Monday morning quarterbacking. If the GOP had come up with a better way, the economy would be great and McCain would have been elected.
You are apparently unfamiliar with Fannie Mae and Freddie Mac.
What an assinine comment. All capitalist economies go through recessions - its the nature of the beast ussually occuring once every decade. Managing the recession can soften the blow, like the one earlier this decade when Bush got most of his tax cuts implemented.
This recession is being negatively affected by the forced credit/lending practices foisted upon banks by the Democrats and the Community Reinvestment Act + the Fannie and Freddie debacle. These issues were brought to the forefront by reblicans, including McCain, but the democrats, especially Frank and Dodd, stonewalled.
Now the democrats are over-hyping the problem in order to get their hands on a trillion doolars of pork to enrich themselves. It really is that simple.