Gaar, If it was a bad idea why didn't Busg simply veto it? God knows the Democrats did/do not have a big enough majority to over-ride a Presidential veto.
Did you miss the part where basically fucking laughed at your sole example of Bush's so called "attempt" to "stop" the current economic crisis? On Sep 16, 3:23 pm, Gaar <[EMAIL PROTECTED]> wrote: > You saw the part where the Democrats INCREASED the "Cap" on Fannie and > Freddie in that Legislation, right? > > You know, the stuff the White House was against, but Democrats > demanded in order to back the Bill. > > On Sep 16, 7:40 am, Hollywood <[EMAIL PROTECTED]> wrote: > > > > > gaar, > > > Interesting article. It was dated 1/24/08, which would make it a > > product of the Democrat-controlled Congress. > > The full title of the article is "White House, Congressional leaders > > Announce Deal On Economic Package Update." > > It was basically the rebates from earlier this year. > > Also interesting that the package DID NOT include extending > > unemployment insurance or providing funds for food stamps, both ideas > > Democrats had hoped for. > > > THIS is the sum total of the legislation you say Bush "tried" to pass > > that would have "stopped" the current economic troubles???????? > > > On Sep 16, 8:40 am, Gaar <[EMAIL PROTECTED]> wrote: > > > > On Sep 16, 6:33 am, Hollywood <[EMAIL PROTECTED]> wrote: > > > > > Tell me specifically what Bush tried that would have "stopped it". > > > >http://www.forbes.com/markets/feeds/afx/2008/01/24/afx4572366.html > > > > The House plan also calls for a temporary increase in the size of > > > mortgages that Fannie Mae (nyse: FNM - news - people ) and Freddie > > > Mac > > > (nyse: FRE - news - people ) can buy, to 730,000 usd from the current > > > 417,000. > > > > Paulson had opposed this component, because he wanted to use it as a > > > carrot to push Congress into passing legislation that would toughen > > > the regulatory structure of the two mortgage giants. > > > > 'But I got run down by a bipartisan steamroller,' Paulson told > > > reporters at the White House. > > > > Frank told reporters he assured Paulson that he would not pursue > > > legislation to further expand the conforming loan limits. And Senate > > > Banking Committee Chairman Christopher Dodd of Connecticut is > > > expected > > > to push legislation to strengthen federal regulation of the two > > > companies. > > > > Nonetheless, the federal regulator of the two companies, the Office > > > of > > > Federal Housing Enterprise Oversight (OFHEO), said it was > > > 'disappointed' that the stimulus package includes an expansion of the > > > conforming loan limit that is not part of increased regulatory > > > authority. > > > > 'We are very disappointed in the proposal to increase the conforming > > > loan limit as we believe it is a mistake to do so in the absence of > > > comprehensive GSE regulatory reform,' said OFHEO Director James > > > Lockhart.- Hide quoted text - > > > - Show quoted text -- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
