Bush is responsible in part for our lousy economy to the extent he behaved like a Dem – the “compassionate” (read: let’s spend!and grow government) conservative he liked to call himself.
But this present crisis is pretty much the fault of Dems. Barney Frank probably holds most blame. Dodd, Schumer and the others who kept telling Bush (who tried 17 times in ’07 alone) – even McCain who co-authored a bill – and other Repubs who said something had to be done to get control of Fannie and Freddie.
Lesson here is forget the other side of the aisle. Their path leads to failure – or trouble – every time. McCain should have learned. He attended a meeting with 4 other Dems and thankfully was exonerated of any culpability in the Keating 5 scandal.
He should remind us all it doesn’t pay to hang with Dems. They’ll get you into trouble every time.
