Oh My! Who Are You Going To Blame NOW, Obama??!!

@rodney850 (2145)
United States
September 20, 2008 2:28pm CST
In the following article it is pointed out that president Bush (that's GWB) sent a plan to congress five years ago that could and probably would have avoided the Freddie and Fannie meltdown! What Happened? The democrats blocked it!! http://hotair.com/archives/2008/09/16/whose-policies-led-to-the-credit-crisis/ Now I know a bunch of you liberals wont pay any atention to this first site but what about one of your liberal media sites? Check out the same information from the New York Times: http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63&sec=&spon=&pagewanted=print
2 people like this
3 responses
@soccermom (3200)
• United States
21 Sep 08
I really feel like I may be throwing myself in amongst the wolves here, but I do have a question or two. Bush submitted this plan in 2003, if memory serves me correctly wasn't Congress still Republican controlled in 2003? Every bill that was proposed in regards to this, by both Democrats and Republicans that year never made it past committee. I fail to see how Chris Ddd could've blocked anything that McCain proposed in 2005, considering the Congress was still Republican controlled. It is very unclear what happened to this bill when it got to the senate, whenther it's failure to move was Republican leadership or Democrat filibuster threats. Filibuster may have been a possibility in 2005, but clearly not in 2003-2004, all the Republicans had to do was move the bill past committee and get it to the floor, all they had to do was vote among party lines, and that clearly didn't happen. It's an example of failed leadership. And honestly what does Obama have to do with a bill that was proposed in 2003? He was still a member of the Illinois State Legislature at that point in time. Not anywhere near Congress. Didn't Nancy Pelosi (who I'm not a huge fan of) did propose a bill in July 2007, HR-3221, that was a "bill to provide needed housing reform and for other purposes", it granted the Federal Housing Finance agency "supervisory and regulatory authority over Fannie Mae, Freddie Mac, and the federal home loan banks (enterprises)". It became law in December 2007. So what happened to it? I think what's really being lost here is that those in charge at Freddie and Fannie falsified their records, and betrayed an implied trust. I'm not so sure this mess can be blamed on any one political party.
1 person likes this
• United States
21 Sep 08
Yes Congress was re[publican controlled, but if you recall the majority was a very narrow margin, and there was no way to get this passed with all of the opposition from the democrats with all of the political maneuvers that essentially blocked legislation. Nice try though...
@soccermom (3200)
• United States
22 Sep 08
Could you tell me what political maneuvers? Seriously, I'm working on my ignorance hear before it turns into a full blown case of stupid. Like I said before, I'm not so sure this can beblamed on any one political party, they all have had their hands in the cookie jar at one point or another. Maybe instead of finger pointing and placing blame like a bunch of children they should all come clean and start focusing on the solution.
@soccermom (3200)
• United States
22 Sep 08
Sorry for the typos, I just woke up. LOL
@Destiny007 (5820)
• United States
20 Sep 08
There was a shell game alright, and it was being run by the democrats. Barney Frank bears a lot of responsibility for that, as do many other liberals. They should be removed from office and face ethics investigations over their duplicity. Obama has been taking campaign contributions from these guys, and has several of them as his advisers, which tells me that he is surrounding himself with thew wrong people. He has proven himself time and again to be clueless on the economy... and yet he is blaming the problems on Bush and claiming that McCain would be more of the same. It seems like Bush and rthe republicans were right, and that the democrats were playing political games with our future. Well, guess what... they were wrong and it should now blow up in their faces. They need to take responsibility for their own bad decisions and mistakes.
1 person likes this
@rodney850 (2145)
• United States
20 Sep 08
Destiny, Thanks for the comment. I have just run across another article that shows McCain tried to no avail to do the same thing in may of 2006! I will post the article site and the part about McCain is at the bottom, the top part is just about Bush trying in 2003. http://sweetness-light.com/archive/bush-mccain-tried-to-reform-housing-finance
1 person likes this
@rodney850 (2145)
• United States
20 Sep 08
Oops, it was in 2005!
• United States
20 Sep 08
What an embarrassment for Obama!!!! How will get get out of this latest gaffe. Flip flop again? He must have lousy advisers on his team if they do not do some research before letting their boss open his mouth and put his foot in it.