Michael Steele’s first appearance on "This Week" as RNC Chair took historical revisionism to new, truly virtuosic heights.
GEORGE: Well you heard Larry Summers right there on the stimulus package. He says that after the last 8 years, your party has no credibility on the economy.
STEELE: Well, I think that’s laughable. I mean you act like we have spent the last 8 years in the mess that we’re currently in. This is about 18 months old.
Let get out my calendar here. Hmmm, 18 months ago would be … August 2007, when, a-ha!, the Democrats controlled both the House and Senate. Sure, Bush was still President, but he was totally powerless to stop those liberals from crashing our entire banking system.
STEELE: The reality of it is, Bush inherited a recession. He got us through that recession. The spending was out of whack…but the economy did grow, close to 6 million jobs we’re created. Now we’re on the downside of that.
We should all be so grateful that Bush came along to save us from that horrible Clinton recession. What a disaster the economy was in the 1990s. And now, we’re just on the "downside" of the Bush Recovery, caused by Nancy Pelosi.
STEELE: Remember in 2003, George Bush sent a bill to the Congress asking them to deal with the Freddie-Fannie crisis at that time. And the committee said no. So the reality is, all of this stuff we’re now dealing with, could’ve been dealt with along the way…
If only we’d listened to George Bush, we wouldn’t be in this mess today.
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I love good fairy tales!
I about lost my teeth along with my shoes and everything else when I heard him say that and Georgie boy just let it stand with not a challenge. He of all people should know better, he worked for Clinton.
I think it’s funny that Steele actually thinks he is running the RNC. They will rein him in shortly and he’ll have a small office and nothing else.
Steele = Liar!
The Repukes made this mess and we know it! They would never have the balls to say that all their deregulation they pushed through and lack their of over site of Wall Street caused this DEPRESSION! Yes Depression or at least we are on the cusp of one! Especially if the cuts made to the Stimulus are kept. They still don’t get it TAX CUTS don’t work if they are given to the rich and corporations and not to those who will spend the money immediately… IE the Middle Class and the poor!
It’s almost comical to watch rethuglicans go down in flames this hard…
Awful = Limberger+Palin+Hunter
to
PITIFUL = Limberger+Palin+Stelle…
It’s hard to imagine that IQ’s can actually go negative but these fools have got a running start proving that theory wrong..
Steele will have a steady feed of “what to say” items directly from Limpy Limbaugh, the real leader of the Republics.
see my Oxdown diary,he also said government jobs are NOT real jobs
The new replacement for the closeted Ken Melhman. What is it with the RNC that has Republicans nominating leaders they hate for being who they are?
And why do these guys even want the job leading a party that despises them. Is Steele for the NASCAR dads? (racist homophobes).
Yeah, that was funny. Those are “contracts” not jobs.
Idiot.
STEELE=the UN-OBAMA
yes all te congresscritters,dont have…………….trumpets….regalia
REAL JOBS
One wonders how many commissioned salesmen are employed in America. They do not get paid at all until they close on a contract. According to Steele, those are not “real jobs.”
This idiocy is only going to get worse.
Right. And that means David Petraeus is a welfare queen.
He struck me as slightly more credible in demeanor (only) than some of his predecessors. Of course, everything he said was complete crap but that comes with the territory. Hopefully, the allegations against him of regarding misuse of campaign funds will sink him quickly.
Steele’s line about Bush having inherited a recession stuck in my craw. Bush denied there was a recession until Fall of 2001. In the Spring of 2001 he used contrived growth projections as justification for tax cuts, when finally forced to admit the country was in recession, he prescribed the exact same tax cuts as the remedy.
Don’t ask, don’t tell.
and Stuffy is such a pussy
It’s people like George who give pussies a bad name…:-)
I disagree. Everyone hates Bush. He should’ve thrown Bush under the bus, and blamed everything on him. His weird attempt to rehabilitate Bush, thereby linking the current RNC to Chimpy, was really dumb.
