Please name some of Bush’s Policies?
I keep hearing liberals talking about Bush’s policies that ruined the economy. Can anyone name any of these policies AND their direct effects on the economy?
I can name a couple, however they seem to contradict what liberals are claiming.
1) April 2001 – FY2002 Budget, Bush declares Fannie and Freddie out of control.
2) May 2002 – OMB Prompt Letter to OFHEO, 5/29/02, Bush calls for corporate regulation to apply to Fannie and Freddie.
3) September 2003 – Treasury Secretary Snow calls for “legislation to create a new Federal agency to regulate and supervise the financial activities of our housing-related government sponsored enterprises”
4) February 2004 – The President’s FY05 Budget again highlights the risk posed by the explosive growth of the GSEs and their low levels of required capital, and called for creation of a new, world-class regulator.
5) August 2005 – President Bush emphatically calls on Congress to pass a reform package for Fannie Mae and Freddie Mac, saying “first things first when it comes to those two institutions. Congress needs to get them reformed, get them streamlined, get them focused, and then I will consider other options.”
6) December 2005 – President Bush again warns Congress of the need to pass legislation reforming GSEs.
7) March 2008 – President Bush calls on Congress to take action and “move forward with reforms on Fannie Mae and Freddie Mac. They need to continue to modernize the FHA, as well as allow State housing agencies to issue tax-free bonds to homeowners to refinance their mortgages.”
Each time, these attempts by Bush were thwarted primarily by Democrats in Congress. Why do you claim it was Bush’s policies that screwed us?
Batik: This question was about the economy. You are quick to point out that Republicans held the majority in Congress until 2004. If you want to point fingers in this manner, I will remind you that until 2005 – when the Dems took control – the US economy experience UNPRECEDENTED growth with the lowest unemplyment rates in 30 years, the lowest relative inflation EVER, a GDP that dwarfed any since before the Carter Administration, and some of the lowest interest rates ever had.