There is no doubt that democrats claim the credit downgrading of 2011 was the sole fault of the house republicans even though they presided over only one house of congress. So a good question to ask is, who controlled both houses of congress preceding the great recession?
Isn't it the Congress not the President who controls spending and exercises oversight over economic matters?
Democrats took over both houses of congress on January 3 2007, a full year and a half before the recession hit. January 2007 Barney Frank takes over the House Financial Service Committee and Chris Dodd takes over Senate Banking Committee.
Fannie Mae and Freddie Mac who are under direction of Barney Frank and Chris Dodd dump over $5trillion of bad loans on our financial system and this is somehow the Presidents fault?
Personally, I think there is a lot of blame to go around on both sides, but why is it that Obama and the democrats think they are clear on all charges???
Isn't it the Congress not the President who controls spending and exercises oversight over economic matters?
Democrats took over both houses of congress on January 3 2007, a full year and a half before the recession hit. January 2007 Barney Frank takes over the House Financial Service Committee and Chris Dodd takes over Senate Banking Committee.
Fannie Mae and Freddie Mac who are under direction of Barney Frank and Chris Dodd dump over $5trillion of bad loans on our financial system and this is somehow the Presidents fault?
Personally, I think there is a lot of blame to go around on both sides, but why is it that Obama and the democrats think they are clear on all charges???
