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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (655400)	5/19/2012 4:28:34 PM
From: mel221	2 Recommendations Read Replies (1) \| Respond to of 1578628

Thanks Tejek. I can see why you cite this video. It shows President Bush acting as a real leader. Demonstrating what real leadership looks like. You probably don't like it when he states... "I introduced two of the leaders today. Fannie Mae and Freddie Mac. They will increase their commitment to minority markets by more than 440 BILLION dollars." You apparently disagree with the federal government helping minorities. Your video does not show a response from the liberal opposition. That's because there was no negative response. The Democrats were highly supportive of this policy. Lastly, you neglect to point out that Bush was following the advice offered from a leading liberal economist, a certain Paul Krugman, who recommended stimulating housing as a means to stimulate the economy after the Nasdaq bubble and the 911 recession. Once again, thanks for posting a video of a President acting presidential. This is a freshing post from you.

To: tejek who wrote (655400)	5/19/2012 5:32:13 PM
From: mel221	5 Recommendations Read Replies (1) \| Respond to of 1578628

Tejek You really make this too easy. Your whole point of view is that Bush single handedly stimulated the housing market and created a bubble in response to the recession of 2001 and 2002. Bush's policies were appropriate for the timeframe; Creating jobs and increasing home ownership for disadvantaged individuals. Obama is also pursuing policies in an effort to stimulate housing. He is getting huge support from the FED with its ZIRP. Obama is clearly failing. The real question is "why is Obama so incompetent where Bush was so competent?" Bush successfully stimulated housing and his policies resulted in low unemployment. Obama's policies have achieved neither. By blaming Bush for being successful, you are exposing Obama for being incompetent. Keep at it!

To: tejek who wrote (655400)	5/19/2012 7:00:43 PM
From: i-node	3 Recommendations Read Replies (2) \| Respond to of 1578628

Ted, you ignorant slut. Yes, it is true -- Bush put about 250 Million into this project (about half what we wasted on Solyndra). As to Freddie & Fannie: In 2004 the Bush administration moved to regulate Fannie & Freddie, even getting a bill through the Banking & Finance Committee, only to have it filibustered by none other than CHRIS DODD. After Dodd's filibuster, in the years 2005 through 2008 they bought as much debt as they had in their ENTIRE FIRST 30 YEARS of existence. From a NYT story in 2003 "The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago. Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry. The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios. The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates." So, Chris Dodd STOPPED THIS LEGISLATION. And you want to BLAME BUSH for the Real Estate crisis?