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mandrew002008

What Liberals Hate Most

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"The 1% and Fox News....a mighty combo."

 

The wealthiest men in the world are all leftist. Bill Gates, Warren Buffet, and Carlos Slim.

 

 

"Sandy Berger, President Clinton's national security adviser was given 2 years probation and fined $50,000 for illegally removing highly classified documents from the National Archives and intentionally destroying some of them."

 

Not ALL wealthy people want to rule the country Those that do don't mind being taxed at lower rates than the rest of us and are exclusively in the party-for-the-wealthy.

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"The 1% and Fox News....a mighty combo."

 

The wealthiest men in the world are all leftist. Bill Gates, Warren Buffet, and Carlos Slim.

 

 

"Sandy Berger, President Clinton's national security adviser was given 2 years probation and fined $50,000 for illegally removing highly classified documents from the National Archives and intentionally destroying some of them."

 

Your dreaming if you think these lightweights are the richest men in the world.. But you are right all of the superelite are socialists. thats because they are one worlders. and the NWO needs socialism to create a 1 world government. Libs are dupes if they think the NWO really has any sympathy for the poor. They just want the other rich guys like Koch brothers out of the way so there will be no resistance.

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Your dreaming if you think these lightweights are the richest men in the world.. But you are right all of the superelite are socialists. thats because they are one worlders. and the NWO needs socialism to create a 1 world government. Libs are dupes if they think the NWO really has any sympathy for the poor. They just want the other rich guys like Koch brothers out of the way so there will be no resistance.

LOL, Koch Brothers...."friend of the workin man"

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LOL, Koch Brothers...."friend of the workin man"

well regardless of what you think The trillionaires Rockefeller, Morgans, Warburgs and especially Rothschilds ( estimated worth of this family is nearly 100 trillion) are no friends of yours in spite of what you might think. George Soros is called Rothschilds bulldog and is one of the most dangerous men in the world. he would sell America out in a heart beat if he was allowed too.

 

A large part of Soros’ multibillion-dollar fortune has come from manipulating currencies. During the 1997 Asian financial crisis, Malaysian Prime Minister Mahathir bin Mohamad accused him of bringing down the nation’s currency through his trading activities, and in Thailand he was called an “economic war criminal.”

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As a liberal, the thing I hate most is how the 1% has skillfully divided working Americans and convinced large numbers of white workers that our nations difficulties are caused by the poor.

 

I have never heard anyone tell me that the problems are because of the poor. The only people that truly divide are on the left side of the aisle. Telling us everyday how different we are rather than how similar we are. The left keeps telling us to pull together, but also keeps accentuating our differences for their own gain. It is a confusing thing for the country. Do you want us to be different or do you want us to unite?

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well regardless of what you think The trillionaires Rockefeller, Morgans, Warburgs and especially Rothschilds ( estimated worth of this family is nearly 100 trillion) are no friends of yours in spite of what you might think. George Soros is called Rothschilds bulldog and is one of the most dangerous men in the world. he would sell America out in a heart beat if he was allowed too.

 

A large part of Soros’ multibillion-dollar fortune has come from manipulating currencies. During the 1997 Asian financial crisis, Malaysian Prime Minister Mahathir bin Mohamad accused him of bringing down the nation’s currency through his trading activities, and in Thailand he was called an “economic war criminal.”

 

Simple liber minds just can't understand this stuff. They are walking like sheep to the slaughter and don't even know it. Thanks NOVACANE for having the intelligence to understand such matters.It's nice seeing another smart person on here who is not a liberal drone.

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I have never heard anyone tell me that the problems are because of the poor. The only people that truly divide are on the left side of the aisle. Telling us everyday how different we are rather than how similar we are. The left keeps telling us to pull together, but also keeps accentuating our differences for their own gain. It is a confusing thing for the country. Do you want us to be different or do you want us to unite?

I want working people to unite and see through the racism of the 1% that tells whites that minorities are their enemies.

