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Democrats May Seek to Push Health Bill Through House

Ethereal said:
Although lending practices were certainly a factor, nothing could have happened without monetary policy. Easy credit and artificially low interests are mainly to blame for the housing bubble. Without the money, there wouldn't have been anything to finance all the speculation and malinvestment.
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So, then, let's put the blame where it belongs - In the Clinton administration, which signed the Gramm-Bliley Act. This is what started the nation down the road to financial crisis. All Bush did was run with the ball, as Obama is doing now. Of course, it was a Republican who came up with the bill, but a Democrat also co-sponsored it, it was passed with the help of both Democrats and Republicans, and signed by a Democrat. There is plenty of blame to go around in both parties.
 
danarhea said:
So, then, let's put the blame where it belongs - In the Clinton administration, which signed the Gramm-Bliley Act. This is what started the nation down the road to financial crisis. All Bush did was run with the ball, as Obama is doing now. Of course, it was a Republican who came up with the bill, but a Democrat also co-sponsored it, it was passed with the help of both Democrats and Republicans, and signed by a Democrat. There is plenty of blame to go around in both parties.
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I think it's interesting that John McCain, a Phil Gramm disciple, is now leading the charge to repeal the Gramm-Leach-Bliley Act. Obama would do well to take him up on that offer.
 
danarhea said:
So, then, let's put the blame where it belongs - In the Clinton administration, which signed the Gramm-Bliley Act. This is what started the nation down the road to financial crisis. All Bush did was run with the ball, as Obama is doing now. Of course, it was a Republican who came up with the bill, but a Democrat also co-sponsored it, it was passed with the help of both Democrats and Republicans, and signed by a Democrat. There is plenty of blame to go around in both parties.
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Absolutely! Well said. Both parties concocted that monster and neither wanted to slay it because they BOTH benefited from the economic boom it created. Both parties ignored the warning signs and just let the monster run wild.
 
Winnb said:
The real damage was done between 2000 and 2006 when the GOP spent 6 years taking a dump on this great Nation. If they had governed sensibly then we wouldn't have the 60 vote democratic majority now.

Let's not forget that.
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Sure, the GOP took a dump on this nation, but the Democrats did too. One way they did it was during Clinton's administration, when both Republicans and Democrats participated in passing the Gramm-Bliley Act, which is what eventually triggered the current economic crisis. For one side to blame the other is nothing but hyperpartisan political hackery. There is plenty of blame to go around, and both parties are guilty as hell.
 
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