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January 21, 2009



You should read Gagdad Bob who does a fantasy analysis of Obama's speech, especially in light of what Gil Bailie spoke of about the fatherlessness of our culture.



And what have you all to say about the previous leader, GWB, who did nothing but spend spend spend in the last 8 years? It's not like the man knew what he was doing...

Financial Crisis back and forth - Bush didn't do anything smart when it came to battling it.

miss kelly

Incorrect. Mr. Bush tried several times to get Congress to deal with the problem.


"Here's the lead of a New York Times story on Sept. 11, 2003: 'The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.' "

"Bush tried to act. Who stopped him? Congress, especially Democrats with their deep financial and patronage ties to the two government-sponsored enterprises, Fannie and Freddie."

Or here:
"This housing crisis didn't come out of nowhere. It was not a vague emanation of the evil Bush administration."

"It was a direct result of the political decision, back in the late 1990s, to loosen the rules of lending so that home loans would be more accessible to poor people. Fannie Mae and Freddie Mac were authorized to approve risky loans."

"...This financial crisis was completely preventable. The party that blocked any attempt to prevent it was ... the Democratic Party. The party that tried to prevent it was ... the Republican Party."


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