People blame the 2008 crash on Bush, but they forget that Bush was made into a “lame duck” president in the 2006 election when Democrats took Congress. The Bush Administration warned repeatedly about Fanny Mae and Freddy Mac and what thus became the 2008 financial crisis. Democrats resisted and kept to their party line, extending loans to people who couldn’t afford them –– just like you would expect of socialists.
The next time someone talks about the Obama inheriting the “Bush economy”, inform them about these facts.
People blame the 2008 crash on Bush, but they forget that Bush was made into a “lame duck” president in the 2006 election when Democrats took Congress. The Bush Administration warned repeatedly about Fanny Mae and Freddy Mac and what thus became the 2008 financial crisis. Democrats resisted and kept to their party line, extending loans to people who couldn’t afford them –– just like you would expect of socialists.
The next time someone talks about the Obama inheriting the “Bush economy”, inform them about these facts.