Was Pres. Bush trying to take over the US economy, and Pres. Obama stopped him?

Question

Was Pres. Bush trying to take over the US economy, and Pres. Obama stopped him?

Answer 1

What about the medical field? The new health plan gives the power to the government. Even though the insurance companies are still in business, the government will control them. The Government's new health plan forces the insurance companies to people with preexisting medical conditions. The bill sets aside money to cover that, but it won't be enough. The insurance companies will have to raise their rates to continue making a profit and pay their employees. Then eventually start laying off employees. Many companies will likely go under leaving just the government to deal with. The bill forces people to buy insurance whether or not they want it. President Bush never forced anything on Americans making them buy something. President Bush had his problems, but he never did anything like that. Also, if you watch the news or read a newspaper, the government is trying its best to get into banking. There is even talk of a national bank system ran by the government. If you think that the government is not wanting to take over these business', you have another thought coming. The government does not have to put work clothes on and show up at the bank or insurance company to control it, they just had to regulate it to the gills. That is how they will take over.

Answer 2

I think someone in Bush's admin knew that the housing bubble was collapsing, and they were hoping the collapse would occur at the beginning of the new presidency. Only off by a few months.



Not Bush himself - he just looked confused when he talked to the nation during the collapse.

Answer 3

Fannie Mae was created in 1938 as part of Franklin Delano Roosevelt's New Deal. The collapse of the national housing market in the wake of the Great Depression discouraged private lenders from investing in home loans. Fannie Mae was established in order to provide local banks with federal money to finance home mortgages in an attempt to raise levels of home ownership and the availability of affordable housing.

Answer 4

in comparison to Democrats, we "think of" what befell relatively befell. in the time of the years you point out, Congressional Democrats uniformly demanded 3-4 circumstances extra spending than did their Republican friends. Obama has in my opinion DEMANDED the quickest escalation of spending in all of time. As Reagan and Bush got here IN, the debt curve replaced into already in steep ascent and that they did no longer "make it worse." to the choice, annual deficits FELL below Bush so in simple terms persevering along with his regulations could have finally delivered entire debt help. The final time the cost variety replaced into in stability replaced into over one hundred years in the past - it relatively is likewise the final time REPUBLICANS had means to do it. on your lifetime, no funds would desire to EVER be handed devoid of Democrat cooperation. Clinton left a checklist deficit. He had "projected" a surplus and his very own people admitted on his way out that they had based that on unrealistic projections. GW Bush accompanied with the help of handing over a SHRINKING deficit. Lefties look to miss Obama inherited a deficit that replaced into in simple terms a pair of million/4 the size it could have been had OBAMA have been given the spending OBAMA voted for. If Obama have been waiting to declare something honest, his criticism with regard to the deficit he "inherited" could be that it wasn't almost sufficiently enormous for his liking.

Answer 5

Ummm/. You do know that the Government owns most of Chrysler and GM right? Ford didnt need a bailout and The governmetn owns a few banks.

Answer 6

Bush=Obama

Answer 7

That was an act of the Democratic Congress. The committee chairman was Chris Dodd.



Nice try.

Answer 8

Actually Bush tried for bipartisan support to regulate Fannie and Freddie back in 2003 and gee whiz guess who threatened to pull the bill off the floor:



Democrat Tom Daschele



Edit: 3 thumbs down from Democrats who refuse to acknowledge a historical fact.

Answer 9

GM is no longer publicly traded. they are owned by the USA and canada. you should do more research.rp. check out the stock quotes on gm, n/a.

Answer 10

Are you joking or do you actually believe this? If you're being sincere then you need to get some new information sources.

Answer 11

You just woke up from a coma, didn't you?

Answer 12

I wouldn't thank Obama Yo Mama if he gave me a BL*W J*B

Answer 13

Are they for profit or for lining the dems campaign chests?

Answer 14

dont you have some trees to go ruin stupid woodpecker, i always shoot them when i see them