Whose fault is the recession?

[JohnnyD]

Originally Posted by Fly Rod

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.

Bush warned that an economic crisis was coming and then it's the Dem's fault?

If Bush was such a miraculous savant when it came to the economy, maybe forcing through major tax cuts wasn't the best idea then?

How exactly has it been strictly the Dem's fault since 2001? The Republican's held a healthy majority for 5 out of 8 years in the Senate and 6 out of 8 years in the House with Bush in office.

This isn't a strict party issue. Both sides are grossly responsible for the economic breakdown.