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Simple liber minds just can't understand this stuff. They are walking like sheep to the slaughter and don't even know it. Thanks NOVACANE for having the intelligence to understand such matters.It's nice seeing another smart person on here who is not a liberal drone.

Like I tell everyone and I quote Thucydides on of my favorite greek philosophers " self control is the chief element in self respect which is the chief element in courage." Libs have none to very little self control and consequently no courage. Its why they cant embrace such concepts like this. It takes bravery to realize the world is headed for annihilation by these tyrants and we are ready to fight to the death. They would rather stick their head in the sand and pretend.

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I want working people to unite and see through the racism of the 1% that tells whites that minorities are their enemies.

 

I have never been told that minorities are my enemy. I have been told, by Washington, that minorities are special and that they need "protections". That doesn't make minorities my enemy, it makes Washington DC the hotbed of political deception. And that 1% includes your precious dems/libs as well as cons/GOP.

 

If anything, more animosity is built by people telling minorities that whites are their enemy.

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I have never been told that minorities are my enemy. I have been told, by Washington, that minorities are special and that they need "protections". That doesn't make minorities my enemy, it makes Washington DC the hotbed of political deception. And that 1% includes your precious dems/libs as well as cons/GOP.

 

If anything, more animosity is built by people telling minorities that whites are their enemy.

"Your hard earned tax dollars are being given to minorities thru hand outs by the KneeGrow President to buy their votes" Isn't that about it?

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"Your hard earned tax dollars are being given to minorities thru hand outs by the KneeGrow President to buy their votes" Isn't that about it?

 

And libers try to say the TEA Party is racist.

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And libers try to say the TEA Party is racist.

All I'm quoting is the reason many white workers ignore their economic interests and vote for the party-for-the-wealthy.

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"Your hard earned tax dollars are being given to minorities thru hand outs by the KneeGrow President to buy their votes" Isn't that about it?

 

I don't blame any minorities or the poor for that. I blame washington politicians going for the cheap vote and trying to run people's lives because they think they know whats best for everyone. And the fact that you use the term "kneegrow" proves you are a bigger racist than you let on.

All I'm quoting is the reason many white workers ignore their economic interests and vote for the party-for-the-wealthy.

 

You know why people vote to keep taxes down and regulations under control? Because they believe that someday they will be in that situation of being wealthy. All libs/dems do is tell people how they are being oppressed and how they will never be rich, no matter how hard they work. Most pessimistic party ever.

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Truth...

 

Being a libertarian, I can look at both sides objectively and to hear libers continue to say that Bush was solely responsible for the economic downturn in 2008 is just pure horse [excrement]. Liberals are like classic narcissist, they never see their own fault but are quick to blame someone else.

 

 

  • In 2007, a family of four earning $40,000 saved an average of $2,053 thanks to the President's tax relief.

The President's tax relief was followed by increases in tax revenue. From 2005 to 2007, tax revenues grew faster than the economy. The ratio of receipts to GDP rose to 18.8 percent in 2007, above the 40-year average. Between 2004 and 2006, capital gains realizations grew by approximately 60 percent. Growth in corporate income tax receipts was especially strong in the President's second term, nearly doubling between 2004 and 2007 and contributing a full percentage point to the increase in the total federal receipts-to-GDP share.

The President's tax relief has shifted a larger share of the individual income taxes paid to higher-income taxpayers. With nearly all of the tax relief provisions fully in effect, the President's tax relief reduced the share of taxes paid by the bottom 50 percent of taxpayers from 3.9 percent in 2000 to 3.1 percent in 2005, the latest year of available data, while increasing the share paid by the top 10 percent from 46.0 to 46.4 percent.

