why weren't these people bitching about obama NOW saying anything when bush screwed up the country during his two terms back THEN?

[refujiunderground]

and to top it off, a lot of the people that are bitching about obama never liked him in the first place. i don't get it.

i mean do people realize that the economy went down the toilet during bush's FIRST term. do people also realize that this was all going on before 9/11, during 9/11 and the wars in afganistan and iraq? this has been going on since the last decade. where was the outrage?

and i remember how people were actually voting for bush simply because they felt "safer" under him from terrorist attacks that occurred under his watch. sometimes, i don't get americans period. it's as if what happened 8 years ago wasn't enough to get the message.

 

[jstud]

and to top it off, a lot of the people that are bitching about obama never liked him in the first place. i don't get it.

i mean do people realize that the economy went down the toilet during bush's FIRST term. do people also realize that this was all going on before 9/11, during 9/11 and the wars in afganistan and iraq? this has been going on since the last decade. where was the outrage?

and i remember how people were actually voting for bush simply because they felt "safer" under him from terrorist attacks that occurred under his watch. sometimes, i don't get americans period. it's as if what happened 8 years ago wasn't enough to get the message.

Because people are stupid. I remember the way the country was going was going when Bush was in power and mentioned it to people. They didn't give a shit. These same people have plenty to say about Obama though. Pretty sad really.

 

[FuryOfFirestorm]

That's because Bush wasn't black.

 

[fasteddy]

That's because Bush wasn't black.

Because Bush actually liked America, as opposed to someone who has spent his political career stepping on our history and the ideals and principles that actually built this country.

Keep in mind that the meltdown the left likes to blame on Bush was caused by a myopic vision of home ownership that put millions of people unequipped to pay for them in homes subsidized by the taxpayers. The mortgages went unpaid, not because of the rich stole the money from the poor, but because the poor didn't have the money to start with. The Community Re-Investment Act was a failed idea in its inception and when the thoroughly predictable results occurred and this shining star of liberal ideals turned into an economic death star the left laughably said it was the fault of the Bush Tax Cuts, etc. etc. all the time forgetting it was their own moronic adherence to a bad idea that brought the economies of the world to their knees.

 

[FuryOfFirestorm]

Bush loved America so much that he started a war on false pretenses ("They have Yellow Cake Uranium...OOPS, not really. My bad!") then left America to foot the Multi-Billion dollar tab.

Pray tell, how did Obama "step on our history"?

The Community Re-Investment Act was a failed idea in its inception and when the thoroughly predictable results occurred

Hey! Look what I found on Wikipedia! And it's loaded with citations!

However, many others hold that the CRA did not make a significant contribution of the subprime crisis. Nobel laureate Paul Krugman[108] noted in November 2009 that 55% of commercial real estate loans were currently underwater, despite being completely unaffected by the CRA.[109] According to Federal Reserve Governor Randall Kroszner, the claim that "the law pushed banking institutions to undertake high-risk mortgage lending" was contrary to their experience, and that no empirical evidence had been presented to support the claim.[110] In a Bank for International Settlements (BIS) working paper, economist Luci Ellis concluded that "there is no evidence that the Community Reinvestment Act was responsible for encouraging the subprime lending boom and subsequent housing bust", relying partly on evidence that the housing bust has been a largely exurban event.[111] Others have also concluded that the CRA did not contribute to the financial crisis, notably, FDIC Chairman Sheila Bair,[112] Comptroller of the Currency John C. Dugan,[113] Tim Westrich of the Center for American Progress,[114] Robert Gordon of the American Prospect,[115] Ellen Seidman of the New America Foundation,[116] Daniel Gross of Slate,[117] and Aaron Pressman from BusinessWeek.[118]
Legal and financial experts have noted that CRA regulated loans tend to be safe and profitable, and that subprime excesses came mainly from institutions not regulated by the CRA. In the February 2008 House hearing, law professor Michael S. Barr, a Treasury Department official under President Clinton,[63][119] stated that a Federal Reserve survey showed that affected institutions considered CRA loans profitable and not overly risky. He noted that approximately 50% of the subprime loans were made by independent mortgage companies that were not regulated by the CRA, and another 25% to 30% came from only partially CRA regulated bank subsidiaries and affiliates. Barr noted that institutions fully regulated by CRA made "perhaps one in four" sub-prime loans, and that "the worst and most widespread abuses occurred in the institutions with the least federal oversight".[120] According to Janet L. Yellen, President of the Federal Reserve Bank of San Francisco, independent mortgage companies made risky "high-priced loans" at more than twice the rate of the banks and thrifts; most CRA loans were responsibly made, and were not the higher-priced loans that have contributed to the current crisis.[121] A 2008 study by Traiger & Hinckley LLP, a law firm that counsels financial institutions on CRA compliance, found that CRA regulated institutions were less likely to make subprime loans, and when they did the interest rates were lower. CRA banks were also half as likely to resell the loans.[122] Emre Ergungor of the Federal Reserve Bank of Cleveland found that there was no statistical difference in foreclosure rates between regulated and less-regulated banks, although a local bank presence resulted in fewer foreclosures.[123]
During a 2008 House Committee on Oversight and Government Reform hearing on the role of Fannie Mae and Freddie Mac in the financial crisis, including in relation to the Community Reinvestment Act, asked if the CRA provided the "fuel" for increasing subprime loans, former Fannie Mae CEO Franklin Raines said it might have been a catalyst encouraging bad behavior, but it was difficult to know. Raines also cited information that only a small percentage of risky loans originated as a result of the CRA.

