It is a shallow consolation that as bad as the growth under Bush was it would have been worse with Gore or Kerry.

It is a source of endless mirth that Republican’ts can somehow convince themselves that anyone could have been worse than WPE. I love the way that they couldn’t even wait until his sorry ass hit the door on the way out to start revising history to cover up all of the crimes that the Republican’t junta has been engaging in for (at least) the last eight years. Good luck with that, sparky…

I’m not even getting into the fact that when you look at the actual numbers, Fannie Mae and Freddie Mac actually had a pretty decent record on subprime mortgages (much better than the private much less regulated than Fannie and Freddie mortgage market) and that the problem with FM and FF is that they were converted from fully public institutions to quasi-private institutions looking at profit instead of principle.

Or for that matter, the fact the GOP was pushing idea that their was nothing, nothing I say wrong with the economy (“the fundamentals of the economy are sound!”) until the bottom fell completely out.

Uh-huh. Nice try Cons. By this logic, your party is far too weak-minded to ever run the country again.

But thanks for playing!

And yet you offer no facts to dispute this or to back up the assertion that it was all the Republicans’ fault.

I think it’s pretty clear that you can find both Democrats AND Republicans who contributed to this mess. However, the difference between them is that the only ones on record as trying to actually do something to stop the train before it jumps the tracks are Republicans:

In 2003, Bush proposes the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis in the 1990′s. Democrats, led by Barney Frank, push back.

”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

In 2004, during hearings on the illegal bookkeeping uncovered at Fannie & Freddie, House Republicans push for increased scrutiny of Fannie Mae & Freddie Mac. They are pushed back by Democrats, who argue “Crisis? What crisis?”.

In 2005, John McCain and other Republicans sponsored a bill requiring greater Fannie Mae / Freddie Mac regulation in 2005. It was blocked procedurally by Democrats.

Hell, as recent as September of 2008, Democratic Congressman Artur Davis (one of the Congressmen pushing back against the Republicans in 2004 in the video above) admits that Democrats dropped the ball on reigning in the failed institutions and calls on fellow Democrats to do the same.

“Like a lot of my Democratic colleagues, I was too slow to appreciate the recklessness of Fannie Mae and Freddie Mac. I defended their efforts to encourage affordable homeownership, when in retrospect I should have heeded the concerns raised by their regulator in 2004. Frankly, I wish my Democratic colleagues would admit that when it comes to Fannie and Freddie, we were wrong.

There. You see what I did above? I backed up my claim about the Democrats’ culpability in the current economic crisis with actual facts and links. Feel free to do the same.

Not actually backup aside from facts with less legitimate sources than your average Ann Coulter book.

You may want to take another shot at crafting this sentence. You obviously spent so much time working in an Ann Coulter insult that you forgot to make it a coherent statement.

If your claim is that the facts backing up the “it’s the Democrats fault” assertion are from illegitimate sources, you may want to look again. Or do you not consider the New York Times a legitimate source? How about video of the actual people arguing for and against increased scrutiny and oversight of Fannie & Freddie, as I provided above?

Don’t believe me? Just ask the majority of Americans — they’ve thrown your sorry asses to the curb.

“So if a terrorist attack happens in the next 4 years… we know it will be Obama’s fault.”

Of course it would be his fault. If something as brutal yet preventable as 9/11 occurred on his watch, you’re damn right I’d blame him.

What part of “Bin Laden determined to strike within US” don’t you guys understand?

And yes, “it’s the Democrats fault” about the banking crisis is the silliest argument ever. Not actually backup aside from facts with less legitimate sources than your average Ann Coulter book.

Apparently not, dude.

Yeah, kind of like how people here have, so far, been unable to back up any of the claims thrown around about “Obama has to clean up the GOP’s mess” or “mostly, the GOP’s mess” with any facts either.

Just a lot of the usual Bush/GOP=Bad, Obama/Dems=Good.

Dude, we all know Teh Rules: IOKIYAR.

So you’re saying that regardless of the root causes or any events that occurred prior to Bush being in office, or that were beyond his control (i.e. Congress)… it doesn’t matter, since they happened on his watch, they’re his fault.

Gotcha.

So if a terrorist attack happens in the next 4 years… we know it will be Obama’s fault.

If the economic crisis continues or even deepens, or if a new problem surfaces in the next 4 years… we know it will be Obama’s fault.

For the next 4 years, while Obama’s at the helm, ANYTHING bad that happens in the country… all Obama’s fault.

Thanks for clarifying the rules.

Citations, please? Facts? Although I’ll admit he had the good sense to raise taxes in his second term to help stem the defecit. The greatest economic expansion by far in the past decades was under your friend Bill Clinton. Don’t believe me? Ask the American electorate.

I actually give Reagan some credit, especially in light of what a disaster George W. Bush has been. Honestly, Nixon was a far better president than Chimpy.

But you don’t really have a point, do you? I stated that under Bush II a) the greatest act of domestic terrorism was allowed to happen and b) arguably the worst economic crisis in American history (in dollar terms, it actually is much worse than the Great Depression) has taken place.

And you respond with Reagan? Oh but I forgot, you don’t know how to argue so all you can do is change the subject.

Go upstairs and ask mom for another PB and J with the crusts cut off, Jay.

One word: Scoreboard.

I don’t think you can back that up with facts.

But I see the lame attempts at revisionist history have begun on, of all places, a liberal blog.

One of the longest and greatest economic expansions in history occurred under Ronald Reagan.

The USSR collapsed under Reagan as well.

Your logic dictates he gets full credit for those events happening.

Oh wait. You’re a leftist. Objectivity, reason and critical thinking are foreign to people like you.