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Politics : Formerly About Advanced Micro Devices
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To: bentway who wrote (825704)12/25/2014 5:46:42 PM
From: i-node2 Recommendations

Recommended By
Brumar89
gamesmistress

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>> Why didn't this happen under Clinton? Because Clinton didn't DO this, and maintained good regulatory oversite. Bush fueled the fire, and withdrew the regulators who might have kept it under control. Bush believed markets would 'regulate themselves'.

I'm going to stop short of calling you a liar (at least on this post) and attribute your comment to abject ignorance.

It is exceptionally well-documented at this point that Bush's principal failure was a "failure to move Congress" about his proposed legislation. For example:

content.time.com

In reality, Bush made every effort to get the legislation passed; but there was no getting around Dodd and Frank and they killed the legislation. (It is interesting that Obama's repeated "failures to move Congress" are all the fault of Republicans yet you and other leftwingers refuse to accept responsibility for those!)

It is also no coincidence that a little known, first term Senator who had accomplished essentially nothing was the second largest recipient of political donations from Fannie Mae, right behind -- you guess it -- Chris Dodd:

opensecrets.org

Now, there is no history of you being persuaded by facts, so I realize this cuts no ice with you. But the 2008 meltdown NEVER HAPPENS without Clinton's "reforms". The same cannot be said about Bush; he tried to regulate the GSEs but couldn't get it done. Still, it would likely have been too little, too late -- the die was cast at that point as the insane lending policy had already been established -- by small lenders and by Fannie Mae. It was just a waiting game for the collapse to happen.

This is the way history will record it. Not the "Bush killed the economy" nonsense that you idiots continue to claim.
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