President Bush Led The Response To The Financial Crisis Of 2008

This unprecedented economic growth was ended by the turbulence in the housing and credit markets, to which the President responded with bold action. President Bushaddressed the weakness in the economy early in 2008 by leading the bipartisan passage of an economic growth package that boosted consumer spending and encouraged businesses to expand, returning more than $96 billion to Americans. When the financial crisis intensified, President Bush led the passage and implementation of a rescue plan that helped address the root of the financial crisis, protected the deposits of individuals and small businesses, and helped enable credit to remain available to individuals and families. Moreover, he convened a summit with the leaders of the G-20 nations to discuss efforts to strengthen economic growth, deal with the financial crisis, reaffirm a commitment to free market principles, and lay the foundation for reform to help ensure that a similar crisis does not happen again.

  • The Administration warned of the risk that government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac posed to America's financial security beginning in 2001. President Bush's first budget warned that "financial trouble of a large GSE could cause strong repercussions in financial markets." In 2003, the Administration began calling for a new GSE regulator. Despite resistance from Congress, President Bush continued to call for GSE reform until Congress finally acted in 2008 to provide the additional oversight the President requested five years earlier. Unfortunately, the reform came too late to prevent systemic consequences.

 

http://georgewbush-whitehouse.archives.gov/infocus/bushrecord/factsheets/taxrelief.html

U ARE NO "libertarian!" U VOTE CON EVERY CHANCE U GET! WHAT LIBERALS HATE THE MOST IS IDIOT CONS!

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As a liberal, the thing I hate most is how the 1% has skillfully divided working Americans and convinced large numbers of white workers that our nations difficulties are caused by the poor.

 

The 1% and Fox News....a mighty combo.

Much mightier than CNN and all the other left wing liberal news outlets put together.

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U ARE NO "libertarian!" U VOTE CON EVERY CHANCE U GET! WHAT LIBERALS HATE THE MOST IS IDIOT CONS!

You don't know who I vote for dumb ass. You're a stupid ass lunatic troll.

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Warnings from Bush. Dems did nothing.

2001

April: The Administration's FY02 budget declares that the size of Fannie Mae and Freddie Mac is "a potential problem," because "financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity." (2002 Budget Analytic Perspectives, pg. 142)

2002

May: The Office of Management and Budget (OMB) calls for the disclosure and corporate governance principles contained in the President's 10-point plan for corporate responsibility to apply to Fannie Mae and Freddie Mac. (OMB Prompt Letter to OFHEO, 5/29/02)

2003

February: The Office of Federal Housing Enterprise Oversight (OFHEO) releases a report explaining that unexpected problems at a GSE could immediately spread into financial sectors beyond the housing market.

September: Then-Treasury Secretary John Snow testifies before the House Financial Services Committee to recommend that Congress enact "legislation to create a new Federal agency to regulate and supervise the financial activities of our housing-related government sponsored enterprises" and set prudent and appropriate minimum capital adequacy requirements.

September: Then-House Financial Services Committee Ranking Member Barney Frank (D-MA) strongly disagrees with the Administration's assessment, saying "these two entities Fannie Mae and Freddie Mac are not facing any kind of financial crisis The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." (Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae," The New York Times, 9/11/03)

October: Senator Thomas Carper (D-DE) refuses to acknowledge any necessity for GSE reforms, saying "if it ain't broke, don't fix it." (Sen. Carper, Hearing of Senate Committee on Banking, Housing, and Urban Affairs, 10/16/03)

November: Then-Council of the Economic Advisers (CEA) Chairman Greg Mankiw explains that any "legislation to reform GSE regulation should empower the new regulator with sufficient strength and credibility to reduce systemic risk." To reduce the potential for systemic instability, the regulator would have "broad authority to set both risk-based and minimum capital standards" and

"receivership powers necessary to wind down the affairs of a troubled GSE." (N. Gregory Mankiw, Remarks At The Conference Of State Bank Supervisors State Banking Summit And Leadership, 11/6/03)

2004

February: The President's FY05 Budget again highlights the risk posed by the explosive growth of the GSEs and their low levels of required capital and calls for creation of a new, world-class regulator: "The Administration has determined that the safety and soundness regulators of the housing GSEs lack sufficient power and stature to meet their responsibilities, and therefore should be replaced with a new strengthened regulator." (2005 Budget Analytic Perspectives, pg. 83)

