2004 - Bush campaigned on the backs of subprime mortgages - the Ownership Society

[deminks]

http://thinkprogress.org/2008/09/19/bush-ownership-society/

During the 2004 campaign, President Bush declared his pride in making America what he called “an ownership society.” He promoted expanding home-ownership as the best way to ensure a strong economy, campaigning constantly on the idea:

5/6/04: “Thanks to being the most productive workforce in America, and I might say, thanks to good policies, this economy is strong and it’s getting stronger. … Home sales were the highest ever recently. That’s exciting news for the country.”

8/28/04: See, I love an ownership society. It’s a hopeful society. It’s a society that provides stability in times of change.

8/9/04: If you own your own home, and building equity in your own home, and you’re changing from job to job, it provides great security and relief.

8/6/04: Home ownership is at an all-time high now in America. That’s fantastic news. Isn’t it wonderful to have somebody for the first time be able to say: welcome to my home; I’m glad you’re here at my piece of property.

(snip)

Today, Bush declared, “There will be ample opportunity to debate the origins of this problem.” That debate will need to focus on his own failed promise of an “ownership society” as an economic panacea.

(end snips)

Gee, just like "leave no child behind" leaves the schools, kids, and teachers behind, the "clean air act" is just the opposite, the ownership society-we just found out what that meant.

[grannie4peace]

1. every time i heard him say that i cringed.

[ixion]

2. And * got what he wanted... we've been pwned!

people always think * is talking about things as a whole when he's talking, and he's not. On the whole, he means exactly the opposite of what he says. However, there's another layer. When he was talking about an "ownership society" he wasn't talking about working class people owning homes, he was talking about duping those people into bogus mortgages and then buying up the wreckage at wholesale prices.

Things worked precisely, and according to plan.

[KamaAina]

3. Guess which low-income urban neighborhood had the highest percentage of home ownership?

The clue there is the past tense "had". The answer is the Lower Ninth Ward of New Orleans.

And we've seen exactly how important its fate has been to Bush** & Co. :grr:

[TomInTib]

4. Back when they were wheeling those poor, ignorant tools out....

to talk about how peachy things were gonna be, now that they were finally able to "own" their own homes.

I told Girlfriend that those innocent idiots would never see it coming.

[lxlxlxl]

5. The Enron President

Thank you for pointing this out.