Only in La La Liberalistan.
One of the problems with repeating the same spruth post after post is after a while the poster starts to believe it’s actually true.

POSTED BY: REAL_HOPE_AND_CHANGE | JUNE 14, 2012, 3:22 PM 3:22 PM

And so they should . . .

Over 4 million jobs have been added since Obama’s policies hit full stride. GM is back at the #1 car company in the world! Third shifts have been added at automotive plants. Manufacturing is up. Another 200,000+ jobs added in March/April.

Profits for big business hit record highs under the Obama administration.

Iraq war has been ended. A withdrawal plan is in place for Afghanistan. Bin Laden is dead. Kaddafhi is gone. Many, many al Qaeda leaders are gone. All of the world including Russia and China are onside against Iranian nuclear development. Nuclear inspectors are back in Iran. Against odds, America has been protected from any massive terrorist attack.

The stock market has gone up hugely since Obama’s policies began to kick in. People have regained almost all of their savings they lost under Bush and more. Oil production in the country is up. Green energy production in the country is up.

Don’t ask, don’t tell has been repealed. Equal pay for equal work reinforced. Millions of low-income children covered under health care.

Homelessness amongst veterans has been reduced by 56% since Obama set it as a priority. Programs and benefits for military families and veterans have been improved.

This is a top of the line administration.

More to be done? Of course. Back to Mitt W. Bush – I don’t think so.

Wrong again Michelle.

The Republicans held the majority in Congress for basically 12 straight years – from 1994 through 2006 and the presidency for the last 6 of those years.

It was during that time the sub-prime loans grew obscenely and the housing bubble swelled to bursting. In fact, the sub-prime industry and the housing bubble were already beginning to fall apart a year before the Democrats took Congress.

And still the Republicans try to pretend they’re not responsible. It’s not only laughable, it’s shameful.

Sorry, when the Republican hold Congress and the presidency, you can’t blame what happens on the Democrats – it is something the Republicans must take responsibility for.

POSTED BY: WHERESMYMONEY | JUNE 14, 2012, 2:02 PM 2:02 PM

2004: Under President Bush, the U.S. Department of Housing and Urban Development announces that it will require Fannie Mae and Freddie Mac, also known as the Government-Sponsored Enterprises (GSEs) “to increase their purchase of mortgages for low- and moderate-income families and underserved communities.”

In order to meet these new requirements, the GSEs begin purchasing mortgage-backed securities made up of subprime loans.

The original Community Reinvestment Act was signed by Carter on Oct 12, 1977.
Clinton gave government credits to banks who gave more loans to low-income folks.
Nov 1, 2011:
Mayor Michael Bloomberg said this morning that if there is anyone to blame for the mortgage crisis that led the collapse of the financial industry, it’s not the “big banks,” but Congress.

Speaking at a business breakfast in midtown featuring Bloomberg and two former New York City mayors, Bloomberg was asked what he thought of the Occupy Wall Street protesters.

“I hear your complaints,” Bloomberg said. “Some of them are totally unfounded. It was not the banks that created the mortgage crisis. It was, plain and simple, Congress who forced everybody to go and give mortgages to people who were on the cusp.”

Blame the banks all you want BIB, but the fact is the Democrats forced banks to give high risk loans.