Quote Originally Posted by Zenrax View Post
Wait, you think that the economy is the Democrat's fault? 7 out of the 8 largest expenditures per year were in the last 7 years of Bush's presidencies. (The other one was in his father's term in office.) These record deficits were caused by Bush's failed policies and the war he started to secure Middle East oil supplies. The Democrats only gained a majority in the 2008 election year. If you're going to twist the facts in your party's favor, at least don't be TOO overt about it.
Zenrax, it goes a long way back.
All the way back to the Carter Administration.

It has been a slow process, slowly mounting, and I really don't think anyone realized the full import of its impact. During the Clinton administration it gather steam, putting pressure on banks to 'ease regulations' so those who couldn't qualify for loans (because the couldn't afford them-DUH-) could get them.

Now, in all fairness bankers like Fannie Mae saw a golden opportunity and were laughing up their sleeves at these idiot politicians and went to work maximizing profits and greasing the pollies like good old Barney Frank,

but....

it all spun out of control,

....and here we are!!!!!