Republicans call for Fannie Mae and Freddie Mae regulation in 2004; Democrats ridicule
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Category: Government
About JR Hoeft: Conservative to the core; liberal with his opinion! J.R. has been involved in politics for over a decade and has worked on several campaigns in Hampton Roads. He has served on the Executive Committee of the Republican Party of Chesapeake and the Central Committee of the Republican Party of Virginia. He is also the director of “Blogs United” in Virginia. E-mail J.R.. Follow J.R. on Twitter. View author profile.
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Propaganda, as one might expect from this site. One can find Republicans that supported regulation, and one can find Democrats who resisted. The converse is also true. But the fact remains: The Republicans controlled both legislative bodies, and had the power of the presidency. Why didn’t they regulate if they wanted to? Answer: They didn’t want to. The cheap money flowing into the housing market was the only thing propping up a failing economy. Take away the housing boom, and the Republicans have nothing to show to the American people. No jobs, and no real income increases for regular people. Only an exploding deficit and an endless war.