Monday, December 1, 2008

HEY GUESS WHAT AMERICA! WE REALLY ARE IN A RECESSION

AND THE GOVERNMENT KNEW ABOUT IT TWO YEARS AGO
WASHINGTON - The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial meltdown, according to an Associated Press review of regulatory documents.
Bowing to aggressive lobbying — along with assurances from banks that the troubled mortgages were OK — regulators delayed action for nearly one year. By the time new rules were released late in 2006, the toughest of the proposed provisions were gone and the meltdown was under way.

So, this is the gift that President Bush leaves us with as he shuffles his goofy ass out of office. He did not act on it then because this was his second term and shoot, not his problem anymore. If we take everything that has happened to this country while he was Commander In Chief then add this cherry to it.....doesn't the fact that they almost kicked Clinton out of office for lying about getting a blow job seem insignificant?
Let me say it the only way I know how. Fuck you Mr. Bush. For those of you who voted for him again in 2004.....TA DA!!! At least under Clinton we had peace and prosperity, you know in the long long ago.

2 comments:

Anonymous said...

YEAH !!!

fern said...

I liked it better when you ragged on Diddy and all the other idiots in the world, don't really care for Political bashing. Something about Politics that causes tooooo much friction.