 

[FuryOfFirestorm]

BTW - try to expand your politics outside of reading "Atlas Shrugged" and listening to Fox News.

 

[LuvFindsAndyHardy]

someone who has spent his political career stepping on our history and the ideals and principles that actually built this country.

Please give some examples of this (if you're capable of tearing yourself away from the vague yet vicious rhetoric of which you're so fond)

 

[FuryOfFirestorm]

Don't hold your breath, Andy. I've read his posts, and it looks like he just regurgitates the pablum that Rush, Sean and Ann spoon feed their avid followers.

Like blaming the whole banking and housing meltdown on the Community Reinvestment Act despite economists and members of the Federal Reserve saying otherwise.

 

[Jack Springer]

Always eager to play the race card.

 

[Benvolio]

People who blame Bush for the collapse after the Democrats took Congress, cannot point to anything that Bush did or failed to do to cause it. Some have said that he allowed too many people get mortgage who couldn't afford them, but that goes back to the Community Reinvestment Act. Deficit spending never did cause interest rates to go up. so it stimulated the economy. So what do you claim that Bush did to hurt the economy. Try to focus on that narrow question.

 

[CowboyBob]

That's because Bush wasn't black.

That's 90% of it. If there's one thing a racist hates more than a black person not knowing their place is being called a racist.

Because Bush actually liked America, as opposed to someone who has spent his political career stepping on our history and the ideals and principles that actually built this country.

Bush liked America? Like when he went AWOL...... or drove the country into a depression? A simple check on google will prove the Bush tax cuts are the main source for the deficit.

The people who built America were the men in blue jeans, not the men in suits. The suits were the ones who ruined it.

You're a angry and intolerant person eddie. Don't fall for propaganda on Fox.

 

[justdra]

Who is Bush? Was he a past POTUS? How can a person be criticize for screwing up the country when his very existence isn't even acknowledged by the Republicans anymore? Obviously if he was so great he would be mentioned every other minute the same way they keep digging up Reagan. They won't even mention Sr Bush for fear people will think the name Bush.

 

[Jack Springer]

That's 90% of it. If there's one thing a racist hates more than a black person not knowing their place is being called a racist.



Bush liked America? Like when he went AWOL...... or drove the country into a depression? A simple check on google will prove the Bush tax cuts are the main source for the deficit.

The people who built America were the men in blue jeans, not the men in suits. The suits were the ones who ruined it.

You're a angry and intolerant person eddie. Don't fall for propaganda on Fox.

Looking for this ....

 

[vulgar_newcomer]

Keep in mind that the meltdown the left likes to blame on Bush was caused by a myopic vision of home ownership that put millions of people unequipped to pay for them in homes subsidized by the taxpayers. The mortgages went unpaid, not because of the rich stole the money from the poor, but because the poor didn't have the money to start with. The Community Re-Investment Act was a failed idea in its inception and when the thoroughly predictable results occurred and this shining star of liberal ideals turned into an economic death star the left laughably said it was the fault of the Bush Tax Cuts, etc. etc. all the time forgetting it was their own moronic adherence to a bad idea that brought the economies of the world to their knees.

People like Fast Eddy like to put the blame on lower income people but seem to forget other parts of the problem all together. Perhaps they forget it because they like to spew off what they get in their chain letter viral emails that flood their email box and see some pundit push it on a various cable outlets?

They must not have owned homes or had a mental black out from 2003 - 2006. My mailbox was stuffed with junk about refinancing daily, as were friends I talked to in other regions of the country . None of these were sub-prime loans.
Many people of middle and upper middle income homes took advantage of these loans pulling all the equity out of their homes with a ARMS refinance.

A friend took me out to lunch one afternoon in 2003 and I was surprised to see her Father join her. It was fine until he started pitching me to refinance from a established fixed rate mortgage to a adjustable claiming he could get a rate of under 2% for 24 -36 months. I wasn't interested and was shocked he was involved in such a scam. I said what does the rate go to at the end of the 3 yrs? He told me no problem you just refinance and do it again. He told me he has done 2 or 3 times already, then said "how do you think I bought that 28' cabin cruiser"?

Then you had the upper income people buying and flipping houses. I don't know a lot of people but I personally know 2 people who were buying multiple lower income houses and repairing (minimum at best) them and selling them at ridiculous prices. Both of them went belly up losing many properties to foreclosure, including their own Mini-mansions in the process. This was no little problem in my area, it was a major player in the housing bust in Florida.

