Yep... about what I expected

[Gaf The Horse With Tears]

Care to post a link with information to back up your statement?

Here is a link to Bush's first warning of what was coming...

NY Times

another good read with a bit more detail

Washington Post

"Congress needs to pass legislation strengthening the independent regulator of government-sponsored enterprises like Freddie Mac and Fannie Mae, so we can keep them focused on the mission to expand home ownership," President Bush

[JohnKnow70]

I have a theoretical question....

In your opinion (and I mean your as in whoever is reading this)

Would you rather have a political party that does stuff.... and does not do it well? Or one that refuses to do anything, and in fact tries to prevent anyone else from doing anything at all?

I would rather have a Government that does just about nothing. I applaud the Republicans creating gridlock. The Government's only role is to protect the citizens and not intervene in anything else, especially the economy. It is too much borrowing, too much intervention by the Federal Reserve and too much regulation that lead to the Financial Crisis. The Housing Crisis never would have happened at all without all these bad policies by Government. The Constitution is pretty much perfect in my opinion and most Government intervention since 1913 has been unconstitutional.

Ask yourself why from 1776 to 1913 the dollar appreciated 92% in value but from 1913 to 2010 it has depreciated by massive levels

http://mykindred.com/cloud/TX/Documents/dollar/

[JohnKnow70]

Care to post a link with information to back up your statement?

he's partially correct. Fannie Mae and Freddie Mac - propped up by Democrats - guaranteed toxic mortgages by Banks who never would have made such risky loans without backing. Most of the deregulation went on before Bush but didn't cause too many problems for years and years. For instance, Credit Default Swaps were deregulated in the mid 90's but were blamed as a big part of the Banking Crisis but no one minded the Default Swaps in the 90's. The Community Reinvestment Act was liberalized in the 1970's by Carter and no one minded that either until the housing crisis happened.

that does not excuse Bush's reckless spending and murderous wars which added a lot to the national debt crisis.