do you think the democrats are responsible for the economic problems of the USA?

This link leads to the best explanation of the problem I have ever seen.

http://www.youtube.com/watch?v=H5tZc8oH--o

Ampersand` You are right you are simple! Ding Ding Ding.

Uhh Clinton years ? Booming economy ? We were all living on loans that we didn't have the means to repay. Now it is time to pay up. How were we able to get loans we couldn't pay ? Well, one way was/is through something called a 'matrícula consular card. You can get a bank loan or mortgage without even having to have a social security number, much less a job or citizenship or any visible means of repayment. Or how about 'equal opportunity lending ' ? Which is another way of saying "it doesn't matter if you can pay the loan back or not, you are 'entitled' to qualify for a loan". The dems felt that banks 'discriminated' against ____ 'fill-in-the-blank'.... ie; the poor people Poor people, they said, are 'entitled' to have an opportunity to get a higher mortgage loan and the banks should therefore accommodate them.This is what the Clinton democrats, with noble intent, pushed onto the unsuspecting working population of this country. The name for this is 'socialism'. Well, when capitalism smacks up against socialism, this is what happens. So, everyone rushed out, got a mortgage they couldn't pay for and voila`! They then reneged on the loans. Hello foreclosures. Goodbye lenders and investor's assets.

Was Wall Street involved ? You betcha. Some of them were unscrupulously secreting large amounts of $$ while attention was elsewhere. They are thieves and should be prosecuted and punished. Did they bring this problem on ?? NO ! That's like saying the 'store' decided one day to give all it's stock away to people who couldn't pay, and while doing that , an employee of the 'store' stole a 'dollar' from the til. He stole a 'dollar', and for that he should be prosecuted as a thief, but is that 'dollar' why the 'store' had to close? NO. It had to close because one day it decided to give all it's stock away to people who couldn't pay.

Is this the only cause/problem ? NO, Is it a partisan problem ? NO, Is Bush responsible ? NO

We the people, us... the government 'of the people' yes, that's us... WE are responsible, for encouraging the feeling of 'entitlement' that some people have that gives them the idea that without ambition, focus or work, they are 'entitled' to the same rewards as those who do work hard and make the right choices that allow them to take advantage of the opportunities available to ALL in this country.

I don't target this at any race or ethnicity. The bottom line is; it is never sound business sense to borrow beyond our means. It's bad for us, it's bad for the communities, it's bad for the economy and it's bad for the country.

I'll take off my 'tin hat' now :- )

You made some very valid points here, all true, BTW, to those who doubt it. It was Clinton who decided it would take too long too implement offshore drilling, and nixed it without exploring any viable alternative avenues. So, here we are, with gas prices up the kazoo, and it's blamed on the current "Republican" administration. We certainly have nothing good to say about it, but their hands are pretty much tied when there is no cooperation from the Democrats who offer no other solutions. There's a saying that goes "If you're not part of the solution, you're part of the problem." I feel it can be appropriately applied here.

I believe that this economic crisis is the fault of both parties. I think our worthless dollar is the fault of Clinton and his big counterfeiting operation with the feds and mints. While this war was a huge drain, that could be blamed on Bush's administration. There is also the natural ups and downs of economy that play into it too. Most of the time, the Administration previous to the current is the real culprit.

ampers..... you said it buddy! A VERY simple answer from a very simple mind! ding ding ding....

I wish there was an open season on idiots, I would MUCH rather hunt them than deer (or wolves for that matter!) ;)

collin- totally agree with you!

dschmidt- if you think the President makes all the decisions, you should have your voting privileges revoked! (but I doubt you are old enough anyway)

Oil companies are so full of sh*t it's ridiculous. You realize that main oil company in the usa reported there highest profit ever.. something like 40billion dollars if I remember right. That's profit, not just what they grossed, thats money out of our pockets and into theres. They are price gouging, inflaming the prices, whatever you want to call it. With a profit like that gas could easily be $2.00 or less and they would still be making huge profits.

First off,there were NO bad mortgages,people KNEW what they were signing and if they didn't,they should have read the fine print!! Second,no one group is responsible for this mess!!

who thinks maybe Wall street big wigs who bailed on the $ and the CEO's of the companies should dig in their pockets and help fix their own mess?

How when the President has been making all the decisions? Every domestic policy the Democrats are for Bush vetos and will never give us a break when oil and food prices are outrageous. Yet we spend billions of dollars wasted on the illegal Iraq War.

Yes. Clinton's betrayals kicked in during Bush's years.

MOMMOMS

has hit the nail on the head!

I couldn't agree more.