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Post a Comment On: Doug Ross @ Journal

"How George W. Bush Destroyed the Economy In Only Eight Short Years"

5 Comments -

1 – 5 of 5
Anonymous Anonymous said...

How dare you inject truth into this!

Honestly though the record shows that commercial lending practices were almost equally to blame for the collapse, and it wasn't a crisis created entirely by lending to low income / high risk individuals and families. However, without that added bonus the housing market would not have collapsed, the lending market would have experienced a sustainable blow, and the word "recession" would be inaccurate.

Now, why is the blame game necessary? Because the people that caused this are trying and succeeding in gaining more power by blaming those with significantly less involvement. In the end, what family was helped who bought a house and now is financially ruined? These people aren't helping the lower income families they claim to love, they're abusing them and assuming that low income = low intelligence = easy cash cow (a lot of $5 bills add up).

Get these people out of office at any cost.

11:19 PM

Anonymous Anonymous said...

Why wouldn't a lending institution lend to people they knew could never make good on their loan when the Government promised to back up that loan no matter how bad? This was part of the manufactured crises the Democrats/Marxist had planed all along.

10:08 AM

Anonymous educator said...

I agree with the other comments. There is plenty of blame to go around.

My Fellow Americans, You Are The 1%

3:49 PM

Anonymous Anonymous said...

It was dirivitives and dirivities and dirivities!

11:11 AM

Anonymous Jim said...

So it cost taxpayers $189 billion to bailout Fannie and Freddie, since then Fannie has paid back $95 billion while Freddie has paid back $30 billion.

How much has Wall St paid back of the $800 billion they needed to bail out their mortgage back derivatives?

Yea let's pretend that had only Bush been allowed to reel in Fannie and Freddie ... it would have stopped the collapse of the Wall St he made no attempt to regulate???

7:47 PM

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