Why do Republicans blame Dem. Congress?
November 172009
When it was Phil Graham, McCain’s economic advisor who rammed through the complete deregulation of the financial industries when he was chairman, not the Dems.
and on July 31 2007, after the Democrats obtained control of the Congress in the November 2006 election, House Speaker Nancy Pelosi introduced HR 3221, a "bill to provide needed housing reform and for other purposes." Among other things, the bill granted the newly formed Federal Housing Finance Agency "supervisory and regulatory authority over Fannie Mae, Freddie Mac, and the federal home loan banks
and absence of those regulations in the past is what led to this crisis we’ve been heading here for a while this didnt all happen in less then one year like Rep. try to say
Ok you say congress holds more power but it was a republican congress up until last year and bush vetoed so many preposals that would have helped us soo
You’re right – it was the Gramm/Leach/Bliley Act (all 3 Republicans) that Bill Clinton was pressured into signing – he did so to be bipartisan – look where it got us!
November 17th, 2009 at 5:28 pm
As Rick James once said "Cocaine is a hell of a drug!"
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November 17th, 2009 at 5:45 pm
You’re right – it was the Gramm/Leach/Bliley Act (all 3 Republicans) that Bill Clinton was pressured into signing – he did so to be bipartisan – look where it got us!
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The new congress has absolutely nothing to do with the impending crisis, which has been building ever since Bush lowered taxes to the point of insolvency (that was the year he took office).
November 17th, 2009 at 6:11 pm
Because congress holds more power in legislation and lawmaking, and the Democrats control congress.
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November 17th, 2009 at 6:33 pm
I’m not republican, and I think it’s true what they say, that this is the most do-nothing congress in our nations history. They’ve done absolutely nothing about the steadily growing tax mess, and instead have actually INCREASED tax’s and are implementing program after program that will require even MORE tax! 30% of our entire earnings are now going to one form of tax or another, where does it stop for gods sake? This is going to end badly I fear.
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