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It just astounds me the cognitive dissonance at work in ideologues who, after 8 years of utter failure and fiasco, will stick with what's untrue to the bitter end. We've been here before and guess who was in charge the other times? Something similar happened in the 1920's, when Republicans were in charge, inflating the market at Wall Street, and it took a Democrat, FDR, to come in and clean it up. It happened again, with John McCain and his Keating friends at the center of it, in the 1980's, with the Savings & Loans crisis. Bush Sr. led us into recession, and once again it took a Democrat to come in and clean it up and give the country a surplus that fixed so-called "fiscal conservatives'" massive deficits. So here we go again with unfettered capitalism and the corruption it breeds (that's a Republican criticism, by the way, all the way back to Teddy Roosevelt who said it), and the need for some smart-as-a-whip Democrat to fix it. 

You're crediting the low-income lending for this? Even conservative old O'Reilly admitted that was just one percent of the problem. You mentioned the credit swaps, that was right, and those credit swaps, removing barriers between banks and securities companies, were the brainchild of Phil Gramm, McCain's former advisor and critic of a nation of whiners. He slipped them into legislation in 1999, granted, it was signed by Bill Clinton. These credit swaps are the problem, not the low-income lending, not the Demon Democrats. 

The bigger picture is one painted by Nixonian economics, criticized by Republican Ron Paul (he calls it a fiat economy), set up in 1970's where our entire system is predicated on credit, or the credibility that our currency is worth something. Paul notes fiat systems are doomed to fail, and that's what we are witnessing now. This is not a Democrat problem, especially with all the Nixonians in power these past decades--Bush Sr. and Dick Cheney come to mind immediately. 

Personally not a fan of Democrat ideology most of the time, but it's time to stop 20th Century-thinking Republicans from destroying everything by rewarding greed and ignoring the people. Step by step we come closer to fascism.  

 And you should be ashamed of yourself for spreading their propaganda.