At a private meeting after the failure of Lehman Brothers, President Idiot reportedly asked his advisors, "How did we get here?"
Funny because, according to The New York Times, he helped chart the course. Early in his presidency, the Idiot promised to "use the mighty muscle of the federal government" to help make housing available to low-income families, offering tax incentives and forcing Fannie Mae and Freddie Mac to set ambitious lending goals.
His reward? Mortgage bankers and brokers tripled their contributions to his campaign from 2000 to 2004 and the founder of the nation's largest subprime lender became one of the Republican Party's top 10 donors in 2004.
Bush coupled this with a weakening of the SEC: His first chairman promised a "kindler, gentler" agency; his second was forced out for being too aggressive; and the third chairman has presided over the present catastrophe.
Gee, Mr. President Idiot, we all are just so grateful for everything you've done for, er, I mean to us during your presidency. Thankfully, we are now within a month of this idiot leaving.
Bleak But Beautiful by The Pioneer Woman
1 day ago