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View Full Version : Bush's warning... in 2001


911fever
03-27-2009, 07:33 PM
cMnSp4qEXNM

This video clearly shows that George Bush warned
Congress starting in 2001, that this economic crisis was
coming, if something was not done. But Congress refused to
listen, along with the arrogant Congressman, Barney Frank.
This video says it all.
3 million 600 hundred thousand views.
dezmarez
03-27-2009, 07:40 PM
wow!!!
barney frank is an idiot
HiTempguy1
03-27-2009, 08:23 PM
How dare you give Bush any credit whatsoever for saying or doing anything right! :nut:
Toma
03-27-2009, 08:30 PM
Hahahahha.... yeah, if you think that Freddie and Fannie CAUSED the economic crisis, versus being victims of it... lol :nut:

Typical Fox news, owned and operated by the republicans, shifting the blame.....
Toma
03-27-2009, 08:38 PM
Originally posted by 911fever
cMnSp4qEXNM

This video clearly shows that George Bush warned
Congress
No it doesn't.... it does not say Bush did anything.

The current financial meltdown is a result of reckless spending, and printing money with abandon, CAUSING inflation of housing and the cost of living, and devaluation of currencies.

The mortgage sector was a victim of this engineered scheme to rob people of their hard earned money.

SMART people have been warning of this since the 90's, they predicted the crash of 2001 would happen, it was just "convenient" that 9/11 happened, so "the powers that be" could shift blame on that, instead of a failing economy and flawed economic system.

Any system based on perpetual expansion and growth is fundamentally flawed.

Any system that BORROWS it entire currency base from a secret private institution at interest, which can never be paid back, is not only flawed, it is corrupt and frankly unbelievable.

In corporatist western "Fascism", if it's not growing, its dying, and why the US REALLY goes to war, overthrows governments and tries to bust open new markets.

But believe what you want lol... yeah, Bush was the light and Saviour, and not the war criminal and scumbag that he is. :rolleyes: :poosie:
ragu
03-27-2009, 09:01 PM
:whocares: :closed:
atgilchrist
03-27-2009, 09:56 PM
Originally posted by ragu
:whocares: :closed:

+1
Toma
03-27-2009, 10:17 PM
One of the only guys in the US Government that has a clue...

XWwbvHwmFzs
Toma
03-27-2009, 10:34 PM
Ron Paul, 1988

anmlPvmd1Ew
Canmorite
03-27-2009, 10:35 PM
Originally posted by Toma


The current financial meltdown is a result of reckless spending

People using their homes as ATMs (After getting a 120% loan to value ratio mortgage :poosie: ) Extremely loose regulations on deposits and proof of income, then packaging, securitization of those loans, somehow getting a AAA rating on them, defaults from owners who are completely upside down on their homes, securitized loans losing value, selling pressure on holdings to raise cash, etc etc...
Toma
03-27-2009, 10:43 PM
Originally posted by Canmorite


People using their homes as ATMs (After getting a 120% loan to value ratio mortgage :poosie: ) Extremely loose regulations on deposits and proof of income, then packaging, securitization of those loans, somehow getting a AAA rating on them, defaults from owners who are completely upside down on their homes, securitized loans losing value, selling pressure on holdings to raise cash, etc etc...
Reckless spending by the govt and of course printing money, along with the corrupt system propping up the Fed.

Average Joe citizen was just along for the ride.
old&slow
03-28-2009, 06:47 AM
Originally posted by Toma
Ron Paul, 1988

anmlPvmd1Ew

That was awesome...That Ron Paul is the shit!
I'd love to see a couple terms in the US under that...just to see how it pans out...Don't think it could be worse than it is!
pinoyhero
03-28-2009, 06:59 AM
Agree with Canmoreite and Toma but side a little more with Can on this one. Just cause the Govt went nuts doesn't mean that it gives the right to the people to live irresponsibly.
Canmorite
03-28-2009, 05:26 PM
Originally posted by Toma

Reckless spending by the govt and of course printing money, along with the corrupt system propping up the Fed.

Average Joe citizen was just along for the ride.

Printing money = Inflated prices, rises in prices. Of course Joe was along for the ride. Everyone basically is, some more leveraged then others. Reckless gov't never helps though...