MOST RED INK EVER: $9 TRILLION Over Next Decade

[jreeves]

The fact is that Americans lost $10.2 Trillion of personal wealth in 2008. That was money lost due to declining home values, retirement funds and other investments. The recession had a real impact on every American. Borrowing money to prevent a recession from turning into a depression is money well spent

Democrats were in control, why didn't they do anything about it?

Simple reason.......VETO

Did a shitload of bills get vetoed, that would have adverted the crisis? No, so the Dems did nothing.