There were a number of reasons for the financial situation.

Community Reinvestment Act with mortgages. A weak Fannie Mae.

Over spending, mostly in Iraq. Both parties, many people involved.

BUT, reading the posts today, it appears if you were on duty when it happened, you are responsible....see the many posts saying Bush was responsible for 9/11 and they are adamant about that.

THUS.....President Obama is to blame for the recession as he was the President !!

I am obviously kidding but that is the kind of thinking that went into it.

I think it is a shame that it needs to be brought up now actually, because it is a defense against the Bush bashers, who do not care how it began....do not care anything except to protect the PARTY !!

Both parties, many people and organizations had a hand in causing the recession and I have no great hopes for the future as the two parties have totally stopped discussing anything.

One party is constantly in a public attack mode and the other has internal squabbles.

Very depressing