The central tenet of Trumpism

mark francis said:
GWB had no time left in his term to help cleanup the financial collapse mess primarily caused by the very bad Commodity Futures Modernization Act of 2000.
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"U.S. Economy Screwed"
January 13, 2008
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"The "bad debt" problem is not just "sub-prime" folks who should never have have taken out mortgages in the first place. It includes credit card debt, "high quality" mortgages, car loans, and other leverage that have recently become a consumer way of life."
 
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mark francis said:
GWB had no time left in his term to help cleanup the financial collapse mess primarily caused by the very bad Commodity Futures Modernization Act of 2000.
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Juniorbush caused the mess. He failed to prevent 9-11, then he mongered a totally useless war.
 
pjmret said:
A cartoon lol
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While some posters here praise leftist publications and denigrate conservative publicans I do not. Leftist rags and leftist reporters have a history of twisting facts into falsities and should not be trusted. I posted a meme of Brian Williams whom you labeled a "cartoon." Brian Williams is just one of likely hundreds of well-respected journalists working for well-respected news organizations that shamelessly lied on air, proving neither he nor NBC can be trusted to always tell the truth.

Williams was NBC News' top anchor from 2004 until 2015, when he was suspended for falsely claiming that he had been in a helicopter hit by enemy fire during the Iraq War. A subsequent investigation found that he had made other inaccurate statements about his experiences covering events, and he lost the job.
 
Boris Norris said:
How did I know you would say that.
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GWB attempted to avert the impending financial collapse of 2008 years earlier but the democrats blocked his efforts. For those who may be interested here are facts:

Setting the Record Straight: Six Years of Unheeded Warnings for GSE Reform

Today, the Washington Times incorrectly accused the White House of ignoring warnings of trouble ahead for government-sponsored enterprises (GSEs) and neglecting to "adopt any reform until this summer," when it was too late. "Neither the White House nor Congress heeded the warnings, Fannie and...
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Office of the Press Secretary
October 9, 2008​
Setting the Record Straight: Six Years of Unheeded Warnings for GSE Reform
The Washington Times Fails To Research The Administration's Efforts To Reform Fannie Mae And Freddie Mac



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Setting the Record Straight
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In Focus: Economy
Today, the Washington Times incorrectly accused the White House of ignoring warnings of trouble ahead for government-sponsored enterprises (GSEs) and neglecting to "adopt any reform until this summer," when it was too late. "Neither the White House nor Congress heeded the warnings, Fannie and Freddie retained strong bipartisan support during the 1990s and early part of this decade." (Editorial, "Hear, See And Speak No Evil About Fannie And Freddie," The Washington Times, 10/9/08)
Over the past six years, the President and his Administration have not only warned of the systemic consequences of failure to reform GSEs but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. In fact, it was Congress that flatly rejected President Bush's call more than five years ago to reform the GSEs. Over the years, the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems with the GSEs.
 

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mark francis said:
GWB attempted to avert the impending financial collapse of 2008 years earlier but the democrats blocked his efforts. For those who may be interested here are facts:

Setting the Record Straight: Six Years of Unheeded Warnings for GSE Reform

Today, the Washington Times incorrectly accused the White House of ignoring warnings of trouble ahead for government-sponsored enterprises (GSEs) and neglecting to "adopt any reform until this summer," when it was too late. "Neither the White House nor Congress heeded the warnings, Fannie and...
georgewbush-whitehouse.archives.gov