The rich, banks, and non regulated crooks were ripping off the uneducated with very complex legal wording lower income people as well as each other. It came down to greed and that"s certainly not cornered by lower income people as history clearly shows.

 

[FuryOfFirestorm]

Obama showed proof of his birth TWICE and people still ask for more proof. Obama has professed to being a Christian, and yet he's accused of being a Muslim in cahoots with terrorists. His politics are left of center, yet he's constantly called a "socialist" and "radical".

I wonder why there is a large group of people doing this.

Maybe it's because he's "doing a bad job" (as his critics claim)?

Well, there were Presidents that did actual harm to America - like Nixon - yet their nationality, ideology and religion weren't constantly questioned and obsessed over.

Or perhaps because he's a Democrat?

The only President that the GOP hated as much as Obama was Clinton, and his nationality was never questioned either. Carter, LBJ and JFK never had their national status questioned either.

I'm pretty sure it's not because he's a male, or married, or a father, or a Christian. The GOP LOVES that shit.

Gosh...I wonder why the Tea Party hates Obama so much...

 

[FuryOfFirestorm]

because rooting for your team trumps just about anything else.

it's the same reason why the Democrats in Congress who went apocalyptic any time GWB sneezed at civil liberties are ignoring Obama when he assassinates American citizens.



they accused Clinton of murder, which is probably worse than questioning his nationality... I think that if Obama were white but with a foreign-born father, he'd still be facing the same questions (note: John McCain is white and Democrats tried to make an issue out of the fact that he was born in Panama). if he was black with two American-born parents, his nationality wouldn't be a question and they'd find something else to slander him with.

it's politics.

A lot of people didn't like GWB as President, but I didn't hear a single person accuse him of lying about his religion or continually pester him to prove that he was born in America.

Democrats made an issue of John McCain's nationality? That's a new one to me. Since he was born on a US Military Base, he is legally a US Citizen. No debate there.

I do recall that when he was running in 2000, the GOP ran a smear campaign that his Bangladeshi adopted daughter Bridget was really his illegitimate bastard child. But we know that the GOP would NEVER resort to dirty tactics and race baiting like that...no siree!

 

[CowboyBob]

Who is Bush? Was he a past POTUS? How can a person be criticize for screwing up the country when his very existence isn't even acknowledged by the Republicans anymore? Obviously if he was so great he would be mentioned every other minute the same way they keep digging up Reagan. They won't even mention Sr Bush for fear people will think the name Bush.

Why hasn't anyone given a good reason why George W Bush and Dick Cheney weren't at the Republican National Convention in Tampa? Rush Limbaugh lives in Florida ...... it would have been a quick trip to Tampa from Palm Beach in his helicopter and he could have orated.

Does anyone know why Dubya, Cheney and Limbaugh didn't speak at the convention?

 

[FuryOfFirestorm]

you work with what you've got. GWB wore his religion on his sleeve and his parents were national public figures for decades, there's not much room to question his religion or nationality.

but he was routinely accused of being an alcoholic/drug addict and, like the Clintons, Laura Bush was accused of murder. (and a lot of people still accuse him of stealing both elections and being an illegitimate President)

I felt that was really unfair to Bush to use his past against him like that. He really seemed to make an effort to get clean and stay clean, so that should have been off limits. The Laura Bush thing was also a cheap shot against her, I'll admit. It seemed more like an accident at best, or manslaughter at worst. Calling it "murder" was way out of line.

I'm willing to admit that even some Democrats play dirty, and I am sincerely sorry for the bullshit they spread.

 

[refujiunderground]

Looking for this ....

you do realize that a lot of people that don't like him are basically pulling out the race card on the low through the number of excuses not to like him.

do you think they would accuse him of being born in africa, being a muslim (as if that's a bad thing), being born in hawaii before it was a state, and a whole bunch of other sh!t if he was white? let's be real here. i just find it funny how bush didn't even have that much critics during his term and even when he was running for election. he basically used the whole patriotic bullshit to fuck over this country and people were stupid enough to eat it up.

 

[FuryOfFirestorm]

you do realize that a lot of people that don't like him are basically pulling out the race card on the low through the number of excuses not to like him.

do you think they would accuse him of being born in africa, being a muslim (as if that's a bad thing), being born in hawaii before it was a state, and a whole bunch of other sh!t if he was white? let's be real here. i just find it funny how bush didn't even have that much critics during his term and even when he was running for election. he basically used the whole patriotic bullshit to fuck over this country and people were stupid enough to eat it up.

"Why are you throwing people in Gitmo without a trial or legal representation, President Bush"?

"9/11!"

"Why are you making it legal to spy on anyone without a warrant?"

"9/11!"

"Why are you sending billions of dollars worth of troops and military tech to Iraq based on faulty intelligence?"

"Because 9/11, that's why! And fuck you."