Wednesday, April 13, 2011

Boo W.

From Fox News:

[Former President] BUSH:  [The U.S.-Afghan Women's Council] is big because it will have an impact over the years. The idea of liberating women, empowering women, encouraging women, educating women in Afghanistan is all part of laying a foundation for lasting peace.

My concern of course is that the United States gets weary of being in Afghanistan, it is not worth it, let's leave. And Laura and I believe that if that were to happen, women would suffer again. We don't believe that's in the interests of the United States or the world to create a safe haven for terrorists and stand by and watch women's rights be abused.

The Republican party, or at least the conservative faction of it, needs to state plainly what you my readers already know:  George W. Bush is a liberal.  He’s a liberal now, he was a liberal as President, and his policies reflected that liberalism.

This is no mere matter of score-keeping.  Loyalty to Bush has kept important segments of the Republican Party from openly identifying the cause of the housing crisis:  the dismantling of lending standards that allowed poor minorities to borrow money beyond their means and inflate the housing bubble in the process.  And the party’s failure to criticize those policies allow the policies to continue even today.

2 comments:

Justin said...

I don't think it is fair to blame the housing crisis on pro-minority lowered lending standards.

I think the root cause lies in the deregulation of the financial services industry, which allowed them to invent fraudulent financial products, which then flooded the market with cheap credit. Well, that is the supply side, at any rate.

All the immigrants, and the pro-poor lending policies... Well, that is just a classic case of: Supply, meet Demand!

Φ said...

Well, mortgage securitization wasn't the worst idea in the world. It's only a problem now that we have to foreclose on so many houses all at once.