The White House​

​

News
Click to expand...
2001
  • April: The Administration's FY02 budget declares that the size of Fannie Mae and Freddie Mac is "a potential problem," because "financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity." (2002 Budget Analytic Perspectives, pg. 142)
2002
  • May: The Office of Management and Budget (OMB) calls for the disclosure and corporate governance principles contained in the President's 10-point plan for corporate responsibility to apply to Fannie Mae and Freddie Mac. (OMB Prompt Letter to OFHEO, 5/29/02)
2003
  • February: The Office of Federal Housing Enterprise Oversight (OFHEO) releases a report explaining that unexpected problems at a GSE could immediately spread into financial sectors beyond the housing market.
  • September: Then-Treasury Secretary John Snow testifies before the House Financial Services Committee to recommend that Congress enact "legislation to create a new Federal agency to regulate and supervise the financial activities of our housing-related government sponsored enterprises" and set prudent and appropriate minimum capital adequacy requirements.
  • September: Then-House Financial Services Committee Ranking Member Barney Frank (D-MA) strongly disagrees with the Administration's assessment, saying "these two entities – Fannie Mae and Freddie Mac – are not facing any kind of financial crisis … The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." (Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae," The New York Times, 9/11/03)
  • October: Senator Thomas Carper (D-DE) refuses to acknowledge any necessity for GSE reforms, saying "if it ain't broke, don't fix it." (Sen. Carper, Hearing of Senate Committee on Banking, Housing, and Urban Affairs, 10/16/03)
  • November: Then-Council of the Economic Advisers (CEA) Chairman Greg Mankiw explains that any "legislation to reform GSE regulation should empower the new regulator with sufficient strength and credibility to reduce systemic risk." To reduce the potential for systemic instability, the regulator would have "broad authority to set both risk-based and minimum capital standards" and "receivership powers necessary to wind down the affairs of a troubled GSE." (N. Gregory Mankiw, Remarks At The Conference Of State Bank Supervisors State Banking Summit And Leadership, 11/6/03)
2004
  • February: 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 calls for creation of a new, world-class regulator: "The Administration has determined that the safety and soundness regulators of the housing GSEs lack sufficient power and stature to meet their responsibilities, and therefore … should be replaced with a new strengthened regulator." (2005 Budget Analytic Perspectives, pg. 83)
  • February: Then-CEA Chairman Mankiw cautions Congress to "not take [the financial market's] strength for granted." Again, the call from the Administration was to reduce this risk by "ensuring that the housing GSEs are overseen by an effective regulator." (N. Gregory Mankiw, Op-Ed, "Keeping Fannie And Freddie's House In Order," Financial Times, 2/24/04)
  • April: Rep. Frank ignores the warnings, accusing the Administration of creating an "artificial issue." At a speech to the Mortgage Bankers Association conference, Rep. Frank said "people tend to pay their mortgages. I don't think we are in any remote danger here. This focus on receivership, I think, is intended to create fears that aren't there." ("Frank: GSE Failure A Phony Issue," American Banker, 4/21/04)
  • June: Then-Treasury Deputy Secretary Samuel Bodman spotlights the risk posed by the GSEs and calls for reform, saying "We do not have a world-class system of supervision of the housing government sponsored enterprises (GSEs), even though the importance of the housing financial system that the GSEs serve demands the best in supervision to ensure the long-term vitality of that system. Therefore, the Administration has called for a new, first class, regulatory supervisor for the three housing GSEs: Fannie Mae, Freddie Mac, and the Federal Home Loan Banking System." (Samuel Bodman, House Financial Services Subcommittee on Oversight and Investigations Testimony, 6/16/04)
 
mark francis said:
The White House
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2005
  • April: Then-Secretary Snow repeats his call for GSE reform, saying "Events that have transpired since I testified before this Committee in 2003 reinforce concerns over the systemic risks posed by the GSEs and further highlight the need for real GSE reform to ensure that our housing finance system remains a strong and vibrant source of funding for expanding homeownership opportunities in America … Half-measures will only exacerbate the risks to our financial system." (Secretary John W. Snow, "Testimony Before The U.S. House Financial Services Committee," 4/13/05)
  • July: Then-Minority Leader Harry Reid rejects legislation reforming GSEs, "while I favor improving oversight by our federal housing regulators to ensure safety and soundness, we cannot pass legislation that could limit Americans from owning homes and potentially harm our economy in the process." ("Dems Rip New Fannie Mae Regulatory Measure," United Press International, 7/28/05)
2007
  • August: 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." (President George W. Bush, Press Conference, the White House, 8/9/07)
  • August: Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd ignores the President's warnings and calls on him to "immediately reconsider his ill-advised" position. (Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected, As Critics Complain Of Opportunism," The New York Times, 8/11/07)
  • December: President Bush again warns Congress of the need to pass legislation reforming GSEs, saying "These institutions provide liquidity in the mortgage market that benefits millions of homeowners, and it is vital they operate safely and operate soundly. So I've called on Congress to pass legislation that strengthens independent regulation of the GSEs – and ensures they focus on their important housing mission. The GSE reform bill passed by the House earlier this year is a good start. But the Senate has not acted. And the United States Senate needs to pass this legislation soon." (President George W. Bush, Discusses Housing, the White House, 12/6/07)
2008
  • February: Assistant Treasury Secretary David Nason reiterates the urgency of reforms, saying "A new regulatory structure for the housing GSEs is essential if these entities are to continue to perform their public mission successfully." (David Nason, Testimony On Reforming GSE Regulation, Senate Committee On Banking, Housing And Urban Affairs, 2/7/08)
  • March: 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." (President George W. Bush, Remarks To The Economic Club Of New York, New York, NY, 3/14/08)
  • April: President Bush urges Congress to pass the much needed legislation and "modernize Fannie Mae and Freddie Mac. [There are] constructive things Congress can do that will encourage the housing market to correct quickly by … helping people stay in their homes." (President George W. Bush, Meeting With Cabinet, the White House, 4/14/08)
  • May: President Bushissues several pleas to Congress to pass legislation reforming Fannie Mae and Freddie Mac before the situation deteriorates further.
    • "Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow state housing agencies to issue tax-free bonds to refinance sub-prime loans." (President George W. Bush, Radio Address, 5/3/08)
    • "[T]he government ought to be helping creditworthy people stay in their homes. And one way we can do that – and Congress is making progress on this – is the reform of Fannie Mae and Freddie Mac. That reform will come with a strong, independent regulator." (President George W. Bush, Meeting With The Secretary Of The Treasury, the White House, 5/19/08)
    • "Congress needs to pass legislation to modernize the Federal Housing Administration, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance subprime loans." (President George W. Bush, Radio Address, 5/31/08)
  • June: As foreclosure rates continued to rise in the first quarter, the President once again asks Congress to take the necessary measures to address this challenge, saying "we need to pass legislation to reform Fannie Mae and Freddie Mac." (President George W. Bush, Remarks At Swearing In Ceremony For Secretary Of Housing And Urban Development, Washington, D.C., 6/6/08)
  • July: Congress heeds the President's call for action and passes reform legislation for Fannie Mae and Freddie Mac as it becomes clear that the institutions are failing.
  • September: Democrats in Congress forget their previous objections to GSE reforms, as Senator Dodd questions "why weren't we doing more, why did we wait almost a year before there were any significant steps taken to try to deal with this problem? … I have a lot of questions about where was the administration over the last eight years." (Dawn Kopecki, "Fannie Mae, Freddie 'House Of Cards' Prompts Takeover," Bloomberg, 9/9/08)


