Originally Posted by Rochard

You are trying to put words in my mouth. Here is exactly what I said:

Obama took office in 2009, but the damage was done long before that. The economy started to nosedive in 2007 (It's even called that) but it wasn't something that happened in thirty days or ninety days; This was years in the making. And come to think to think of it, not only was the Republicans in the White House, but also the house and the senate. So yeah, we can blame Bush and the entire Republican party for this.

Again, this started to nose dive in 2007 but it's not something that magically happened over night; It started a year or two before.

Do not tell me I am loosing a debate. I am not the one desperately trying to put words in someone's mouth, and I am also not the one starting threads with silly statements and then posting up links that prove the direct opposite of what you originally said.

You keep trying to blame Obama for this economic problem but the truth is this was happened when the Republicans not only owned the White House, but also the House and the Senate.

It's not like Bush didn't know about this; The Bush Administration discussed this multiple times starting in 2001. Yet they failed to protect the American people.

Originally Posted by kane

The reality is that the building blocks for the financial meltdown that eventually occurred in 2007 were laid in place right towards the end of Clinton's term. A lot of deregulation took place and derivative trading gained steam. Billions of dollars worth of various investments were all built on the back of what turned out to be a lot of toxic mortgages. Eventually the house of cards came tumbling down.

Are the republicans to blame? Yes
Are the democrats to blame? Yes
Are greedy bankers to blame? Yes
Are stupid people buying houses they couldn't afford to blame? Yes
Are plenty of shady, complicated investment practices to blame? Yes