Reply #6: Blame game [View All]

[Frosty1]

Republicans have been in control of congress for 12 of the last 14 years
Bush has veto power, Dems can't overcome that.
2 years of Democratic majority in the House and razor thin majority in the Senate aren't going to fix a step by step dismantling of the New Deal over the past 28. This crisis is a result of deregulation to the point that corporations were making up the rules as they went along. This was a greed driven departure from the fundamentals of a proper economy. The Republicans thought that an entire economy could be made without producing anything tangible. Wealth was built on speculation and crooked accounting. A house of cards that was bound to fall. I think some Democrats were complicit in this fiasco, but the masterminds behind it were definitely Republican.
If the economy was so great before '06 elections, why did the Republicans lose so badly???
I would like to know exactly what legislation did the Dems pass in the last two years that ruined the economy?
Since the Republicans have set a record for fillabusters, the Dems have not passed one single piece of significant legislation. So, what, exactly, caused it?
Most of the deregulation happened with a fully GOP controlled government.
Deregulation of the airlines.

Deregulation of energy.

Deregulation of the financial industry.

Deregulation of the mortgage lenders.

Deregulation of the insurance industry.

Combine that with tax cuts for the wealthiest Americans and corporations, and the switch from a $350 billion surplus to a $500+ billion deficit in just 6 years.