The Republican credo:
When you have a budget surplus–cut taxes.
When you have a budget deficit–cut taxes.
It is the salve that cures everything that ails you. Also, its hard to get off message, even if you are a dumbass Republican.
Your apostasy knows no bounds, sir.
Somehow, I think Steele will continue to entertain. Did Wee George ask him about the reports that he cut his sister’s defunct company a check for money owed her from a previous campaign? Or did that not come up on Georgie’s clue cards?
But the GOP base, his primary constituency, loves Bush still!
707
I don’t know which is worse, that the republicans actually elected this simpleton, or that guys like George don’t laugh them off the stage when they say the things they say. I’m pretty smart but I can’t figure out exactly what it is he is trying to say, it sounds like nonsense.
Too many republicans voted with Bush over 90 percent of the time. Some are still in office, so the RNC chair must walk a fine line for the remaindered republicans. They are in full campaign mode and not the slightest bit interested in what is best for the country.
It is a despicable ploy but part of the reason they have so often outpaced Democrats with the electorate. They keep the message simple. In 2004, John Kerry failed (in part) because of his inability to maintain a focused message
Staphococulus asked Steele about paying off his sister from campaign funds for work not performed. Steele denied doing anything inappropriate.
That’s true — but they wouldn’t blame Steele for Bush-bashing. It’s smart politics.
Nothing is gained by saying “George Bush handled the economy brilliantly” on national TV. It’s just not credible.
But that’s one of the aspects of the problem. Even though it is national TV, they are not talking to the nation, they are talking to the Villagers who believe the gibberish.
There’s spin and there’s spin.
It’s probably correct that Bush recession l was caused largely by the dot.com bubble burst which Clinton partly owned.
This most recent monstrocity, though, is pure Bush- through and through. Goopers cannot duck responsibility for it.
Republics will never accept responsibility. The media will report without question the Republics denials of responsibility. For Republics, lunch is always free.
“STEELE: Remember in 2003, George Bush sent a bill to the Congress asking them to deal with the Freddie-Fannie crisis at that time.”
Yes, and in 2003, the R’s were the majority party in both houses. So why didn’t they take up GWB’s bill?
You miss two thirds the Republican strategy
“Cut taxes”
“Increase Defense spending”
“Cover the difference by borrowing”
Additional Republic strategy:
“Blame all problems on Democrats.”
Ian upstairs on the Economic Morons in the US Senate
We are seeing The Bush Legacy Project which, like its Reagan counterpart, will rewrite the history of the past eight years if we let them. In four years they will be lobbying to name things after Bush. Our fair town voted down the proposal to name our sewage treatment plant for GWB, but other, sweeter proposals will be floated. You just watch.
Reagan is fading in memory, but for the 22%ers, Bush will always be great. Or maybe greatest! (pace Colbert). And the minstrel man hired to be the face of GOP had better sing the right song, or he’ll alienate those who elevated him. Who, by the way, might even still answer YES when asked “Are you better off now than you were eight years ago?” War profiteers, privatizers of schools and prisons, homeland security contactors: this is today’s GOP.
It drives me crazy that no one, not a single solitary one of these talking heads ever challenges any of the lies, no matter how egregious they may be. They allow people to put out these disgusting lies such as the falsehoods about ACORN thugs and that criminal indictments for vote fraud were issued against ACORN in 13 States and do absolutely nothing to refute this obvious BS.
war + tax cuts = economic disaster
We should be ashamed of ourselves. We are bailing ourselves out and our children and granchildren will need to pay for it. Shameful.
I’m so dizzy from being spun for so long I can hardly function.
Where do these stupid idiots come from?
What gives them enough credibility to speak on national TV?
(I don’t watch regular TV. I do have a TV, but it’s only hooked up to my DVD player.)
Under what rock do they come from?
You would think Darwin would have taken care of them by now.
Does that mean Darwin was wrong?