 
mark francis said:
While some posters here praise leftist publications and denigrate conservative publicans I do not. Leftist rags and leftist reporters have a history of twisting facts into falsities and should not be trusted. I posted a meme of Brian Williams whom you labeled a "cartoon." Brian Williams is just one of likely hundreds of well-respected journalists working for well-respected news organizations that shamelessly lied on air, proving neither he nor NBC can be trusted to always tell the truth.

Williams was NBC News' top anchor from 2004 until 2015, when he was suspended for falsely claiming that he had been in a helicopter hit by enemy fire during the Iraq War. A subsequent investigation found that he had made other inaccurate statements about his experiences covering events, and he lost the job.
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You just post stupid cartoons as if they prove something lol
 
pjmret said:
You just post stupid cartoons as if they prove something lol
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This is not fake news or a cartoon. This is real.

variety.com

NBC’s Brian Williams Admits He Told False Story About Iraq Expedition

The most-watched evening-news anchor on television today has acknowledged that he falsely claimed to have been on a helicopter that was shot down by enemy fire while on an NBC News reporting trip in Iraq in 2003.
variety.com variety.com

NBC’s Brian Williams Admits He Told False Story About Iraq Expedition​

 
Gabriel_Bell said:
The Greatest champion is a coming! You can smell him from afar! The rape treasonous diapered champion of ignorami!
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And he is beating the current President Joe BIBEN in the polls in almost every state.
Yes hes convicted of crimes and still facing more yet besides all of that Joe Biden has sucked so much he is losing in almost every state by this guy you hate so much. lol you have even wished him dead .
Do you see anyone here wishing Biden dead. And your allegedly a educated man with a PhD. Talk about real ignorance .
 
mark francis said:
This is not fake news or a cartoon. This is real.

variety.com

NBC’s Brian Williams Admits He Told False Story About Iraq Expedition

The most-watched evening-news anchor on television today has acknowledged that he falsely claimed to have been on a helicopter that was shot down by enemy fire while on an NBC News reporting trip in Iraq in 2003.
variety.com variety.com

NBC’s Brian Williams Admits He Told False Story About Iraq Expedition​

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Why should I care whether he was in a helicopter crash or not? Did someone make money from this?

With regard to media, I, like anyone who reads or watches the media, knows that no report is likely to be 100% accurate 100% of the time. But the idiot MAGA nuts claim that because the NYT to the WAPO made an error in 2019, then everything they publish is a lie, well, that is just stupid. The consumer simply has to learn whom to believe and when.
Fox, NewsMax, and Faling Gong Epoch Times are deliberately biased and much of what they report is just propaganda.
 
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mark francis said:
This is not fake news or a cartoon. This is real.

variety.com

NBC’s Brian Williams Admits He Told False Story About Iraq Expedition

The most-watched evening-news anchor on television today has acknowledged that he falsely claimed to have been on a helicopter that was shot down by enemy fire while on an NBC News reporting trip in Iraq in 2003.
variety.com variety.com

NBC’s Brian Williams Admits He Told False Story About Iraq Expedition​

Click to expand...
You really are desperate to dig up old irrelevant things when I laugh at you about the stupid post you make LOL
 

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