How the Democrats Created the Financial Crisis: Kevin Hassett

NOT! It was exactly your point...Hoist on your petard much? Keep falling on the bombs Ravi dear.

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It isn't that Liberals don't know anything, they just know a lot that isn't so. -- Ronald Reagan

Of all tyrannies, a tyranny exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience. -- C.S. Lewis

which came from a Republican congress. Then with the Bush era, the GOP had 6 years of unfettered control. Folks are going to look at "who is driving the boat."

But I agree that this is verymuch a bipartisan issue.

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A democracy is nothing more than mob rule, where fifty-one percent of the people may take away the rights of the other forty-nine.
Thomas Jefferson

Wrong. I merely took his stupid wish that McCain would place on the blame for this crisis on the Dems and agreed with it.

It's amazing. For 7 years they ran rampant.

Now it's the Dems fault.

The only ones who are going to believe that are the spinners and the true believers.

Le'ts see if the worst administration in our current history has helped bury the Republican party for at least a few decades?

Way to not let the facts interfere with your partisanship Ray!

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It isn't that Liberals don't know anything, they just know a lot that isn't so. -- Ronald Reagan

Of all tyrannies, a tyranny exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience. -- C.S. Lewis

I'll ask you this question, too. How did McCain vote on this bill...did he support it or not? If so, will you blame him for the meltdown as well and vote for Obama?

Econbrowser: Did Fannie and Freddie cause the mortgage crisis?

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Has anyone really suggested that the single person responsible for the meltdown is McCain?

Nor for that matter can the reponsibility be laid at any single person's door.

Screwing up this badly took teams of venal people, each contribution their stone to the soup.

What's for dinner, America?

Yum! yum! Stone soup.

Spoon fed the facts in an article that even the dimmest Dem should be able to understand and they still don't get it.....freekin' boggles the mind...

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How did democrats block the bill and would the bill even have addressed the problem? After all, when the bill was introduced sub-prime wasn't considered a problem but instead a driver of the economy. I ask because I could not find where there as a filibuster, which would be how they would block the bill, and with respect to the bill itself it was targeted at accounting practices and capitalization not sub-prime.

Also, there were 7 related bills introduced by the 108th congress, four by a democrats, and none of them passed plus two other bills later, one which did pass. Why is the blame on this bill specifically and not the related bills?

You miss the point. Phil Gramm was being targeted on this and obviously many had their fingers in the pie including Clinton. But the bill may have actually been a good one but was undermined by the idiots at Fannie Mae. Plenty of Republican's are to blame but the Democratic body count is pilling up fast: Clinton, Reich, Raines, Johnson, Mudd, Dodd and Franks.

It's gonna be hard to blame this on Bush or the Bush Administration no matter how much Obama tries too.

Obama should be running away with the "economy" issue but he is not and for good reason.

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ABC'S CHARLIE GIBSON: In each instance, when the Capital Gains rate was dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down. So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?

OBAMA: Well, Charlie, what I've said is that I would look at raising the capital gains tax for purposes of fairness.

Seriously everyone. Playing the partisan blame game is getting pretty old. There was a lot that could have been done by both parties to avoid this problem well before now. Blaming it on each other does not get us anymore. This is a time to work together, not complain about who was at fault. With the election coming up fast, I think we should all vote for the candidate who comes up with the best solution, not the person whose party is deemed not to be at fault. That is just foolish. We are looking for someone to lead us into the future, not blame others for our past.

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No, but they have suggested that a knock out combo of Carter and Clinton are responsible. I'm surprised they haven't dug up FDR yet.

If socializing the loss is a proven loser, and Bush is trying to force the socialization of the loss of the private sector on us, yes, it is his fault.