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From a liberal emailer:

The Bush administration has decided to socialize the debt of the big Wall Street Firms. Taxpayers didn't get to enjoy any of the big money profits on the phony financial instruments like derivatives or bundled sub-prime paper, but we get the privilege of paying for their debt and failures.

My answer:

The facts are correct but it isn't the Bush Administration...it is the Democrat Congress who are putting this forward and it is congress that funds laws they make. The President has no control over finances. He can only sign in new laws or veto them.

Am I right? or is it the "BUSH ADMINISTRATION"? I am so TIRED of the bull sugar I get in my email each dang day!!!

Here is the best article I have read on who's to blame for the financial mess, and it's not even close to being the Bush Administration:

How the Democrats Created the Financial Crisis - by Kevin Hassett of Bloomsberg News.

He is getting death threats because of the article so you know he is very close to the truth. Oh, and btw, this is the only article I have seen that mentions McCain being one of the 3 co-sponsors of Senate Bill 190 (intended to place strict regulations and oversight of Fannie and Freddie), which the Dems killed in the Banking Committee in 2005 (it was re-introduced as S. 1100 but McCain isn't a sponsor of that one so far).

Here is an article that blames Andrew Cuomo who, as UOx42's HUD Secretary, forced Fannie and Freddie and everybody else to accept sub-prime mortgages:

Andrew Cuomo and Fannie and Freddie - from the Villiage Voice, of all places....;-))

The Dems will be pushing hard to blame this on the Democrats.

My response would be:

You better come up with a better excuse than that. Why do you blame all your mistakes on Republicans?

More proof that anytime the govenment fiddles with the economy, there’s a disaster. Let’s downsize before it’s too late.

Waste your propaganda on someone else please. The day that any sane person listens to a Democrat for finacial advice is a sad day indeed.

You Democrats are so greedy you want other people’s money. When will you pay back the money we’ve given you already?

A Democrat administartion loses that amount every year just in the inefficiencies of the the marxist mentality.

And then here’s a joke for the Democrat

During a visit to the mental asylum, a visitor asked the Director how do
You determine whether or not a patient should be institutionalized.

‘Well,’ said the Director, ‘we fill up a bathtub, then we offer a
Teaspoon, a teacup and a bucket to the patient and ask him or her to empty
The bathtub.’

‘Oh, I understand,’ said the visitor. ‘A normal person would use the
Bucket because it’s bigger than the spoon or the teacup.’

‘No.’ said the Director, ‘A normal person would pull the plug. Do you want
A bed near the window?’