Whose fault is the recession?

[Fly Rod]

Originally Posted by Joe

Politically, it does not matter who is to blame: It matters who is believed to be to at fault by the majority of the electorate.

If the people had or would read up of who is at fault they would find that both Republicans and Democrats are to blame for voting on a bill to deregulate the Glass Steagall Act of 1933. This act helped get us out of the great depression.

The deregulation bill signed by Bill Clinton in 1999 makes it sound like it was all the Democrats fault but, it was the Republicans that brought the bill to the floor both in the senate and house. The Glass Steagall Act was voted down by a huge majority of both Republicans and Dem's in both houses.

People can say what they want about Bush but he had warned congress in 2001 that the economic crisis was coming. From then until now it was the Democrats fault with Barney Frank being a cotributor to what has happened as well as the financial community.