February: Then-CEA Chairman Mankiw cautions Congress to "not take [the financial market's] strength for granted." Again, the call from the Administration was to reduce this risk by "ensuring that the housing GSEs are overseen by an effective regulator." (N. Gregory Mankiw, Op-Ed, "Keeping Fannie And Freddie's House In Order," Financial Times, 2/24/04)

April: Rep. Frank ignores the warnings, accusing the Administration of creating an "artificial issue." At a speech to the Mortgage Bankers Association conference, Rep. Frank said "people tend to pay their mortgages. I don't think we are in any remote danger here. This focus on receivership, I think, is intended to create fears that aren't there." ("Frank: GSE Failure A Phony Issue," American Banker, 4/21/04)

June: Then-Treasury Deputy Secretary Samuel Bodman spotlights the risk posed by the GSEs and calls for reform, saying "We do not have a world-class system of supervision of the housing government sponsored enterprises (GSEs), even though the importance of the housing financial system that the GSEs serve demands the best in supervision to ensure the long-term vitality of that system. Therefore, the Administration has called for a new, first class, regulatory supervisor for the three housing GSEs: Fannie Mae, Freddie Mac, and the Federal Home Loan Banking System." (Samuel Bodman, House Financial Services Subcommittee on Oversight and Investigations Testimony, 6/16/04)

2005

April: Then-Secretary Snow repeats his call for GSE reform, saying "Events that have transpired since I testified before this Committee in 2003 reinforce concerns over the systemic risks posed by the GSEs and further highlight the need for real GSE reform to ensure that our housing finance system remains a strong and vibrant source of funding for expanding homeownership opportunities in America Half-measures will only exacerbate the risks to our financial

system." (Secretary John W. Snow, "Testimony Before The U.S. House Financial Services Committee," 4/13/05)

July: Then-Minority Leader Harry Reid rejects legislation reforming GSEs, "while I favor improving oversight by our federal housing regulators to ensure safety and soundness, we cannot pass legislation that could limit Americans from owning homes and potentially harm our economy in the process." ("Dems Rip New Fannie Mae Regulatory Measure," United Press International, 7/28/05)

2007

August: President Bush emphatically calls on Congress to pass a reform package for Fannie Mae and Freddie Mac, saying "first things first when it comes to those two institutions. Congress needs to get them reformed, get them streamlined, get them focused, and then I will consider other options." (President George W. Bush, Press Conference, the White House, 8/9/07)

August: Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd ignores the President's warnings and calls on him to "immediately reconsider his ill-advised" position. (Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected, As Critics Complain Of Opportunism," The New York Times, 8/11/07)

December: President Bush again warns Congress of the need to pass legislation reforming GSEs, saying "These institutions provide liquidity in the mortgage market that benefits millions of homeowners, and it is vital they operate safely and operate soundly. So I've called on Congress to pass legislation that strengthens independent regulation of the GSEs and ensures they focus on their important housing mission. The GSE reform bill passed by the House earlier this year is a good start. But the Senate has not acted. And the United States Senate needs to pass this legislation soon." (President George W. Bush, Discusses Housing, the White House, 12/6/07)

2008

February: Assistant Treasury Secretary David Nason reiterates the urgency of reforms, saying "A new regulatory structure for the housing GSEs is essential if these entities are to continue to perform their public mission successfully." (David Nason, Testimony On Reforming GSE Regulation, Senate Committee On Banking, Housing And Urban Affairs, 2/7/08)

March: President Bush calls on Congress to take action and "move forward with reforms on Fannie Mae and Freddie Mac. They need to continue to modernize the FHA, as well as allow State housing agencies to issue tax-free

bonds to homeowners to refinance their mortgages." (President George W. Bush, Remarks To The Economic Club Of New York, New York, NY, 3/14/08)

April: President Bush urges Congress to pass the much needed legislation and "modernize Fannie Mae and Freddie Mac. [There are] constructive things Congress can do that will encourage the housing market to correct quickly by helping people stay in their homes." (President George W. Bush, Meeting With Cabinet, the White House, 4/14/08)

May: President Bush issues several pleas to Congress to pass legislation reforming Fannie Mae and Freddie Mac before the situation deteriorates further.

