Revisiting that “Bush’s fault” thing on the housing crash. As I stated before, Bush didn’t have anything to do with that. In fact his administration tried to reign in Fannie and Freddie. The Democrats didn’t let that get anywhere. Just follow the money…
Rasmussen’s latest tracking poll shows 46% strongly disapprove of Obama’s performance as president. That is compared to 43% who strongly disapproved of George W. Bush at the end of his presidency. But how much worse would Obama’s numbers be (and how much better Bush’s) if not for this Rasmussen finding:
One bright spot in the numbers for the President is that 51% of voters still say former President George W. Bush is more to blame for the nation’s economic woes. Just 41% point the finger of blame at the current President.
In fact, the mortgage meltdown was overwhelmingly a Democrat production, and one in which Barack Hussein Obama played a crucial double role, while George W. strove mightily for 8 years to secure much stronger oversight for Fannie Mae and Freddie Mac.
The only media outlet to tell the truth about Bush’s efforts to rein in the Democrat’s reckless government subsidized lending policies was Fox:
Fox was also the only major media outlet to explain why Obama was the second largest recipient of Fannie and Freddie lobbying money, behind only corrupt Senate Banking Committee Chairman Christopher Dodd. It is because there are two sides to the affirmative-action lending scheme that destroyed the U.S. mortgage market, and Obama was crucial to both of them.
More…
WALL STREET OF AMERICA
FORMERLY THE UNITED STATES OF AMERICA
EMPIRE DESTRUCTION
1980 to 2007
20 YEARS OF 3 CONSERVATIVE PRESIDENTS
18 years Conservative Senate
12 years Conservative House
6 years Total Conservative Control
Redistribution of Wealth to top 20%.
Folk! It is downhill slide for Middle Class.
FACTS—numbers rounded-
1946–1% owned 30% of Total Wealth
1980—20%–a 33% decline due to Estate Tax and High Top Income Tax Rate.
thence cometh conservatism
1989-36%
80% Increase in 8 years of Reaganism
1993-47%
2007–20% owned 93% of Total non home Financial Wealth
80% owned equity in homes.
Most major corporations are owned by WALL STREET RICH MEN CASINO
In 1945, corporations paid 35.4% of federal revenues and 7.4% in 2003
In 2000, 45% of corporations with revenue over 50 million paid no federal tax
Five Wall Street Banks own 75% of all Bank Deposits in America. 5.
Two own 20%.
Think that is not POWER???
FACT CHECK
In 8 years of Bush with 6 years of Total Control
They (wall street rich) created a Net New Jobs of 31,000 per month.
Why? That is NET. You take the new jobs created and subtract the ones sent to China, etc
31,000! Wow!
Bush took over after Clinton had created 237,000 Net New Jobs per month.
Clinton left Bush a spending of 1830 B Per Year.
Bush doubled it to 3600 B.
Bush inherited a 5700B Debt from Clinton. He took it to 11,500B
20 years of 3 conservative presidents did this horrible thing.
Took the Debt of less than 1000B after 200 years and added on 8000B.
In 2009 they are spinning big time to blame Obama for huge debt.
Conservatives will spend millions to coverup their Big Recession.
Much of that 8000B Debt add-on went to WALL STREET GAMBLERS.
The people do not know what has happened to them.
Forbes list of 400 Richest reveals how many became Billionaires via corporate
takeovers and Hedge Gambling
Right Wingers yell Rich Pay most of taxes.
Income Taxes!Yes! They have most of the money.
Yet! Conservatives transferred much of taxation from Rich to Middle Class. Reagan voiding REVENUE SHARING a disaster for Middle Class where taxes were transferred from Rich Income taxes to Middle Class in State and Local Taxes. Was it by design?
Was it a Designed Act of taxation transfer by Conservatives.
In 2008 the Middle Class paid 30% of nominal Income in Federal-State-Local Taxes.
Top 10% paid 30% also. Progressive tax system?
Social Security Tax Increase in 1983 was it designed to hit the Middle Class and ease on the rich?
Greenspan + Reagan. 6.2% Tax on Middle Class. One earns $50,000 pays 6.2%. Earns $1,000,00 pays 6.4%. Earns $10,000,000 pays 1/10th of 1%. By design to keep rich rich?
Was Destruction of S&Ls a deliberate act of wealth transfer from 400 local investors to individual Rich on Wall Street?
Key actor Michael Milken became a Multiple Billionaire with income of 550 Million in one year from raiding S&L deposits (plus) for his Rich Corporate Raiders on Wall Street.
Raiders like Perelman and Ichan became multiple Billionaires.
Sweat of Brow? Ho Ho.
Bush I had to borrow 140 Billion on 40 year bonds to pay for the raids on S&L’s by Wall Streeters.
140B creates many Billionaires and Millionaires. Depositors money was used by those Corporate Raiders and bankrupted the S&L then the government pay off to depositors by Federal Deposit Insurance created Debt for Middle Class.
RAPE OF MIDDLE CLASS 1980-2007
Same ideology gave us Great Depression now Great Recession.
It is not a Depression due to:
Democratic Social Safety Nets such as
Social Security and Medicare
Only the uninformed vote to send conservatives to Washington.
Some type of Revolt will take place in next decade.
Democrats will continue to allow Conservatives with their huge right wing talk shows spreading lies to blame them.
Democrats need a national Megaphone informing all the people as to what has been done and how they have been RAPED by a few million RICH on Wall Street who have taken their Wealth.
I ask one thing.
PROVE ME WRONG. With numbers and facts not usual vile name calling
cswinney2@triad.rr.com
author-Lifeaholic-Workaholic to Lifeaholic success
author-unpublished
All American Party-How Democrats created a great successful Middle Class and how Conservatives are determined to destroy it
Write that shit in a coherent manner, and not some cut and paste job from Daily Kos and I’ll look into answering it.
Let me add this little tidbit.
Consider that from Jan. 20, 2001, to Jan. 20, 2009, the debt held by the public grew $3 trillion under Mr. Bush—to $6.3 trillion from $3.3 trillion at a time when the national economy grew as well.
By comparison, from the day Mr. Obama took office last year to the end of the current fiscal year, according to the Office of Management and Budget, the debt held by the public will grow by $3.3 trillion. In 20 months, Mr. Obama will add as much debt as Mr. Bush ran up in eight years.
Thanks for playing though.
Good points raised here. I am grateful to you for that, however you deserve more thanks than that. I suffer from color blindness (deuteranopia in my case). I mainly use Opera browser (no idea if that changes anything), and a considerabland a number of web sites are challenging to comprehend thanks to a careless range of colours used. However, here, as the range of colors is good, the design is extremely tidy and pleasant to comprehend. I don’t know whether it was a premeditated and conscious undertaking, or just the ‘luck of the draw’, but I still thank you.
enjoyed this post!