If Obama wants to put an end to pre-existing conditions or being dropped from coverage or work to limit drug costs and enact tort reform, he could do that very easily with almost unanimous bipartisan support and for almost no cost to taxpayers what so ever. Folks too also almost unanimously support these.
Next, blaming the financial crisis on Bush means you aren’t doing your homework. Bush and McCain both warned of massive loan problems emanating from Dem run and overseen, Fannie and Freddie, and rule forcing loans to be made to folks with dubious credit.
And the Dems (Clinton signed the bill in 2000)had a big part in allowing dubious financial instruments to be exchange traded. These mortgage instruments had been illegal since the depression.
And by the way, it’s almost a year later and the Obama Administration and our Congress has done nothing to end this trading.
.[/quote]
Obama could propose making the Sunday the National Day of Prayer
and the GOP would oppose it. Name one initiative he’s started
where the GOP is in block supporting him?
As for the Problems at Fannie/Freddie? The GOP was running
the government, they could have changed it. They had the White House
the Congress and they were appointing the majority of the Fannie Board.
Also the 1999 Banking regs changes were pushed through under
the Gramm-Leach-Bliley bill. Clinton conceded, but it was Phil Gramms
theories.
in 2003, the GOP pushed through the commodities modernization bill
which allowed Credit Default Swaps.
Sorry the financial crisis was a GOP/Neo-conservative disaster.