◦ "Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow state housing agencies to issue tax-free bonds to refinance sub-prime loans." (President George W. Bush, Radio Address, 5/3/08)

◦ "[T]he government ought to be helping creditworthy people stay in their homes. And one way we can do that and Congress is making progress on this is the reform of Fannie Mae and Freddie Mac. That reform will come with a strong, independent regulator." (President George W. Bush, Meeting With The Secretary Of The Treasury, the White House, 5/19/08)

◦ "Congress needs to pass legislation to modernize the Federal Housing Administration, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance subprime loans." (President George W. Bush, Radio Address, 5/31/08)

June: As foreclosure rates continued to rise in the first quarter, the President once again asks Congress to take the necessary measures to address this challenge, saying "we need to pass legislation to reform Fannie Mae and Freddie Mac." (President George W. Bush, Remarks At Swearing In Ceremony For Secretary Of Housing And Urban Development, Washington, D.C., 6/6/08)

July: Congress heeds the President's call for action and passes reform legislation for Fannie Mae and Freddie Mac as it becomes clear that the institutions are failing.

September: Democrats in Congress forget their previous objections to GSE reforms, as Senator Dodd questions "why weren't we doing more, why did we wait almost a year before there were any significant steps taken to try to deal with this problem? I have a lot of questions about where was the administration over the last eight years." (Dawn Kopecki, "Fannie Mae, Freddie 'House Of Cards' Prompts Takeover," Bloomberg, 9/9/08)

its all well and good. How many bills came up for a vote.

Warnings from Bush. Dems did nothing.

2001

April: The Administration's FY02 budget declares that the size of Fannie Mae and Freddie Mac is "a potential problem," because "financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity." (2002 Budget Analytic Perspectives, pg. 142)

2002

May: The Office of Management and Budget (OMB) calls for the disclosure and corporate governance principles contained in the President's 10-point plan for corporate responsibility to apply to Fannie Mae and Freddie Mac. (OMB Prompt Letter to OFHEO, 5/29/02)

2003

February: The Office of Federal Housing Enterprise Oversight (OFHEO) releases a report explaining that unexpected problems at a GSE could immediately spread into financial sectors beyond the housing market.

September: Then-Treasury Secretary John Snow testifies before the House Financial Services Committee to recommend that Congress enact "legislation to create a new Federal agency to regulate and supervise the financial activities of our housing-related government sponsored enterprises" and set prudent and appropriate minimum capital adequacy requirements.

September: Then-House Financial Services Committee Ranking Member Barney Frank (D-MA) strongly disagrees with the Administration's assessment, saying "these two entities Fannie Mae and Freddie Mac are not facing any kind of financial crisis The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." (Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae," The New York Times, 9/11/03)

October: Senator Thomas Carper (D-DE) refuses to acknowledge any necessity for GSE reforms, saying "if it ain't broke, don't fix it." (Sen. Carper, Hearing of Senate Committee on Banking, Housing, and Urban Affairs, 10/16/03)

November: Then-Council of the Economic Advisers (CEA) Chairman Greg Mankiw explains that any "legislation to reform GSE regulation should empower the new regulator with sufficient strength and credibility to reduce systemic risk." To reduce the potential for systemic instability, the regulator would have "broad authority to set both risk-based and minimum capital standards" and

"receivership powers necessary to wind down the affairs of a troubled GSE." (N. Gregory Mankiw, Remarks At The Conference Of State Bank Supervisors State Banking Summit And Leadership, 11/6/03)

2004

February: The President's FY05 Budget again highlights the risk posed by the explosive growth of the GSEs and their low levels of required capital and calls for creation of a new, world-class regulator: "The Administration has determined that the safety and soundness regulators of the housing GSEs lack sufficient power and stature to meet their responsibilities, and therefore should be replaced with a new strengthened regulator." (2005 Budget Analytic Perspectives, pg. 83)

