Posted by: Mathieu | September 24, 2008

Link between Bush and Financial Crisis


From: rtlz.nl

A speech held by Bush in 2002 has been looked up and now it is said to be the cause of the current financial crisis.

It’s a clear goal, that by the end of this decade we’ll increase the number of minority homeowners by at least 5.5 million families.

Some may think that’s a stretch. I don’t think it is. I think it is realistic. I know we’re going to have to work together to achieve it. But when we do our communities will be stronger and so will our economy. Achieving the goal is going to require some good policies out of Washington. And it’s going to require a strong commitment from those of you involved in the housing industry.

Because a lack of good policies out of Washington is the responsibility of Bush as well a lack of strong commitment in the housing industry will be the way to go and to blame for the current ‘ challenges’.

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Responses

  1. My dear friend, as much as I hate having to defend the Bush administration, I think I’ll have to. To pin this entire mess in the financial markets on Bush, Bush alone and one one speech in particular is, quite frankly, laughable and doesn’t even begin to do justice to the complexity of the issue.

    And if “look, the graph ticks up noticeably after some random point I’ve chosen” is the only piece of support for an article, then I can only recommend a second round of journalism school with a statistics course or two thrown in for good measure to the reporter who wrote this.

  2. Don’t be so cranky, you are completely right. I just thought it was funny and once in a while it is nice to make fun of Bush even if this means giving him to much credits.

  3. I’m not cranky. Just thought it was silly to blame the man for things he deserves no blame for when there are shitloads of things that he does!


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