Attention: All Conservative Republicans… The corporate propaganda machine is running in full spin cycle. When President Obama says, “the last eight years,” he’s absolutely correct and here’s the proof that was written and sponsored by former Texas Republican Phil Gramm. Please keep in mind, I’m not a liberal democrat nor am I a corporate lapdog.

Our economic mess began in 1999… In the early 2000′s, Several state AG’s traveled to Washington DC pleading to the Comptroller of the Currency to regulate predatory lending… The Bush administration sided with those who were reaping enormous profits (banks, mortgage companies, investment securities companies, insurance companies, lobbyist, lawyers, RE developers, RE agents, appraisers, title companies, etc…)…

S-900 was Republican deregulation that Clinton and most democrats at that time agreed with… Barack Obama was nowhere near Washington DC in 1999. Checkout the voting records of the 106th. Congress…

House

http://www.govtrack.us/congress/vote.xpd?vote=h1999-570

Senate

http://www.govtrack.us/congress/vote.xpd?vote=s1999-354

Both parties were wrong in overturning Glass-Steagall… Both parties are responsible for the outcome… President Obama is saying that when the states began noticing a real problem Bush should of done something…

As a side note, Washington DC lobbyist flooded Georgia in 2002 to defeat Gov. Roy Barnes(D) who wrote and passed the Georgia Fair Lending Act (GFLA)… This act held those holding bundled predatory loans (derivatives) liable if they went into default, this included Fannie and Freddie. Big K-Street and Wall Street money defeated Gov. Barnes and the newly elected Republican Governor gutted the GFLA in early 2003 shortly after being sworn in…

http://www.hd.net/cgi-perl/transcripts_send_word_doc.pl?id=A5486

On Thursday afternoon, during a live conservative radio talk show, I called in to debate this very same point with a GOP cheerleader who was following the standard GOP talking points that consumed like minded conservative programming. When the hosts realized that I had him beat on substance I was abruptly cut-off. Like liberal cheerleaders, conservatives don’t like having to admit they’re wrong.

Please, stop being duped. If you want the truth and nothing but the truth, say goodbye to beltway television and radio talk shows where the hosts is simply repeating what’s heard on Fox News. Freedom From The Press is alive and growing for good reason. If you’re an author or journalist and you want to make FFTP better, click the ‘contact us’ link above and become apart of Americas truth-based solution.