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The Republican Party kept control of both the House of Representatives and the U.S. Senate until 2007. The Democratic Party wrested control of both houses of the 110th Congress, although by a very slim margin, especially in the Senate. The composition of the 109th Congress (2005 - 2007) was as follows:
Senate: 44 D, 55 R House: 202 D, 231 R
The composition of the 110th Congress (2007 - ) is as follows:
Senate: 49 D, 49 R House: 233 D, 198 R
Reference: Composition of Congress, by Political Party, 1855–2008 — Infoplease.com
Dems need to take responsibility and quit blaming everyone else. The congress and house make and pass the laws not the Pres, and they have been in control for more than three years.
Moderates blame bush & republicans too. They spoke loudly at the voting booth. Get well soon.
As somebody who has worked in real estate for the past 15 years I can tell you that Barney Frank and others didn't force banks to make bad loans. It was pure greed by mortgage lenders knowing that if they made a bad loan the Feds would cover them.
The CRE had good intentions to allow those who had sketchy credit or low incomes a opportunity to become a homeowner. It is up to the lenders who have mortgage underwriting policies to follow through on their guidelines and many were more concerned about the bottom line than if it was a quality loan.
Why didn't they care? Because they would lend the money and then sell of the mortgage to another investor and then that loan became their problem!
Stop blaming politicians for the unscrupulous acts of many lenders.
The politicians laid the ground work and the lenders just played there game as it was setup by..........politicians.
I believe inaccurate is the correct term - the same reports from the same sources British Intelligence got.
Yeah, was it just innaccurate? The highest paid military with the highest alottment of funds and intelligence resources in the world and we made a mistake. Have you been here long, Rggr? Simply, innocently, innacurate. You're cute.
Either term you use, aren't you simply conceding my point?
And just what does the democratic congress have to do with the invasion of Iraq? What does the democratic congress have to do with the stimulus, proposed and submitted to the democratic congress by Bush, of 2008 that didn't put a dent or even a scratch in the economy.
Too easy to poke holes in this BS.
It's congress' job to declare war. not the president. And just what have the democrats done to get us out of Iraq? Nothing. The president cannot declare war. Only congress.
The democratic congress voted for that stimulus. The president cannot spend money. Only congress can.
This is all in the constitution. You might want to read it sometime. it is very informative.
And if the "Bush" stimulus didn't work then why did the democrats try another one after Bush left? If it didn't work the first time then it aint gonna work the second.
The Republican Party kept control of both the House of Representatives and the U.S. Senate until 2007. The Democratic Party wrested control of both houses of the 110th Congress, although by a very slim margin, especially in the Senate. The composition of the 109th Congress (2005 - 2007) was as follows:
Senate: 44 D, 55 R House: 202 D, 231 R
The composition of the 110th Congress (2007 - ) is as follows:
Senate: 49 D, 49 R House: 233 D, 198 R
Reference: Composition of Congress, by Political Party, 1855–2008 — Infoplease.com
Dems need to take responsibility and quit blaming everyone else. The congress and house make and pass the laws not the Pres, and they have been in control for more than three years.
I don't see anything funny about the 8 years of Bush/Cheney rule. And yes, I do place accountability on Bush as he was the president of the U.S. for 8 years and he did have influence on a lot of things. If he didn't have influence being the CEO of the United States of America, then there is indeed something wrong. However, since we all know that that's not possible or true, then let's not play games with each other here and pretend that it was the Congress who was solely responsible thus deflecting accountability from Bush/Cheney.
It is true that it was a combination of the various branches that turned out country into what it is today, but to pretend that Bush/Cheney are not responsible doesn't even make sense. It's like you're saying that Bush/Cheney were out to lunch for 8 years and everything just ran by itself or by Congress. Like I said, this doesn't make sense. What does make sense is that there are a lot of politicians (both parties) who are out for themselves and their career and self-preservation and will say anything to get elected, but once elected, they seem to have an entirely different agenda.
The politicians laid the ground work and the lenders just played there game as it was setup by..........politicians.
I will tell you what KerryMac if there is a way to break a law or curcumvent it some business people will find a way to do so and that is what a lot of mortgage lenders did.
Blaming the CRE and politicians is naive. These lenders made loans because they knew that if they underwrote a bad mortgage the Feds would back them up.
If these lenders didn't resell the mortgages they underwrote we wouldn't have had a housing crisis we endured.
And if the "Bush" stimulus didn't work then why did the democrats try another one after Bush left? If it didn't work the first time then it aint gonna work the second.
Simple but intelligent question . . .
1. As previously noted. The first stimulus was directed at the individual tax payer only under the belief to put some bucks in their pocket and they'll spend.
2. The second stimulus was/is directed at many facets of the economy, not just the individual tax payer.
Will the second work? Capitalism is a guessing game. The FDR approach did or has worked in China. Europe is still pouring money into their economies. Just have to wait and see what comes out of the wash.
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