Quote from limitdown:
You didn't get mad when lack of oversight and regulations from the Bush Administration caused US Citizens to lose 12 trillion dollars in investments, retirement, and home values.
Another progressive lie.
Who has controlled all of the finanical oversight and regulation in both the House and Senate for the last 4 full years? Democrats Frank and Dodd.
Who repealed legislation that led to the creation of the housing bubble and subsequent collapse? Democrats Frank and Miller.
Who has had 2 full years to stabilize housing but instead has chosen to increase mortgage bureacracy to the point of strangling the market to death and making recovery impossible? Democrats. (there are now over 21 Federal agencies that are involved in mortgages now in one way or another, about a 50% increase in 2 years).
Who blocked all conservative attemtps to reign in Fannie and Freddie leverage for about 2 full decades? Democrats.
It never ceases to amaze me how Bush gets blamed for all problems we have ever had - but it couldn't possibly have anything to do with the people (Democrats) who have actually been in charge of the economy via policy for the LAST FOUR YEARS. (presidents don't make economies run or not run, congress does)