February: Then-CEA Chairman Mankiw cautions Congress to "not take [the financial market's] strength for granted." Again, the call from the Administration was to reduce this risk by "ensuring that the housing GSEs are overseen by an effective regulator." (N. Gregory Mankiw, Op-Ed, "Keeping Fannie And Freddie's House In Order," Financial Times, 2/24/04)

April: Rep. Frank ignores the warnings, accusing the Administration of creating an "artificial issue." At a speech to the Mortgage Bankers Association conference, Rep. Frank said "people tend to pay their mortgages. I don't think we are in any remote danger here. This focus on receivership, I think, is intended to create fears that aren't there." ("Frank: GSE Failure A Phony Issue," American Banker, 4/21/04)

June: Then-Treasury Deputy Secretary Samuel Bodman spotlights the risk posed by the GSEs and calls for reform, saying "We do not have a world-class system of supervision of the housing government sponsored enterprises (GSEs), even though the importance of the housing financial system that the GSEs serve demands the best in supervision to ensure the long-term vitality of that system. Therefore, the Administration has called for a new, first class, regulatory supervisor for the three housing GSEs: Fannie Mae, Freddie Mac, and the Federal Home Loan Banking System." (Samuel Bodman, House Financial Services Subcommittee on Oversight and Investigations Testimony, 6/16/04)

2005

April: Then-Secretary Snow repeats his call for GSE reform, saying "Events that have transpired since I testified before this Committee in 2003 reinforce concerns over the systemic risks posed by the GSEs and further highlight the need for real GSE reform to ensure that our housing finance system remains a strong and vibrant source of funding for expanding homeownership opportunities in America Half-measures will only exacerbate the risks to our financial

system." (Secretary John W. Snow, "Testimony Before The U.S. House Financial Services Committee," 4/13/05)

July: Then-Minority Leader Harry Reid rejects legislation reforming GSEs, "while I favor improving oversight by our federal housing regulators to ensure safety and soundness, we cannot pass legislation that could limit Americans from owning homes and potentially harm our economy in the process." ("Dems Rip New Fannie Mae Regulatory Measure," United Press International, 7/28/05)

2007

August: President Bush emphatically calls on Congress to pass a reform package for Fannie Mae and Freddie Mac, saying "first things first when it comes to those two institutions. Congress needs to get them reformed, get them streamlined, get them focused, and then I will consider other options." (President George W. Bush, Press Conference, the White House, 8/9/07)

August: Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd ignores the President's warnings and calls on him to "immediately reconsider his ill-advised" position. (Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected, As Critics Complain Of Opportunism," The New York Times, 8/11/07)

December: President Bush again warns Congress of the need to pass legislation reforming GSEs, saying "These institutions provide liquidity in the mortgage market that benefits millions of homeowners, and it is vital they operate safely and operate soundly. So I've called on Congress to pass legislation that strengthens independent regulation of the GSEs and ensures they focus on their important housing mission. The GSE reform bill passed by the House earlier this year is a good start. But the Senate has not acted. And the United States Senate needs to pass this legislation soon." (President George W. Bush, Discusses Housing, the White House, 12/6/07)

2008

February: Assistant Treasury Secretary David Nason reiterates the urgency of reforms, saying "A new regulatory structure for the housing GSEs is essential if these entities are to continue to perform their public mission successfully." (David Nason, Testimony On Reforming GSE Regulation, Senate Committee On Banking, Housing And Urban Affairs, 2/7/08)

March: President Bush calls on Congress to take action and "move forward with reforms on Fannie Mae and Freddie Mac. They need to continue to modernize the FHA, as well as allow State housing agencies to issue tax-free

bonds to homeowners to refinance their mortgages." (President George W. Bush, Remarks To The Economic Club Of New York, New York, NY, 3/14/08)

April: President Bush urges Congress to pass the much needed legislation and "modernize Fannie Mae and Freddie Mac. [There are] constructive things Congress can do that will encourage the housing market to correct quickly by helping people stay in their homes." (President George W. Bush, Meeting With Cabinet, the White House, 4/14/08)

May: President Bush issues several pleas to Congress to pass legislation reforming Fannie Mae and Freddie Mac before the situation deteriorates further.

