The Big LIE

The biggest propaganda lie ever concocted and foisted upon the American people is the lie that Bush caused our economic crisis. He did not.

Before the Democrats took Congress in 2007 unemployment was 4.1%, gas was $1.70 a gallon, and the economy was expanding. Then the Democrats took Congress in 2007 and promptly destroyed the economy. When Obama became president in 2009 he made it twice as bad.

Let’s do a little math here:

Bush was president for 8 years, from 2001 to 2009.

As I said, in 2007 unemployment was 4.1% and the economy was expanding. That is SIX years into the Bush presidency mind you - SIX OUT OF EIGHT. (And BTW: 4.1% is almost perfect since there is no such thing as a 0% rate.)

Now, can anyone explain to me why the first six years of the eight-year Bush presidency was just fine, and then magically, when the Democrats took over Congress, the economy tanked? Simple: The Democrats took power. When they took power they pushed their social engineering policy of trying to let minorities who wants to own a house own a house whether they could afford it or not. All the bad loans the banks made, they were browbeat into that by the Left. And THAT was the first domino in line to fall.

As I said: The biggest propaganda lie ever concocted and foisted upon the American people is the lie that Bush caused our economic crisis. In fact, Democrats did, with policies that can find their genesis in the Clinton years

 

After 6 years of the incompetent fool we have now, it is laughable to blame Bush. Obama was going to fix everything with hope and change.

 

If the dominant, liberal establishment, mass media were doing their job properly, Obama would never had been elected!

 

LOL

Expanding Home Ownership"This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."

- President George W. Bush, December 16, 2003

The Accomplishments

Increasing Homeownership

The US homeownership rate reached a record 69.2 percent in the second quarter of 2004. The number of homeowners in the United States reached 73.4 million, the most ever. And for the first time, the majority of minority Americans own their own homes.


The President set a goal to increase the number of minority homeowners by 5.5 million families by the end of the decade. Through his homeownership challenge, the President called on the private sector to help in this effort. More than two dozen companies and organizations have made commitments to increase minority homeownership - including pledges to provide more than $1.1 trillion in mortgage purchases for minority homebuyers this decade.

President Bush signed the $200 million-per-year American Dream Downpayment Act which will help approximately 40,000 families each year with their downpayment and closing costs.

The Administration proposed the Zero-Downpayment Initiative to allow the Federal Housing Administration to insure mortgages for first-time homebuyers without a downpayment. Projections indicate this could generate over 150,000 new homeowners in the first year alone.

President Bush proposed a new Single Family Affordable Housing Tax Credit to increase the supply of affordable homes.

The President has proposed to more than double funding for the Self-Help Homeownership Opportunity Program (SHOP), where government and non-profit organizations work closely together to increase homeownership opportunities.

The President proposed $2.7 billion in USDA home loan guarantees to support rural homeownership and $1.1 billion in direct loans for low-income borrowers unable to secure a mortgage through a conventional lender. These loans are expected to provide 42,800 homeownership opportunities to rural families across America.


http://georgewbush-whitehouse.archives.gov/infocus/achievement/chap7.html

 

I believe that this probably correct. I only had two complaints with Bush- 1) he did not SEAL the border 2) he didn't talk to the American people enough to explain what he was thinking.

I am very proud of George Bush as our President. He's a good and good-hearted man. He is loving.

 

