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Bush warns of threats to freedom, economic growth

Ethereal said:
Please, explain how lack of oversight, regulation, and transparency were the cause of the problem.
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he can't, but the Libbos can't seem to understand that this isn't Bush's fault.
 
Bush was at the helm when the bailouts were being discussed. Even if he has this miraculous insight now, nothing he did towards the end of his Presidency indicated that he acted accordingly. Government expansion is a bipartisan issue and so are the bailouts. Trying to paint it as otherwise is just going to polarize America further and prevent economic solutions from being sought with realistic expectations.

Bush is only partly right. Government intervention was needed to avoid imminent collapse, but that intervention did not come with repair of the broken system; it just came with financial handouts to sustain poor business practices. We're just going to see the same collapse within a few years and it will be worse. The sad thing is that I think most involved in politics will be too busy blaming the other side for the problems instead of admitting to collective faults in the system that everyone constructed.

The bickering combined with economic problems has the potential to be the end of the Republic as we know it.
 
Whip Comes Down said:
Explain how rejecting the view that the role of the government in economic matters should be more than just creating an environment where business can thrive, caused us to be a debtor nation?
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It's pretty easy to see. Intervening in the economy takes money. Giving poor people money costs money.
 
Now that is hilarious, Bush warns us of what again?:rofl
 
liblady said:
no bank was never forced to lend money to people who didn't qualify. are you at all familiar with CRA? it's ridiculous to write that, and it's ridiculous to believe that. THAT'S intellectually dishonest.
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I am prevented by the rules to respond as would prefer to this distortion of the facts and point everyone in the direction of them, rather relying on the Party line defense of the Dims (no spell error) to explain away the truth.
The Liberals like to claim the high ground from which they can make claims they can't back with facts and will not stand up yo the light of day.
he factors leading to our current economic problems are in fact in part a result of errors on the part of the Bush administration but pointing fingers now do nothing to help NOW.
Obama is doing everything wrong and that is clear as is shown in the 10.2% unemployment rate he said would not go above 8% if we spend 787 billion. We it' has make no positive impact and every example Obama claims is shot down as another lie to the point even the Lame Stream Obamedia is catching on.
Read and learn.

Dems push expanded Community Reinvestment Act; deny Act's role in mortgage meltdown; GOP cites ACORN connection | Washington Examiner
Republican critics point out that the Association of Community Organizations for Reform Now has used the CRA to pressure banks to pour money into ACORN and its affiliates, allowing ACORN to facilitate loans to clearly unqualified borrowers. Now, with ACORN under fire after a series of undercover videos showing ACORN workers in Baltimore, Washington DC, New York, and California openly encouraging prostitution, tax evasion, and other crimes, Republicans on the committee are citing the CRA-ACORN connection as yet another reason the Act should not be expanded
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Clearly the banks were under pressure from ACORN and anyone with half a brain now knows ACORN is a corrupt organization that will do or say anything to make money. In this case to get their cut from the loans they forced banks into.

If you take the time to look into it you will find that the idea of the Community-Reinvestment-Act was a good one on the surface with lofty goals it has been abused over the years and has infact contributed too the Economic problems we see today.

What's more crooks like Barney Franks want to expand an already proven failed system. You cannot count on a group of corrupt Dims to provide proper oversight when many of their own numbers are involved in questionable financial dealings. I suspect many Republicans are in the same boat, but as yet have not been found out.
 
Catz Part Deux said:
George W. Bush was the biggest threat to freedom and economic growth that this country has faced since 1941.
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That's some sort of ideologically distorted worldview. "It's ALL Bush's fault!" "He was the biggest threat to freedom"... Oh, brother...
 
There is something ironic....yet sadly unfunny about GWB talking about economic growth.:doh
 
reefedjib said:
That's some sort of ideologically distorted worldview. "It's ALL Bush's fault!" "He was the biggest threat to freedom"... Oh, brother...
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George W. Bush did more to undermine constitutional civil liberties than any president in recent memory. Are you really going to dispute this?

The man freaking incarcerated people without a trial and without counsel, and tortured them.

Jesus H. Christ.
 
Catz Part Deux said:
George W. Bush did more to undermine constitutional civil liberties than any president in recent memory. Are you really going to dispute this?
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Congress passed the Patriot Act, not Bush, if that is what you are referring to. Some civil liberties were going to be tightened after 9/11, that's undoubted.

Catz Part Deux said:
The man freaking incarcerated people without a trial and without counsel, and tortured them.

Jesus H. Christ.
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They were enemy combatants and not criminals and not deserving of the rights we extend to citizens. He did not torture them.
 
American said:
Link


Bush admits it was a mistake to have govt overinvolved in the private sector (i.e., bailouts).
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Bush is nothing more than a Republican lobbyist now. He needs to shut his pie hole.

He's only making that comment because it looks like the government is going to provide poor people with insurance at rates which Bush's big business butt-buddies cannot compete without sacrificing their 20 million dollar yearly bonuses.

**** Bush
**** the Republicans
**** big business
 
Ain't this a hoot and a holler. Big Government George Bush talking about the free markets is like a fat kid who eats junk food talking about fruits and vegetables.

Bush and his cronies expanded the government to unprecedented levels in modern day history. It took Bush 6 years to veto his bill. He added tremendous funding both economic and social regulations, but he harps about laissez-faire??? Just take a look at figures 3 and 4.
http://www.mercatus.org/uploadedFil...credible Growth of the Regulators' Budget.pdf

He expanded the DoE, funded NCLB, Hud, and oversaw the MMA, which is expected to cost $1.2 trillion over 10 years and gave the pharmaceutical industries protection against government negotiation and foreign imports, helping secure their 3rd highest profit margins out of any industry. And Bush talks about trade liberalization? What about sinking millions into agricultural subsidies that benefit large agribusinesses at the expense of 3rd world farmers?

We can still count on George Bush for the lulz.
 
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Ethereal said:
Please, explain how lack of oversight, regulation, and transparency were the cause of the problem.
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Maybe you should look at this video from a PBS documentary called, "The Warning", and then read the commentary in the Economic forum discussing same and then come back here (or post there) with your commentary. Maybe you'll think differently on the matter. But I'll sum things up this way:

Deregulation and the lack of regulatory oversight were the root causes to our current economic problem.

The housing market was the catalyst for the crisis.

Commercial banks, investment banks and insurance companies may not have been "forced" to give mortgage loans to people who couldn't afford them, but they certainly didn't seem to care about the ethical practises they used in order to take unprecidented risks for major financial rewards. And look at were greed got us...

The bottom line is this: One side (Conservatives) believed that less restrictions would spur economic growth, but the other side (Liberals) believed that not enough oversight would bring about undue risks. Both sides are right. It's a matter of how to balance both worlds - that's the real issue as I see it.
 
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Yes, the government has made things. Does that mean that the cost outweighs whatever benefit? That hasn't been proven. Even harder to prove was that the money spent on those projects was the best possible expense for that money.
 
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