◦ "Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow state housing agencies to issue tax-free bonds to refinance sub-prime loans." (President George W. Bush, Radio Address, 5/3/08)

◦ "[T]he government ought to be helping creditworthy people stay in their homes. And one way we can do that and Congress is making progress on this is the reform of Fannie Mae and Freddie Mac. That reform will come with a strong, independent regulator." (President George W. Bush, Meeting With The Secretary Of The Treasury, the White House, 5/19/08)

◦ "Congress needs to pass legislation to modernize the Federal Housing Administration, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance subprime loans." (President George W. Bush, Radio Address, 5/31/08)

June: As foreclosure rates continued to rise in the first quarter, the President once again asks Congress to take the necessary measures to address this challenge, saying "we need to pass legislation to reform Fannie Mae and Freddie Mac." (President George W. Bush, Remarks At Swearing In Ceremony For Secretary Of Housing And Urban Development, Washington, D.C., 6/6/08)

July: Congress heeds the President's call for action and passes reform legislation for Fannie Mae and Freddie Mac as it becomes clear that the institutions are failing.

September: Democrats in Congress forget their previous objections to GSE reforms, as Senator Dodd questions "why weren't we doing more, why did we wait almost a year before there were any significant steps taken to try to deal with this problem? I have a lot of questions about where was the administration over the last eight years." (Dawn Kopecki, "Fannie Mae, Freddie 'House Of Cards' Prompts Takeover," Bloomberg, 9/9/08)

its all well and good. How many bills came up for a vote.

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Truth...

 

Being a libertarian, I can look at both sides objectively and to hear libers continue to say that Bush was solely responsible for the economic downturn in 2008 is just pure horse [excrement]. Liberals are like classic narcissist, they never see their own fault but are quick to blame someone else.

 

 

  • In 2007, a family of four earning $40,000 saved an average of $2,053 thanks to the President's tax relief.

The President's tax relief was followed by increases in tax revenue. From 2005 to 2007, tax revenues grew faster than the economy. The ratio of receipts to GDP rose to 18.8 percent in 2007, above the 40-year average. Between 2004 and 2006, capital gains realizations grew by approximately 60 percent. Growth in corporate income tax receipts was especially strong in the President's second term, nearly doubling between 2004 and 2007 and contributing a full percentage point to the increase in the total federal receipts-to-GDP share.

The President's tax relief has shifted a larger share of the individual income taxes paid to higher-income taxpayers. With nearly all of the tax relief provisions fully in effect, the President's tax relief reduced the share of taxes paid by the bottom 50 percent of taxpayers from 3.9 percent in 2000 to 3.1 percent in 2005, the latest year of available data, while increasing the share paid by the top 10 percent from 46.0 to 46.4 percent.

President Bush Led The Response To The Financial Crisis Of 2008

This unprecedented economic growth was ended by the turbulence in the housing and credit markets, to which the President responded with bold action. President Bushaddressed the weakness in the economy early in 2008 by leading the bipartisan passage of an economic growth package that boosted consumer spending and encouraged businesses to expand, returning more than $96 billion to Americans. When the financial crisis intensified, President Bush led the passage and implementation of a rescue plan that helped address the root of the financial crisis, protected the deposits of individuals and small businesses, and helped enable credit to remain available to individuals and families. Moreover, he convened a summit with the leaders of the G-20 nations to discuss efforts to strengthen economic growth, deal with the financial crisis, reaffirm a commitment to free market principles, and lay the foundation for reform to help ensure that a similar crisis does not happen again.

