"The Ownership Society". Remember that one?

[pdxmom]

http://www.whitehouse.gov/news/releases/2004/08/20040809-9.html

"...if you own something, you have a vital stake in the future of our country. The more ownership there is in America, the more vitality there is in America, and the more people have a vital stake in the future of this country."

-President George W. Bush, June 17, 2004

President Bush's Policies Promoting the Ownership Society

"Expanding Homeownership. The President believes that homeownership is the cornerstone of America's vibrant communities and benefits individual families by building stability and long-term financial security. In June 2002, President Bush issued America's Homeownership Challenge to the real estate and mortgage finance industries to encourage them to join the effort to close the gap that exists between the homeownership rates of minorities and non-minorities. The President also announced the goal of increasing the number of minority homeowners by at least 5.5 million families before the end of the decade. Under his leadership, the overall U.S. homeownership rate in the second quarter of 2004 was at an all time high of 69.2 percent. Minority homeownership set a new record of 51 percent in the second quarter, up 0.2 percentage point from the first quarter and up 2.1 percentage points from a year ago. President Bush's initiative to dismantle the barriers to homeownership includes:
American Dream Downpayment Initiative, which provides down payment assistance to approximately 40,000 low-income families;
Affordable Housing. The President has proposed the Single-Family Affordable Housing Tax Credit, which would increase the supply of affordable homes;
Helping Families Help Themselves. The President has proposed increasing support for the Self-Help Homeownership Opportunities Program; and
Simplifying Homebuying and Increasing Education. The President and HUD want to empower homebuyers by simplifying the home buying process so consumers can better understand and benefit from cost savings. The President also wants to expand financial education efforts so that families can understand what they need to do to become homeowners."


Bush and the Repukes ran on this in 2004. This was their cornerstone. This includes McLiar. Obama has touched on this, but this needs to be shoved down their throats. They are trying to blame the Dems and Obama specifically in McLiar's speeches. This was their thing. They wanted deregulation, they demanded these loans, they have been in charge for 6 of the last 8 years and have done nothing but obstruct since the Dems took control. Shove this down their throats.

[dbonds]

1. And you own your failure - unless you are one of the rich in crowd.

[pdxmom]

2. Exactly. While all those "owners" are now suffering, they are going

to bail out the fat cats who are their "base".

This is disgusting.