Originally Posted by
rapman1
I bet you made more money this last 8 years than any time in your life. Just a guess...Am I right? I see a President who has kept this great nation safe from attacks on our own soil
minnowsoaker...glad to see we agree that this is a phenomenal country and that we can both disagree and still be civil.
the last eight years have been the worst financially for my wife and i. actually, the last seven. the company i worked for froze our pensions, gave us a lousy 401k that had underperforming choices, dismantled our healthcare to the tune that it cost thousands for our daughter's birth, and then when the company went bankrupt, i lost tons of company stock and saw my 401k pretty much wiped out. not good financially.
the worst attack on the contigious u.s. happened on bush's watch. he was in office a good eight months, sitting on the same info that slick willy had, but nothing was done. and then, instead of going after bin laden en masse, when we had a good idea where he was in afghanistan, we instead used "faulty intelligence" and attacked iraq. hmmmm
now if you want to blame the current financial crisis on the democrats and their failed economic policies concerning the housing market, i challenge with this:
President Bush's "America's Home Ownership Challenge" pushed the private lending sector (as well as Fannie Mae and Freddie Mac) to make more than 5.5 million new minority and low income mortgage loans. To meet his challenge to the private lending industry, twenty four of our largest banking and lending companies pledged to make 1.1 trillion dollars in low income and minority loans.
• From Bush Administration’s White House Press Release entitled, "Focusing on the Nation’s Priorities – Meeting America’s Housing Needs": In 2002, the President issued America’s Homeownership Challenge to increase first-time minority homeowners by 5.5 million through 2010. ... In 2006, 31 percent of those using FHA mortgages were minorities purchasing their first home. The 2008 Budget continues Administration efforts to modernize FHA by improving its ability to reach traditionally underserved homebuyers...
• While in Georgia in 2002, Bush made a speech in which he directly stated, "One of the barriers to homeownership is the inability to make a downpayment. And if one of the goals is to increase homeownership, it makes sense to help people pay that downpayment. ...Fannie May and Freddie Mac, as well as the federal home loan banks, will increase their commitment to minority markets by more than $440 billion.
• On December 16, 2003, President Bush signed into law the American Dream Downpayment Act of 2003, which will help approximately 40,000 families a year with their down payment and closing costs, and further strengthen America’s housing market. This legislation complements the President’s aggressive housing agenda announced in 2002 to dismantle the barriers to homeownership. (From White House Press Release "American Dream Downpayment Act of 2003 – Expanding Homeownership Opportunities for All).
• The Republican administration had HUD offer "zero down payment" mortgages, and risky 3, 5, and 7-year adjustable rate mortgages.
• Of course, these goals were reiterated in the 2004 GOP platform: The most significant barrier to homeownership is the down payment. We support efforts to reduce that barrier, like the American Dream Downpayment Act and Zero Downpayment Mortgages.
• It was the Gramm Leach Bliley Act that allowed banks to deal in mortgage-backed securities. Without passage of the GLBA by a Republican-controlled Congress, the subprime mess couldn't have happened. Chief architect of the GLBA? John McCain's economic adviser, Phil Gramm. Yes, that Phil Gramm. The GLBA was passed on a vote split along party lines (John McCain voted "aye," by the way).
and by the way. i voted for bush the first time. i am not a lib. i thought he would keep his word on challenging roe vs. wade, but not once was that challenge made.
will obama keep his word...i have been voting too many years to believe anything coming from politicians. however, when traffic stops moving, it is sometimes better to find a new road.
i say give the guy a chance.
and thank you for the chance to reply.