Go study the history of government help in building the early canals, then later the railroads, then the Interstate Freeway system, all to help the Industrial Revolution get a firm grip here, then spread our industrial base to al lparts of the continent, then to expand the ease of movement of the goods, produce and peoplel within the United States.

Go study what DARPA does, go study how the government gave corporate America free access to the technology that came out of military reasearch paid for by our taxes and mostly given away for free).

Then go study how we the taxpayer, by increasing our taxes so that companies can have fewer taxes to pay, continue to support Corporate America.

Ask your self why haliburton, receiver of such largesse, is now incorporated OUTSIDE of America.

But first you must get an education so that you don't make such dumb statements as “You people actually believe that government somehow produces wealth” ever again.

But don't forget, Wall Street was living off Credit Default Swops and Derivatives – if you think home loans have gone south, wait for CDS and Derivatives to totally collapse (and then ask your self why Phill Gramm and the other Republicans who wrote the legislation easing oversight of Wall Street FORBADE SEC oversight fo thodse financial instruments).

Here's Dubya's 2002 speech to the bankers meeting in Atlanta:

HOMES LOANS EASIER TO GET.
“Now, we've got a problem here in America that we have to address. Too many American families, too many minorities do not own a home. There is a home ownership gap in America. The difference between Anglo America and African American and Hispanic home ownership is too big. (Applause.) And we've got to focus the attention on this nation to address this.And it starts with setting a goal. And so by the year 2010, we must increase minority home owners by at least 5.5 million. In order to close the homeownership gap, we've got to set a big goal for America, and focus our attention and resources on that goal. (Applause.)” –

Three-quarters of white America owns their homes. Less than 50 percent of African Americans are part of the homeownership in America. And less than 50 percent of the Hispanics who live here in this country own their home. And that has got to change for the good of the country. It just does. (Applause.)

And so here are some of the ways to address the issue. First, the single greatest barrier to first time homeownership is a high downpayment. It is really hard for many, many, low income families to make the high downpayment. And so that's why I propose and urge Congress to fully fund the American Dream Downpayment Fund. This will use money, taxpayers' money to help a qualified, low income buyer make a downpayment. And that's important.

One of the barriers to homeownership is the inability to make a downpayment. And if one of the goals is to increase homeownership, it makes sense to help people pay that downpayment. We believe that the amount of money in our budget, fully approved by Congress, will help 40,000 families every year realize the dream of owning a home. (Applause.) Part of the success of Park Place is that the city of Atlanta already does this. And we want to make the plan more robust. We want to make it more full all across America.

Secondly, there is a lack of affordable housing in certain neighborhoods. Too many neighborhoods, especially in inner city America, lack affordable housing units. How can you promote homeownership if people can't afford a home?

And so what I've done is propose what we call a Single Family Affordable Housing Tax Credit, to encourage the development of affordable housing in neighborhoods where housing is scarce. (Applause.) Over five years, the initiative amounts to $2.4 billion in tax credits. And that will help. It will help a lot to build homes where people can — where when fully implemented, people will be able to say, I own my home.

A third major barrier is the complexity and difficulty of the home buying process. There's a lot of fine print on these forms. And it bothers people, it makes them nervous. And so therefore, what Mel has agreed to do, and Alphonso Jackson has agreed to do is to streamline the process, make the rules simpler, so everybody understands what they are — makes the closing much less complicated.

We certainly don't want there to be a fine print preventing people from owning their home. We can change the print, and we've got to. We've got to be wise about how we deal with the closing documents and all the regulations, but also wise about how we help people understand what it means to own their home and the obligations and the opportunities.
George Bush June 17, 2002 —–

http://www.whitehouse.gov/news/releases/2002/06…

How do you not know this you idiot.

Oh well, soon you'll die out.

Get help for your “Blame Bush” syndrome. Bush may have sucked, but this new bozo makes Jimmy Carter look smart and makes Marx look like a Candy Striper.

Get over your messiah worship and realize we have the worst politicians in office that we have ever had on both sides of the aisle.