Monday, January 18, 2010

Blame Bush Part 5,673

Laugh Out Loud!!!!

"Rep. Patrick Kennedy (D-RI), speaking with a gaggle of reporters after the event, said that while state Sen. Scott Brown (R) offers voters a quick fix, in reality, the problems created by "George Bush and his cronies" are not so easily solved."

"One thing the Democrats have done wrong? We haven't kept the focus on this disaster on the Republicans who brought it upon us. We've tried too hard to do that right thing, and that's to fix it, as opposed to spend more of our time and energy pointing the finger at who got us [here] in the first place."

OMG will it never end, the finger pointing? The blame? When will the Dems grow up and take responsibility for their own mess?

Well gee Kennedy, who DID get us here?

"Sept. 10 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.

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.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken."

Wait for it.....

"These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis," said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."

There ya go. Any questions?

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