How many more...

[JohnnyD]

Originally Posted by fishbones

The economy was largely good while the Republicans controlled Congress (look at consecutive quarters of economic growth) and it has really suffered in the last 1 1/2 years since Congress has been Democrat controlled. Coincidence? Maybe. But, the horrible bills that made it possible for people who in no way could afford home ownership to get mortgages, were Democrat written and approved by Democrat votes in Congress.

1 1/2 years is not nearly enough time for the effects of a Democratically controlled congress to come to light. Our current situation has largely been developed through policies enacted 6-8 years ago. Many economists expect any policy changes to take at least 4 years before being able to make an educated judgment on the performance effects of those policies.

Actually, "the horrible bills that made it possible for people who in no way could afford home ownership" were written and approved by the Republican Congress 4 years ago. The Republicans pushed forth massive de-regulation bills that sowed *some* of the seeds of the crisis we face today. On the other hand, the Democrats didn't do anything to rectify the bad policy as was promised.