Right now on Hardball

Who is to blame? Sadly, das an easy one that most American's (and people in general don't get.) The Federal Reserve and the leashholder's behind it... Afterall, our financial system is designed to (self-)destruct, so that following the simple formula of problem - reaction - solution we would all end up broke and low class in a global slave-class system. Aaah, but what do I know?.... dr...

I think the blame really goes back over 20 years of various policies that led to this. Bush will always get the brunt of the blame because it happened on his watch, but most of the policies that led to this were the result of acts by congress rather than any of our presidents. I really think that the blame game is getting old. People want it fixed. Blaming Bush, Clinton, or anyone else does nothing to fix the overall problem. It might make some people feel good to say "It's all republicans faults because Bush was president", but they've been saying that for over a year and I haven't seen it improve our economy.

Aingealicia, Okay, I'm going to try and play real nice. My belief of where the blame lies dates back to the Carter administration. There were law(s) put in place during that time and then these housing laws were reinforced by Bill Clinton so that for the last ten to twelve years anyone who had a pulse above 10 was eligible to get a mortgage. This didn't just apply to mortgages because regardless of past credit problems, most people could buy a car, get credit cards or sundry other credit media if they were willing to pay the sub-prime rates. People want to blame GWB for this mess and although he had his part in it, he did in fact try to head it off at the pass several years back telling congress that Fannie and Freddie needed more checks and balances but Congress wouldn't listen. My question to you and anyone else who cares to comment is; Just who will we blame when this "stimulis" porkage comes crashing down around our heads? Our president and democratic congress have just created a financial nightmare for our grandchildren and their children and the horrors of this debaucle will not be totally known for many years to come. If America survives this biased piece of pork-rot she will be hobbled financially for many, many years to come and all because we have crooks in Washington who just can't take a breath without padding their favorite pet project or rewarding some deserving lobby that helped them get elected! Cheers to the republicans (all but 3) who would not be bullied or intimidated into putting their names anywhere near this fiasco!