Originally Posted by bubba74

The govt has done an excellant job of deflecting who is really responsible for the economic mess we are currently in. Its not business, its govt. Unchecked, unregulated, unaccountible govt. On paper, the banks were deregulated, however, the reality was just the opposite. Banks were told who to loan money to. Banks were threatened with discrimination lawsuits and redling if their loans did not included certain percentages of subprime loans. Govt forced the banks hand. Freddie and Fannie would then purchase these loans and as a GSE, would NOT subject to SEC over sight (run by BHO adviser Frank Raines at the time). Feddie and Fannie then, cooked the books (very similar the what Enron did) to get massive bonues.

Working Group on Extreme Inequality » Fannie, Freddie, and Failure


Looking at your 7 1/2 year premise, look at when things really started to go bad. It was after the Dems took control of congress in 2007. Energy prices skyrocketed and the economy started to unravel. Since them, what has congress (the people that actually write the laws) done about it? Nothing. They let America slip into deeper and deeper economic turmoil. Pelosi, Hoyer and Reid are quick to point fingers, but have done nothing to prevent or help the situation. Why? they want to wreck the economy to get BHO elected. The worse things get, the better BHO is.
So, you have a party willing to wreck the greatest economy the world has ever known, for anticipated political gain. People like to point out that McCain voted 90% with Bush, however, BHO has voted 100% with the Dem party, the party that is responsible for wrecking the economy.