Let’s have a little reality check: Which party took back power in the House in Senate in 2006? And how far has the market fallen in the past 2 years?
It’s become conventional history that we have suffered so much with Bush. It’s been conveniently forgotten that his administration policies help rebuilt our economy after the attacks on 9/11. It’s been conveniently forgotten that in 2006 we had near full employment. It’s been conveniently forgotten that the Democrat policies (see Frank, Barney and Dodd, Chris) help build the house of cards that were Fannie and Freddie. It’s been conveniently forgotten which party enacted laws requiring mortgage companies meet a quota of high-risk loans.
It’s real easy to lay everything at the foot of the Bush administration. It’s a little harder to look at history with an objective view, and recognize how we’ve come to this point.