Ok,Where to start here,I don't know how long you have been into politics & this is not meant to insult your intelligence or undermine your concern for our country,so,that being said;the one thing you are right on is,Bush (himself did not cause our economic crash in 2007) however,because he was the POTUS he had the power to stop the friggin idiots in his administration who did cause the crisis(and those people were & or are with the GOP)now either he was aware of what was going on & lacked the cohones to stop it or he was so friggin stupid,he was very easily manipulated.
If you care to do some research, there is a Commission report out that explains the 2007 crash & who was at fault-That is #1.
#2. You first need to understand that the 2007 crash was very carefully orchestrated & never needed to happen-it was pure greed.
#3. Please go & read Phil Gramm's Futures Commodities & Moderization Act of 2000--it is the start of the tearing down of the firewalls & regulations & letting speculators set prices for futures( watch the movie "THE SMARTEST MAN IN THE ROOM)" to understand exactly what Phil Gramm was doing( warning-it will make your blood boil,it will make you that angry)
#4. Then they had to get rid of the" pesky" ( am using sarcasm here) law (Glass/Stegall)that kept the banks in check so as not to speculate or gamble too much with other people's money.
#5. But repealing Glass/Steagall was not enough,they needed more deregulation so, the Gramm/Leach/Bliley Acts of 2000 & 2004-so once the firewalls were down & the banks regulations lifted,it gave speculators( Wall Street & Banks) free rein to gamble,bundle& sell home loans at over inflated prices,cause rolling blackouts at will & as long as the general public kept spending money,this could go on indefinitely,however these Wall Street & by now very rich investors moved their ill gotten money to off shore accounts (want your blood to boil more-(-do research on the Ugland House in the Caymens to see how many off-shore accounts & subsidiaries some of these speculators have-Citi-Bank will really p#ss you off) or the UBS in Switzerland where Phil Gramm's wife Wendy was on the board( closed down now as OBAMA made a deal with the louts that had secret accounts,to pay back taxes & penalties to our Treasury in 2008-09)& people here in the U.S quit spending money as prices were going up sky high & we couldn't afford even the basic essentials anymore,coupled with the jobs market being depleted by the corporations moving off-shore as well.
So,the bubble popped,market crashed & you know the rest---So,this is a simplified version & I probably left out some of the other complexities,but to answer your question---Yes-absolutely,it was the Bush administration that caused the crash of 2007---it is not hyperbole-if you follow the money & dig deep & do the research,you will find the truth.
As an added note--sometimes you can find out very useful information in the teeny-tiny print of the back pages of the Wall-Street Journal,such as who has paid a big penalty or who's account in the Caymens has been closed!!!

 

After inheriting the Clinton/Gore recession (which started in the spring of 2000) and dealing with the aftermath of 9/11, Bush and the Republican congress created 8.2 million jobs in little over 4 years. Then the Democrats gained control of congress and destroyed everything...

 

left wing gobbely gook!

 

Oh, gimpdaddy, Do I " SO WISH" it was as you say gobbely gook!!! Do you deny that Glass/Steagall was repealed? Do you deny the Gramm/Leach/Bliley Act? Le'ts start there & see where it leads you---DARE YOU-NO-DOUBLE DARE YOU!

 

http://thepoliticalcarnival.net/tag/bikini-graph/
So here is the "bikini graph"---GOOD JOB OBAMA

 

I think you're conflating correlation with causation. Typical liberal tactic.

 

For every action there is a reaction-that is not a typical liberal tactic-it is what it is---I'm not conflating,but how would you know-if you don't go do the research-if you did the research you would have given a totally different response than--gobbely-goop----just saying---
You disagree all you want,however included with your drive by condecention could you please provide" links" that disprove my claim & that support your argument? And so far all your argument is---"it's gobbely-goop" STELLAR
The OP says that Bush didn't cause the 2007 meltdown-I'm giving him evidence that in fact the Bush administration did! I've listed parts of that evidence,what did you bring to the discussion------Nothing-----

 

So,what follows is a part of history-it can be researched-When Gramm/Leach/Bliley were debating the Gramm/Leach/Bliley bill on the House Floor in 1999-Representative John Dingell (D) Michigan argued at that time " that this bill would result in banks becoming "Too BIG To Fail",he also argued that this bill would lead to the Government bailing them out----So,what happened in 2007, The Banks were "TOO BIG TO FAIL & THE GOVERNMENT BAILED THEM OUT"-----Your thinking is incorrect-----

 

Still doesn't explain how deregulation of said legislation caused the financial meltdown.

 

So, if you were to go read the Gramm/Leach/Bliley bill,-the whole purpose of this bill was to remove barriers in the marketamong banking companies,securities companies & insurance companies.by doing this it failed to give the SEC or any other finacial agency the authority to regulate large investment bank holding companies. By deregulating(I explained this in my previous post,but anyway here it is again)& tearing down the firewalls it gave banks & securities free rein to speculate on energy prices,bundle home loans & sell at way over inflated prices,cause rolling blackouts at will & virtually blackmail states to pay for energy at any price they wished(ask California about that) People became greedy,kept increasing prices to the very edge & eventually the bubble popped in 2007,people couldn't pay their mortages(some because of the small print about the balloon payment,some because they had no business buying a home in the first place for $2000 or more a month-without even having a job(because there were no longer regulations,realtors were selling to anyone without background checks)--and it didn't help that Bush came out with the tax cuts in the early 2000's,with no revenue off-set or the 2 unfunded wars or the prescription drug plan also on the credit card.And it all started by Citicorp merging with Travelors Insurance to become Citigroup!