  • The Administration warned of the risk that government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac posed to America's financial security beginning in 2001. President Bush's first budget warned that "financial trouble of a large GSE could cause strong repercussions in financial markets." In 2003, the Administration began calling for a new GSE regulator. Despite resistance from Congress, President Bush continued to call for GSE reform until Congress finally acted in 2008 to provide the additional oversight the President requested five years earlier. Unfortunately, the reform came too late to prevent systemic consequences.

 

http://georgewbush-whitehouse.archives.gov/infocus/bushrecord/factsheets/taxrelief.html

Democrats always lie! When Americans will finally understand, that two-party system doesn't work? There is the lack of choice. They need to not have extreme views, so they both are very similar because their options are limited.

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Your dreaming if you think these lightweights are the richest men in the world.. But you are right all of the superelite are socialists. thats because they are one worlders. and the NWO needs socialism to create a 1 world government. Libs are dupes if they think the NWO really has any sympathy for the poor. They just want the other rich guys like Koch brothers out of the way so there will be no resistance.

I get your point...but some of the other huge wealth is group/family wealth.

 

Another thing liberals can hate.

 

It's a done did deal...

 

 

http://www.mrctv.org/videos/nbc-gives-news-christie-innocent-bridgegate-scandal-38-secs-devoted-nearly-5-mins-when-it-broke

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Truth...

 

Being a libertarian, I can look at both sides objectively and to hear libers continue to say that Bush was solely responsible for the economic downturn in 2008 is just pure horse [excrement]. Liberals are like classic narcissist, they never see their own fault but are quick to blame someone else.

 

 

  • In 2007, a family of four earning $40,000 saved an average of $2,053 thanks to the President's tax relief.

The President's tax relief was followed by increases in tax revenue. From 2005 to 2007, tax revenues grew faster than the economy. The ratio of receipts to GDP rose to 18.8 percent in 2007, above the 40-year average. Between 2004 and 2006, capital gains realizations grew by approximately 60 percent. Growth in corporate income tax receipts was especially strong in the President's second term, nearly doubling between 2004 and 2007 and contributing a full percentage point to the increase in the total federal receipts-to-GDP share.

The President's tax relief has shifted a larger share of the individual income taxes paid to higher-income taxpayers. With nearly all of the tax relief provisions fully in effect, the President's tax relief reduced the share of taxes paid by the bottom 50 percent of taxpayers from 3.9 percent in 2000 to 3.1 percent in 2005, the latest year of available data, while increasing the share paid by the top 10 percent from 46.0 to 46.4 percent.

President Bush Led The Response To The Financial Crisis Of 2008

This unprecedented economic growth was ended by the turbulence in the housing and credit markets, to which the President responded with bold action. President Bushaddressed the weakness in the economy early in 2008 by leading the bipartisan passage of an economic growth package that boosted consumer spending and encouraged businesses to expand, returning more than $96 billion to Americans. When the financial crisis intensified, President Bush led the passage and implementation of a rescue plan that helped address the root of the financial crisis, protected the deposits of individuals and small businesses, and helped enable credit to remain available to individuals and families. Moreover, he convened a summit with the leaders of the G-20 nations to discuss efforts to strengthen economic growth, deal with the financial crisis, reaffirm a commitment to free market principles, and lay the foundation for reform to help ensure that a similar crisis does not happen again.

  • The Administration warned of the risk that government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac posed to America's financial security beginning in 2001. President Bush's first budget warned that "financial trouble of a large GSE could cause strong repercussions in financial markets." In 2003, the Administration began calling for a new GSE regulator. Despite resistance from Congress, President Bush continued to call for GSE reform until Congress finally acted in 2008 to provide the additional oversight the President requested five years earlier. Unfortunately, the reform came too late to prevent systemic consequences.

 

http://georgewbush-whitehouse.archives.gov/infocus/bushrecord/factsheets/taxrelief.html

 

 

Libers just hate this truth. They were just hoping this thread would die so they can go on about lying.

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its all well and good. How many bills came up for a vote.

its all well and good. How many bills came up for a vote.

 

Liberals deliberately crashed the American economy for political gain.

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