It obviously isn’t “intelligent” design, cuz they are too stupid.
How do we get our country back?
We’ve been fighting the good fight for so long. I’m getting tired.
Someone please throw me a life preserver.
The s**t is so thick I can hardly stay on top.
They don’t challenge them because they are too stupid.
Either they aren’t prepared for the interview or
they are in agreement with said head.
Maybe the interviewers are chosen because they look good on TV?
Obama is a pussy cat. Her’s in over his head and is relying on too many has-beens.
In 2004-2006 the Dems were in popwer in name only. Libersuck made it even.
Blue-dogs made it RED.
One more scotch and I’m gonna….
G’nite all
The propaganda machine is not the RNC. its the whole government! Have you ever heard of CRA Community Reinvestment Act 1977? This is the bill that Jimmy Carter and the Democratic Party rammed down banks throats requiring them to give risky loans to low income and under qualified applicants or they would not qualify for FDIC insurance. Bush 1 added to it in the 80’s requiring more regulation. In the 90’s Bill Clinton expanded this to increase the amounts of risky loans and ordered Fannie Mae and Freddie Mac to buy up 10’s of Billions worth of these risky loans from the banks. It was actually part of their mission. During this period some not all but some republicans fought for less regulation over the GSE’s meaning stop requiring them to make these risky loans and check thier financial stability. Then Bush sells us this BS bailout and now Obama with his payback for getting elected. Face it our government has failed us, we are a Republic not a democracy. Republicans over spent this past 8 years but thats not what caused this! Community action groups have blackmailed and bribed our government into playing mommy and daddy to all of us. Being poor or a minority does not mean banks have to take risky loans. Our government needs to stay the hell out of our wallets. When I want to donate to a charity I will do it on my terms and to whom or what I want. We need to turn the lever and flush all these politicians Republican and Democrat alike. Elect officials that have a sense of responsability to our country and not to our pocketbooks. Look it up, do some research or keep drinking the KoolAid. I want a change but lets see this for what it is and why.
I think somebody’s already had enough kool-aid.
The CRA does NOT do what you say. If anything – it is the only sector of the mortgage market that is reasonably healthy.
What it did was require that banks actually lend money in the neighborhoods they were situated in. The CRA provided financial training for first-time home-buyers, including how to manage a budget, how to keep their credit up, and also pre-qualified them for loans based on a 33% of take-home pay limitation. The default rate of these loans is currently – in this current environment, less than 1.3%. These loans are not sub-prime, nor are they ARMs or any other nutty kind of fraud either. They are fixed-rate 30-year mortgages. I believe that they are held by the originating banks or sold to Fannie/Freddie – but also are not part of the derivatives market.
IMHO, this kind of monetary training should be mandatory for anyone buying a first-time home.
In any case – the CRA loans have always out-performed regular loans, and are still doing so. Most of the people who are now losing their homes should be so lucky as to have one of these (which they mostly don’t) and if they did – we probably wouldn’t be in the shape we’re in financially.
So….stop drinking the koolaid and get your facts straight. You are basically spouting discredited and debunked Republican talking points – which as all of the smart people know, are lies repeated over and over until people like you believe them. But that still does not make them true.
Let me get this right. You think that the CRA was signed to help banks make safer and more secure loans???? Not to be insulting but if you read it with your eyes open you will understand what this really says. http://www.fdic.gov/regulation…..-2515.html Well then again our Govt. knows how to help banks make money right? So the CRA was for what exactly if not to force banks to give riskier loans? I feel as if I am kicking a dead horse. Banks and brokers etc are the most to blame but like a child, if you say its ok to make risky loans when you are watching then what makes us believe they will not do it when we are not watching? And they did! And Freddie and Fannie didn’t just buy from banks subject to CRA, they bought from everyone in the business, and everyone structured their loans according to what Freddie and Fannie would buy up. Reports show CRA special lending programs are 44% not profitable 14% marginally profitable 42% profitable.