President Bush Addresses Nation on Economic Crisis

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1. Bush told the people that real estate "is good for the Pocket Book of the Country." EEEHH Wrong!!. Try again. Reckless lending is what caused the economy to come to a near collapse. These enormous bank mainly Lehman Brothers was making too much money on the lending in real estate. So they lowered the bar and got greedy. It used to be that anyone with a credit rating of 620 and 20% down payment was the requirements for a loan. The banks made it to where any idiot with a credit of 500 and no money down at all could reach for the american dream and these people trusted the banks with that incompetence. Now the unexpected happens stock prices surrounding real estate drops, Mortgage payments go up, people can't afford to make payments on their mortgages, they default and lose their homes and this is where it gets worse. AIG got into business with these banks and sold them massive amounts of insurance and the massive amount of foreclosures were covered by AIG and they came close to bankruptcy. Billions of dollars in Teacher pensions took a hit as well as construction life insurance etc. General Electric did business with AIG. That's where they got most of their money from is AIG and with the economic fuck ups and the losses AIG was covering General Electric started losing money too and they had trouble financing their industrial operations. If General electric would have shutdown every business in the country would have went with it too. The Great Depression of the late 20's and early 30's may have been caused by a Stock Market Crash but Credit Ratings contributed to it as well and from what I've seen with the Stock Market in 2007 thru 08 and how bad these major banks started to become there would have been a reboot of the Great Depression of the 30's only this time it would have been a lot worse. If a depression was to happen again it would be very destructive and far more worse than the last Depression. Be thankful for what you have right now because you never know when the shit might hit the fan again.
2. the day america turned socialist
3. He just wasted 1.5 trillions dollars for wars in shitty countries. It could be good to expense this money for economy,for americans...
4. Cruz tries to blame Obama for 2008 crash
   
   A few years ago, a statewide poll in Louisiana found that nearly a third of Republicans in the Pelican State blamed President Obama for the poor federal response to Hurricane Katrina. The nonsense was almost amusing – Katrina hit in August 2005; Obama was inaugurated in January 2009.
   
   [...]
   
   For one thing, the Republican senator ties Obama to the 2008 crash, which is foolish given the fact that Obama took office in 2009. Indeed, for Cruz to blame poor economic conditions in 2009 on the president is equally unfair given that Obama was still rescuing the country from the worst global economic crisis since the Great Depression.
   
   http://www.msnbc.com/rachel-maddow-show/cruz-tries-blame-obama-2008-crash
5. He was the commander and chief at the time he was responsible for the crash to.
6. why do people hate bush?
7. The wars on terror, and predatory lending financed via the central banks cause this toxic situation. But you blame the American people and the foreign people???
8. when i listening G W Bush in 2016 i can tell my english is muuuuuuuuuuuuuuch better compare to 2008
9. The bank fucked us.
10. Speculate, crash, repeat. Bankers win, consumers lose. Eliminate speculation now.
11. right.Whatever you do dont regulate wall street.Democratic capitalism is what caused the crash.The banks are even bigger now.He blames fanny mae and freddy mac?They were sold knowingly bad mortages by wall street.Disgusting.
12. Bush doubled federal-state asset-forfeiture looting in 2007 to punish hemp producers his daddy wanted put to death. The crash of 1987 had exactly the same cause. State governments realized this and began legalizing hemp to save the economy from irresponsible fanatics.
13. The seeds for the crisis were planted by the Carter-Reagan administrations and watered by the Clinton-Bush administrations. Any agree?
14. Next time white THUGS in power talk about blacks and hispanics TAKING THE WELFARE...just remind them government jobs, corporate welfare, and bailouts are welfare too
15. This is going to happen again
16. In that Brad Pitt movie "killing them softly" when those 2 dudes are robbing that poker game and taking everyone's money, this was playing on the tv in the background.
17. Every moment of this video was painful to watch.
18. AAHHHAHAHAHAHA POOR AMERICAN CAPATILISIM AHAHAHAAH POOR AMERICANS DON'T CRY AHAHAHAHAHHHAAHAH Hey atleast if you guys go bankrupt you can go padling in your little boats and invade another country! oh wait if you guys run out of oil how will you run your aircrafts D:?!!?!?!?!??! AHAHAHAHAHAHAHA THERE WONT BE NO AIRCRAFT U POOR AMERICANS AHAHAAAHAHAHAHAHAHAHAAHHAHAAHAHAHAAHAAAHAHAHAHAHHAHAAHAHHHHHHHHHHHAAHHAHHAHHAAHAHAHAHAHHAHAHAHHAHAHAHAHAA BUSH IS A FUCKING DUMB FUCK TEXAN AHAHAHAHAHAHAAHAHA
19. You have not seen anything yet....race wars...poverty...nothing compared to whats coming. 
20. This is what President Obama was left with!