 

Full time jobs have plunged, part-time low-wage jobs have skyrocketed. That's good news?

 

Great post. I totally agree. He had is faults for sure, but who doesn't. But the things that are said about him are lies, and he is a good man unlike that pathological liar sack of crap Obama.

 

That's the dirty little secret that the press does not report: According to government statistics, around 85% of jobs created during the Kenyan's reign have been part time jobs. These jobs do NOT support the families of those who lost good jobs, and they do NOT pay taxes into the coffers because they pay too little.

Every time you hear Obama talking about jobs that he has created, remember these facts.

 

The only thing Bush can really stake claim to economically is that he had about 54 straight months of economic growth. But this so-called small, limited government conservative turned out to be anything but. How did Bush grow government?

Two wars
Massive growth in the military and subsequent contracting
Medicaid Part D
Creation of Department of Homeland Defense
Budgets that went over $2 trillion and $3 trillion (never seen before)
TARP

And not to mention he presided over the longest wars this country has ever seen. He was an abysmal failure in fighting these wars.

Bush campaigned on reducing the size of government. He did not. I rack this up as a lie. I voted for Bush and think, on a routine basis, how we could have been so easily duped. I do blame democrats for the recession in that they were in control of congress when it happened. But the GOP that was in complete control of everything set the stage for democrats to come in and do more of the same x10. Republicans gave the green light to democrats that big government is the way to go; and they ran with it. Until conservative republicans admit to this reality we’ll forever keep going down this path. As long as we keep propping up the likes of McCain and Romney (RINOs and moderate/liberals) you may as well get used to the current path we’re on. Denial of our past is not a good solution to the problem.

 

The problem began in the second quarter of 2001... following the dot com bubble.

You just didn't notice the hiring freezes and the downsizing.

 

The two go together, and they were not his fault. When we are made war upon, we make war back.

I'll grant you that one. I never said the man was perfect.

Coalescing multiple overlapping and sometimes conflicting security agencies into one umbrella was generally a good concept. Granted it could have been done better.

Again, mostly the wars, not his fault.

An arguable point. Was it necessary? Was it not? Something had to be done. Maybe he chose the wrong thing. If he did then is certainly was not for some nefarious reason.

 

I doubt that one could find a more crystal clear example of the thinking of low information conservatives than this.

Bush was a great man because he appeared to be good and good-hearted.

Never mind that he started an unnecessary war in the wrong country, a war that resulted in the unnecessary deaths of hundreds of thousands of people.

Never mind that he doubled the national debt.

Never mind that his "look the other way" regulatory policies and his liberal banking policies (as noted above) contributed significantly to the crash of 2008.

Never mind that his adminstration was one of the most toxically corrupt in US history, exceeded only by the second Grant adminstration.

George W Bush inherited a country that was a peace, was fairly prosperous and was running a budget surplus.

When he walked out the door, the country was mired in a long, unnecessary war, that it had started and it was losing, the economy had just taken the worst hit it had seen since 1929 and was collapsing before our eyes.

But George is a great man because he looks like a regular guy on TV.

Now that's deep thinking!

 

They only go together for the truly uninformed.

Iraq has nothing to do with 9/11.

The Iraq war was the product of the Bush adminstration ,and it was a war that Bush and Cheney wanted.

- - - Updated - - -

I see you've decided that you're going to work this tired old right wing talking point.

So, I'll ask the same question I did the last time.

Document the specific steps that the Democratic Congress took in 2007 that caused the finacial crisis of 2008.

You haven't answered that question yet, and I don't really expect you to know.

Facts and information don't seem to factor much into the OP here.

 

Spew out the old leftist propaganda lines like a good goosestepping lib.

 

What leftist propoganda?

Every word is true, and you know it. I can back every one of them up quite easily (many in Bush's own words, too)!