I agree. They failed when they had all three and it was very disappointing.Professor Tiger wrote:The R's controlled the White and House and the Senate from 2000 - 2008. The R's also controlled the House from 2000 - 2006.C'mon PT. You know better. There was NO fiscal discipline until you had R's in congress
During that time, they had no fiscal discipline. Zero, zip, nada. They also failed to use their majority status to either detect or prevent the insane lending practices that led to the financial meltdown of the fall of 2008.The start of the current recession is largely their fault. Making the current recession worse and mortgaging the country's long-term future is the Dem's fault.
Re: Lending practices...wasn't this started by Clinton and Dems? Didn't Bush try and get Freddie/Fanny reigned in and Barney and company scoffed that there was an issue? Was anybody even talking about this until 2005 or 2006? I don't know that you can say the start of the decline was anything but business cycle but made worse by the lending issues.
And now you have enormous uncertainty with taxes, regs, healthcare, etc and biz is afraid.