Can anyone on here point to any specific Democratic legislation or policy which led to the economic collapse?

strange thing is you answered your own question

Democrats came into power in 2007 and all of a sudden financial institutions started showing weakness.

1977 - http://en.wikipedia.org/wiki/Community_Reinvestmen...

Some people keep forgetting that the major collapse was due to the housing market collapse (along with lending market in general) which was due to decades of promoting bad loans to people who normally would not be qualified. And they were primarily Democrat policies.

As for prolonging the recession, it's mainly the uncertainly that keeps things going slow. They've set a precedent of unexpected government interference at any time, which causes companies and investors to be very cautious about spending any money to expand. Why invest money if you won't get any of it back if things go bad and the government takes over the bankruptcy for your industry? Also, the stimulus type policies were way too specifically targeted and didn't focus on much that would generate long term economic and job growth. It was more related to gifts to Democrat donor groups.

i've got heard theories that the Democratic win in 2006 grew to become into an illustration (a maximum staggering one, it grew to become out) that Democrats could win the White homestead in 2008. understanding that Democrats would enact regulations which might injury businesses (i.e. strict new regulations on well-being insurers, banks, etc) the economic device began to slip as human beings offered off shares, stopped making an investment, etc. i've got additionally heard that liberal regulations below the Clinton administration compelled banks to difficulty mortgages to minority and below-privileged homestead shoppers lots of them defaulted and contributed to the burst of the housing bubble, however if i'm not attentive to any particular legislations.

There is no one piece of legislation supported by either party that is solely responsible for the economic collapse. The fact that you would ask a question like this, clearly shows your ignorance on the subject.

President Woodrow Wilson and the Federal Reserve Act 1913- the federal reserve prints money out of thin air, and Obama has allowed this institution to exist. In fact he reappointed Ben Bernanke as chairman of it.

This past recession started at the end of 2007 and the circumstances that created it was years in the making long before that under a Republican controlled congress. So saying it happen because the Democrats took control of congress is nothing but foolish Republican rhetoric.

I can't point to any Democratic legislations that led to our current crisis, but I could list over a dozen Republican legislations.

They are only going to yap about Fannie Mar and Freddie Mac, and try and blame it on the CRA, which was passed 43 years ago.

Conservatives are irresponsible. Why can't you admit it. Most of the population still thinks the Republicans caused the recession.

Its not about making legislation, its is more about the Dems blocking legislation and making getting credit easy for those who could not pay it back.

You find any we had six years of tax cuts for the top two percent $750 billion, regulations leaving businesses and large corporations going overseas so they wouldn't have to pay minimum wage not to mention a job loss rate of over 300,000 a month while bush was in office.