25 responses to “G.W. Bush on the Housing Boom – Oct. 2002”

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  18. What Caused the Financial Meltdown? A Guide to Understanding the Collapse in 3 Hours « Contrast

    [...] nothing to do with the market? He has a lot to do with it. See this very important 2002 speech here http://www.ronpaul.com/2008-09-26/gw-bush-on-the-housing-boom-oct-2002/ Note Fannie and Freddie’s role in Bush’s speech: “And so what are the barriers [...]

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  20. Acorn is Obama's Halliburton; except much worse - Politics and Other Controversies - Page 4 - City-Data Forum

    [...] for the info. YouTube - October 2002 speech by president Bush You can read the full text here. [...]

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  22. D

    HOUSING Boom EXPLOSION!
    Unknowingly, I rented a home from an illegal immigrant, found out this to be true because she was picked up and sent to holding in another state by Immigration Dept., then released on a bail. The low income property owner (illegal immigrant) didn't make her mortgage payments of the HUD (Bush’s wonderful idea) house she rented to me that she bought and the home is foreclosing and I will be out of the home in 20 days (I only knew about this 2 days ago). To be blunt, if a person is so low of income (I am very low income, myself) that you can not own a home, you shouldn't own a home because you can't maintain a home and then you are acquiring homes on other peoples wages and paid taxes.

    Here's the rest of the story: I am a legal USA Citizen, born here, raised here, as were several generations on both sides of my family. I accepted and am living on a federal rent assistant program (Section 8) I admit it, I have been on social programs, have children fathered by an illegal immigrant (Now, not in the picture - I’m speaking from the heart). So, to put it in a nutshell - The low income owner of the home I am renting on with a federal program is illegally living and working in this country, owns 2 homes (2 more than I own, I own none), losing at least 1 of them because of foreclosure (failure to pay mortgages with excelling interest rates) and I am in an uncomfortable situation - being displaced (btw - I will figure out my problem).

    These remarks are NOT intended to injure illegal immigrants, as my kind landlord is hurting by this mess too. These remarks are to bring awareness to the messages about the USA Government authorizing this socialistic ‘save the low income minorities’ at whatever toll it takes on any other low income people or people that are not breaking the laws or the rules and have worked hard to responsibly own property. This “rescue/BAILOUT hurts everyone except the guys up top with the fat pockets!

    I am sharing this story without detail, as not to hurt my landlord (a very sweet woman) or to hurt myself, but to make aware that this is a disaster socialist scheme to bring more power and money to the government and lessen the peoples control and keep the people serving and depending on the government. I thought we ended slavery and declared equal rights? And I was brought up believing this was a free country. Now, I wonder how free it really is.

    The bailout is the worst thing than can be done now. Let the Frauds/FEDS go down, so our dollar can go up and we can save it, our country and our Liberty as fast as possible.

    I believe we are the frog in the slow-to-boiling water and now the water is boiling and it needs to get turned off because it’s getting too late to jump out! It is a mess of massive, historical proportions! We need to save or country and our Liberties NOW!

    RIGHT ON RON PAUL! Don’t stop your hard work… EVERYBODY MUST NOT STOP CALLING, WRITING, FAXING, SHOUTING, MARCHING!
    WE NEED YOU, STILL!!!

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  23. Susan

    Yes...see http://www.hud.gov/news/release.cfm?content=pr04-006.cfm
    for another smoking gun on Bush. More explanation is necessary.

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  24. mark

    Would somebody please listen to this man! He is a doctor, and yet he understands basic economics better than the rest of congress. We are a nation in decline since FDR - got to get back to the constituion, personal responsibility.

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  25. Mathew McIntyre

    LOL ... great post. If only people would pay attention, it's just so obvious.

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