Quote:
Originally Posted by EarnedStripes44
By the way, Republicans controlled both Controlled both houses of congress from 1995 to 2006. In the 107th session there were 50 (d) senators and 50 (r) senators. Guess who was the tie breaking vote, none other than the great #^&#^&#^&#^& Cheney.
Oftentimes kinks in the economy take years to iron out, I see no reason to believe socio-economic ramifacations from republican-controlled congressional legislation are any different. I could be wrong though it could just be a coincidence.
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You make a great point ES44. The economy was pretty darn good from 95 to 06'. Anyone who wants to do a little digging can find facts to support their argument as to whether it's the Dems or Repubs fault for the economy tanking. The economy got better under Clinton and continued to get better under Bush (with a Republican Congress). Now, it's in the hopper and will be for the foreseeable future. If Obama's elected and the economy isn't out of the crapper while he's in office, is it his fault? Not unless it get's worse due to poor fiscal planning or passing of legislation like some of the recent bills.
The point that I've made previously is that some of the worst damage to this countries economy is a direct result of the mortgage industry being strong-armed into giving mortgages out to people who they knew couldn't afford them. Then, follows the chain reaction as people start defaulting on loans, losing jobs, etc... Christopher Dodd and Barney Frank can be blamed for this. Is this the sole reason for the sucky economy? Not at all, but a lot of people would be in better shape financially if these loans weren't given out in the first place.