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Like most of your fellow cons you don't understand the basic construct of our system. Power does not exist without the veto. Bush held that power (and the Dems had no ability to override) for 8 solid years.

Amazing that you can then blame the Democrats "for ruining our economy"! Again, as with your fellow cons you have a difficult time accepting responsibility. You voted for this man who possessed no true leadership skills. He floundered and eventually failed. You simply cannot accept that fact.

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HHUSSK:
"Democrats have controlled Congress for over two years now. Congress controls our money. How much longer are you going to let Democrats ruin our economy?"

The underpinnings of the economic collapse were initiated more than 2 years ago. The public is no longer buying your neocon lies.

No wonder the public booted your ilk out of power in both the White House and the Capitol.

LOL.

PRIOR TO ITS COLLAPSE COLLAPSE, FREDDIE MAC KILLS CHUCK HAGEL'S REGULATORY LEGISLATION LARGELY BY LOBBYING REPUBLICANS
http://www.propeller.com/story/2008/12/07/how-fred...
"Freddie Mac thwarted efforts to bring a tough regulatory bill sponsored by Senator Chuck Hagel by secretly paying a Republican consulting firm, Washington-based DCI Group, $2 million to kill Hagel's legislation. The covert lobbying campaign targeted Republican senators in 2005-06. According to the newly obtained records, DCI's deployment was part of a broader campaign that targeted mainly Republicans on Capitol Hill. The internal Freddie Mac documents show that 17 of the lobbying firms and consultants paid in 2006 were specifically directed to focus on Republicans and four on Democrats."

http://www.msnbc.msn.com/id/27266607/
"Unknown to the senators, DCI was undermining support for the bill in a campaign targeting 17 Republican senators in 13 states, according to documents obtained by The Associated Press. The states and the senators targeted changed over time, but always stayed on the Republican side.

Before 2004, Fannie Mae and Freddie Mac were Democratic strongholds. After 2004, Republicans ran their political operations. McLoughlin, who joined Freddie Mac in 2004 as chief of staff, has given $32,250 to Republican candidates over the years, including $2,800 to McCain, and has given none to Democrats."

THE DCI LOBBYIST GROUP USED BY FREDDIE MAC TO LOBBY REPUBLICANS WAS HEADED BY DOUG GOODYEAR, JOHN MCCAIN'S SELECTION FOR GOP CONVENTION CHAIR
http://www.newsweek.com/id/136321
"Doug Goodyear, McCain's selection for GOP Convention Chair, is CEO of DCI Group, which earned $3 million lobbying for ExxonMobil and GM.

DCI was paid $348,000 to represent Burma's military junta, which was condemned by the State Dept. for its human-rights record and remains in power today. His firm created a PR campaign to burnish the junta's image, denouncing 'falsehoods' by the Bush administration that the regime engaged in rape and other abuses.

Goodyear's firm also pioneered 527 groups, precisely the kind of operations that McCain, in his battle for campaign-finance reform, has denounced.

Ironically, Goodyear was chosen for the post after the McCain campaign nixed another candidate, Paul Manafort, who runs a lobbying firm with McCain's campaign manager, Rick Davis."

http://www.newsweek.com/id/161218
"A Freddie Mac Money Trail Catches Up With McCain: Last week, though, McCain's trust in his campaign manager Rick Davis was tested again amid disclosures that Freddie Mac, the troubled mortgage giant that was recently placed under federal conservatorship, paid his campaign manager's firm $15,000 a month between 2006 and August 2008."

DEMOCRATS TRY TO PASS THEIR OWN REGULATORY LEGISLATION BUT SEN. RICHARD SHELBY (R-ALABAMA) KILLS REGULATORY LEGISLATION AUTHORED BY SEN. PAUL SARBANES (D-MARYLAND)
"During deliberations, Senate Banking Committee Chairman Sen. Richard Shelby (R-Alabama) dismissed the alternative submitted by ranking member Sen. Paul Sarbanes (D-Maryland)."

DEMOCRATS SUCCEEDED IN PASSING REGULATORY LEGISLATION ONLY 2 MONTHS AFTER REGAINING A SLIM MAJORITY IN CONGRESS IN 2007 BUT IT WAS TOO LATE TO STOP THE MOMENTUM OF FREDDIE MAC'S COLLAPSE
http://www.youtube.com/watch?v=rz-d6WPTXa8
BARNEY FRANK: "I became chairman of the Banking Committee on January 31st 2007. Less than 2 months later, I did what the Republicans hadn't been able to do in 12 years -- get through the committee a very tough regulatory bill and it passed the House in May. I've always felt 2 things about Fannie Mae and Freddie Mac -- that they had important roles to play but that their regulation should be improved. From 1995 to 2006 when the Republicans controlled Congress, no regulatory legislation was passed. The first time I had any real authority on this was January of 2007 and within 2 months we had passed a bill that regulated Fannie Mae and Freddie Mac. The earliest chance we got to put tough regulation on Fannie Mae and Freddie Mac, we did it.

BILL O'RIELLY: "Ok. Alright, that's swell."

IN FACT, IT WAS REPUBLICAN PHILL GRAMM (R-TEXAS) WHO LED THE REPUBLICAN OPPOSITION TO PASSING REGULATORY LEGISLATION
http://www.nytimes.com/2008/11/17/business/economy...
“'Some people look at subprime lending and see evil. I look at subprime lending and I see the American dream in action,' Phil Gramm (R-Texas) said.

On Capitol Hill, Mr. Gramm became the most effective proponent of deregulation in a generation. And in one remarkable stretch from 1999 to 2001, he pushed laws and promoted policies that he says unshackled businesses from needless restraints but his critics charge significantly contributed to the financial crisis that has rattled the nation.

He led the effort to block measures curtailing deceptive or predatory lending, which was just beginning to result in a jump in home foreclosures that would undermine the financial markets. He advanced legislation that fractured oversight of Wall Street while knocking down Depression-era barriers that restricted the rise and reach of financial conglomerates. And he pushed through a provision that ensured virtually no regulation of the complex financial instruments known as derivatives, including credit swaps, contracts that would encourage risky investment practices at Wall Street’s most venerable institutions and spread the risks, like a virus, around the world.

From 1999 to 2001, Congress first considered steps to curb predatory loans — those that typically had high fees, significant prepayment penalties and ballooning monthly payments and were often issued to low-income borrowers. Foreclosures on such loans were on the rise, setting off a wave of personal bankruptcies. But Mr. Gramm did everything he could to block the measures. In 2000, he refused to have his banking committee consider the proposals, an intervention hailed by the National Association of Mortgage Brokers as a 'huge, huge step for us.' A year later, he objected again when Democrats tried to stop lenders from being able to pursue claims in bankruptcy court against borrowers who had defaulted on predatory loans.

In late 1999, Mr. Gramm played a central role in what would be the most significant financial services legislation since the Depression. The Gramm-Leach-Bliley Act, as the measure was called, removed barriers between commercial and investment banks that had been instituted to reduce the risk of economic catastrophes.

Michael D. Donovan, a former S.E.C. lawyer, faulted Mr. Gramm for his insistence on deregulating the derivatives market. 'He was the architect, advocate and the most knowledgeable person in Congress on these topics. To me, Phil Gramm is the single most important reason for the current financial crisis.'"

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