Originally Posted by ijusluvit

Back to VK's point in this thread, yes - it is Congress, so significantly influenced by lobbyists, that is to blame for the financial collapse and the resultant deficit. Even short term historical analysis will tell a simple story of how Congress dismantled financial regulations, opening the floodgates to unparalleled corporate greed. So what if Bush was in the White House! Sure, he thought deregulation was a good idea. But so did Greenspan, Dodd and a lot of other 'experts'. You can stop defending Bush's part in creating the problem. He was a minor player and nowhere close to smart enough to see what would happen. In the same vein folks should stop demonizing Obama for spending us out of the recession. Yes, it's a problem, but history will also say it was effective drastic action. I know you are not happy with this, and perhaps you refuse to believe the stats, but the worst financial crisis in 70 years is being reversed in a far shorter period than almost all the 'experts' imagined.
I agree the situation is scary, and frustrating because Congress could do a much better job of spending the money and crafting the regulations which would fix this even sooner and better. The 'party of no' is the perfect example of a purely political response to a very real set of problems.

It's Congress which is to blame. Let's stick to that topic for a while.