How we got to this point

Below is a very helpful video tracing the roots of the current financial mess, dating back to 1985.  Judging from Steny Hoyer’s remarks in a radio address today, the Democrats have no concept of how we got here. Of course, Steny’s from the People’s Republic of Maryland, so it’s not surprising that he’s struggling with this.  He even had the gall to say President Bush and GOP lawmakers “took the economic referees off” the field when they were needed most, which then allowed irresponsible mortgage lending that swelled the housing bubble until it burst.

Au contraire


Hat tip:  Patterico’s Pontifications


1 Comment

Filed under Uncategorized

One response to “How we got to this point

  1. DH

    Thanks for pointing this out! This is a real public service.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s