Wednesday, August 19, 2009

Rich you are wrong again

Rich's being wrong about things is becoming the rule. The other day he disagreed with his buddy Terry when Terry pointed out that the country as a whole is right of center. Rich went on to say that the country is actually left of center depending on how many voters turn out. Well I am sure you have seen the latest polling data from Gallup which shows you are wrong again.
http://www.gallup.com/poll/120857/conservatives-single-largest-ideological-group.aspx
If Barry keeps trying to ram spending and socialist programs through the Democratic party will suffer their Waterloo in 2010 and Barry will be a one term President.

Rich also keeps claiming that I am lying when I say that President Bush tried to regulate Fannie Mae and Freddie Mac. The following is from that bastion of Conservative news the NY Times.
http://www.nytimes.com/2003/09/11/business/new-agency-proposed-to-oversee-freddie-mac-and-fannie-mae.html?sec=&spon=&pagewanted=print

From the beginning of the Pravda article:
"The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago."
"Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry."

http://www.nytimes.com/2005/04/06/business/06cnd-fannie.html

From another Conservative giant the Washington Post http://www.washingtonpost.com/wp-dyn/content/article/2008/09/11/AR2008091102841.html
"During this period, Sen. Richard Shelby led a small group of legislators favoring reform, including fellow Republican Sens. John Sununu, Chuck Hagel and Elizabeth Dole. Meanwhile, Dodd -- who along with Democratic Sens. John Kerry, Barack Obama and Hillary Clinton were the top four recipients of Fannie and Freddie campaign contributions from 1988 to 2008 -- actively opposed such measures and further weakened existing regulation. "

"Bush got involved in the effort personally, speaking out for the cause of reform: "Congress needs to pass legislation strengthening the independent regulator of government-sponsored enterprises like Freddie Mac and Fannie Mae, so we can keep them focused on the mission to expand home ownership," he said in December. He even mentioned GSE reform in this year's State of the Union address. "

Rep. Barney Frank (D-Mass.) said the following on Sept. 11, 2003: "We see entities that are fundamentally sound financially. . . . And even if there were a problem, the federal government doesn't bail them out."
Sen. Thomas Carper (D-Del.), later that year: "If it ain't broke, don't fix it."
As recently as last summer, when housing prices had clearly peaked and the mortgage market had started to seize up, Dodd called on Bush to "immediately reconsider his ill-advised" reform proposals. Frank, now chairman of the House Financial Services Committee, said that the president's suggestion for a strong, independent regulator of Fannie and Freddie was "inane."

So Rich where exactly did I lie when I stated that Democrats blocked President Bush's attempts to increase regulation of Fannie Mae and Freddie Mac? It is now obvious that you did not watch any of the videos about this that were placed on this blog during it's earlier times. Before you call someone a liar you need to actually do some research.

3 comments:

Baxter said...

Mark - There was no bill brought to a vote. I have long said that Fannie/Freddie enjoyed widespread bipartisan support. The president used the bully pulpit a little - but there was never even a vote on F/F reform.
Whatever happened with his proposal? Bush had a monopoly on power and couldn't even get Hastert, Lott or Frist to bring a bill to the floor.

Also - F/F did not bring us the meltdown. The Good Doc will agree, after reading and watching topical stories. The unregulated securitization of mortgages - under a deregulating administration - is the primary cause.

Baxter said...

I say again Mark, perhaps I need to speak more slowly for you - the Democrats could block nothing. The minority has no power in the House. There was never a Filibuster on this topic in the Senate. The Dems didn't block anything! They couldn't and didn't need to!

Now that you know, suggesting otherwise is-a-lie.

Mark R. said...

Did you actually read the articles? For you to say that President Bush did not try to get more regulations on Freddie and Fannie shows that you don't even know how to read. Maybe you are intelligent to watch video instead.
http://www.youtube.com/watch?v=y4A0RuXhnQA
http://www.youtube.com/watch?v=hxMInSfanqg

http://answers.yahoo.com/question/index?qid=20080921163427AA3V9cJ

I never said that it was just Democrats who blocked any reforms. Read what I wrote, think about it and then write a post based on the actual words. Obviously there had to be republicans involved to stop the reform but it is a lie to say that President Bush did not try to increase regulation of Fannie Mae and Freddie Mac. In 2005 Senator McCain cosponsored the s.190
Federal Housing Enterprise Regulatory Reform Act Of 2005. For you to say I lied when I stated that President Bush tried to regulate Fannie Mae and Freddie Mac shows that you have trouble reading and comprehending what the words say. No wonder you voted for another lying machine like Barry. However the key here is the self serving of people like Barney Frank, Chris Dodd and our current President who put themselves above the good of the country. Follow the money trail. They should all be run out on a rail.