A friend tried to argue the Democrats are blameless by pointing out the current slowdown started during the Bush presidency. That's a pretty stupid remark if you recall that Congress is where the law and economic policy are made. A quick review of the timeline is in order.
2000 - Bush is elected President in a hotly contested race. Leftwingers never forgive him.
2001 - 7 months into his first term, terrorists attack America, and cause 3000 deaths. Crazy Leftists cheer.
2003 - War in Iraq, Saddam is crushed and flees.
2004 - Bush wins re-election. Leftist controlled press corps winge and slag Bush.
2006 - Democrats win majority of Congress
Remember - US Congress, not the President, controls the purse strings of government. (US Constitution, Article 1, Section 7).
2007 - Rep. Barney Frank (D.-Con) head of Banking and Finance Committee, sees to it real estate loans are rigged to lose banks money. US and world economy hit a high point in October, and wobbles. (Oh, yeah, the Surge in Iraq worked. Insurgents sign on with new Iraqi government.)
2008 - Economy slumping accelerates --- Democrats yelp only they can fix this (even though they caused it). They must have the Presidency, so they have unchecked power....
Although only the Democrats controlled Congress in 2007 and therefore only they made fiscal policy in 2007, the public inexplicably blame President Bush and the way outnumbered Congressional Republicans, sending even more Democrats to Congress in 2009. Stupid American public.
Democrats proceed to screw the electorate. Unless the public wakes up, its only going to get worse. Leftists hate you, America.
"It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong."
-- Thomas Sowell