Bush Administration Foresaw Fannie and Freddie Crisis

I will never understand why Republicans didn’t fight harder – or at all, really – over the Fannie and Freddie Mac housing crisis before and after its ramifications turned our economy upside down. It’s not as if it was hard to see disaster approaching. And apparently many in the Bush Administration did. Unsurprisingly, their warnings were brushed aside by liberal legislators with either no understanding of or no care for our country’s economy.

Once again, Republicans have the opportunity to scream a loud “I told you so” to the Democrats, who should be hanging their heads in shame. Of course, this hasn’t happened; our party apparently has yet to learn how to fight against the opposition and get its message out.

As if we didn’t already know it, it’s going to be a long four years.

Cross-posted at Conservatives with Attitude!

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