Both sides made a mess of it. Any attempt to say it was the democrats fault or the the republican's fault is just being an ass hat. Why does it have to be one sides fault or the other? They are both ruling the country. Ass hatting.

Well said.

The crisis lies squarely at the feet of the Federal Reserve. Their astonishingly low interest rates caused the housing bubble that led to this mess. When credit is cheap, individuals tend to borrow too much and spend recklessly. I admit some Wall Street firms and banks are far from blameless, but their actions can be attributed to the policies of the Fed. They caused the Great Depression with their astonishingly low interest rates in the 1920s, and they are doing it again.

This.

Also, I'd suggest watching/reading transcripts of the last Larry King live that had Ben Stien on it to see what he thinks of the mess and the direction everyone is going. It's pretty interesting.

Here is the important selection of the entire worthless article.  Anything and everything is the democrat's fault when you're an advisor for McCain, including the crucifixion of Jesus.

I can find a dozen articles that explain in detail how "Republicans" caused the current financial crisis, but the reality is that both parties are responsible.  I feel that Republicans are slightly *more* responsible, since they planted the majority of these seeds and have always been proponents of that three word economic plan "trickle down economics" (or Keep-the-rich-richonomics), but there is enough legislation and blame to go around on both sides.

democrats are never wrong guys, so don't make any threads that shows that they made mistakes - they'll only call you by dirty names.

OT.: Gov't could have done something but they didn't - now it might be too late.
If anything, I put a lot of blame on Paulson.
He was the CEO of Goldman-Sachs and help engineer programs that got us into this mess. made $550 million dollars - didn't have to pay taxes on it.
Now he is trying to fix the mess he created.

I posted the article not because I think the Dems are the only ones to blame, but because I'm tired of this being blamed only on Republicans. I personally believe both parties are equally to blame, but disagree with you on you assertion that Republicanse are *more* responsible.

I think we should focus more on who is better able to fix it. Ben Stein, a priminant republican thinks the republican party has totally screwed up in this crises. here are a few quotes (link: http://transcripts.cnn.com/TRANSCRIPTS/0809/21/lkl.01.html):

"KING: Ben Stein, does the handling of the economy, the Bush administration, may or may not be involved give you pause?

STEIN: It terrifies me. It terrifies me that McCain is coming up with a whole raft of any ideas. I would like to see him suggest at least a new resolution to buy the bad assets of the financial institutions that are in trouble, get them off their books, re-liquefy them so they can start making loans to the individual families and businesses of America.

I would like to see Paulson fired yesterday. It's unbelievable that after his incompetency he holds that job. It is a disgrace to the Republican Party and to this country. I would like to see him come forward with some proposals for really serious regulation"

Also, on palin and mccain's economic advice:

"But (my note: previous paragraph talked about her having good administrative experience) I'd like to see her locked up with somebody really smart in the world of economics like Warren Buffet, who, I'm sorry to say, is advising the other side. Maybe we could borrow him for a little while and have him explain to her just what's going on economically. I'd like to lock Mr. Buffet up with Mr. McCain too. I mean, they're getting incredibly bad advice from somebody about these tax cuts. They've got to get some sensible advice. Maybe Mr. Reich would care to meet them.

KING: Would you switch a day or two just to help your country?

REICH: Well, to help my country, I certainly would. But I was going to have a suggestion to Ben Stein, who is agreeing with me on almost every issue tonight. Ben, you know I have a candidate for you. His name is Barack Obama. And it would solve many of your problems.

STEIN: No, it would not solve my problem with right to life, I'm afraid. But I'd like very much to see somebody get in the room with Mr. McCain and say, look, tax rights for corporations are not what is needed now. Tax cuts for wealthy individuals are not what is needed now.

What is needed now is crackdown on Wall Street corporations. Do something dramatic like FDR did, like we did in the Savings and Loan Crisis to restore confidence. I'd like to see the president get on TV with Mr. Obama to his left and Mr. McCain to his right and say, we are going to make sure that you Americans are going to stop be looted by Wall Street. We're going to do whatever it takes. If it takes putting them in prison, we're going to do that."


Notice it is right to life on Stien's part that is keeping him from voting for obama. When he wants obama's advisors to come help mccain, something is wrong. Also, I encourage everyone to read the whole interview with stien, larry kind, and riech (an advisor to obama).

Ben Stein is an asshat (I like that word today). I lost all respect for him after that dumbass fundie movie that had pictures of Nazi's spliced in with darwin. Regardless of how intelligent he is, he's still a dumb ass.

I'm not a real expert when it comes to US politics, but didn't the Republicans have a majority in both the House of Representatives and the Senate in 2005 as well as the president. How can Democrats even block anything if Republicans really want to push it through?