Bush administration crushed economy

That the people around Bush who are slavishly devoted to serve the wealthiest and most abominable people in the world are actively destroying our country is not a secret anymore. It is embarrassing that no action is taken against these acts of treason against our USA. Selling the people out to the banks is treason against our country. The President's oath has been broken over and over again and the members of this administration - as well as the ones standing idly by and watching this happen - can not be ashamed enough of themselves.

While Bush is engaging in acts of comedy with his devoted servant Charles Gibson on ABC and claims that the intelligence that he had previously fixed by his own people - namely Cheney - would have been different, and there would have been weapons of mass destruction, things could have been different... the economy is falling in shambles.

Other countries, so Bush's claim had the same intelligence. Yes, they had the previously fixed US intelligence which was given to them by the US. The countries which had the information that had not been tampered with by the CIA refused to go to war under these false pretenses. France and Germany were ousted and insulted by Rumsfeld and Bush for making this correct decision and as we found out later everything France and Germany had claimed was true. I have not heard an apology so far, just the outrage of the criminals in the Bush crime family who were furious that some countries were smart enough not to participate in their crime and the illegal occupation of Iraq.

Now the Bush crime family makes the last push: Citibank and City Group which are owned by Saudi Arabia get bail outs thrown at them, Billions and Billions of Dollars while the only US car manufacturers have to beg on their knees to get $34 Billion Dollars to save three Million jobs. Are we really going nuts here? The fascist Republican right is blaming the Democrats for this crisis? More information here from our friends at www.WantToKnow.info:

US diluted loan rules before crash
December 1, 2008, ABC News/Associated Press
http://abclocal.go.com/wpvi/story?section=news/business&id=6532267
The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial meltdown, according to an Associated Press review of regulatory documents. "Expect fallout, expect foreclosures, expect horror stories," California mortgage lender Paris Welch wrote to U.S. regulators in January 2006, about one year before the housing implosion cost her a job. Bowing to aggressive lobbying - along with assurances from banks that the troubled mortgages were OK - regulators delayed action for nearly one year. By the time new rules were released late in 2006, the toughest of the proposed provisions were gone and the meltdown was under way. The administration's blind eye to the impending crisis is emblematic of its governing philosophy, which trusted market forces and discounted the value of government intervention in the economy. Its belief ironically has ushered in the most massive government intervention since the 1930s. Many of the banks that fought to undermine the proposals by some regulators are now either out of business or accepting billions in federal aid to recover from a mortgage crisis they insisted would never come. In 2005, faced with ominous signs the housing market was in jeopardy, bank regulators proposed new guidelines for banks writing risky loans. Those proposals all were stripped from the final rules.

Note: For many revealing reports on the Wall Street bailout from reliable sources, click here.