I need help on this one folks, its an ongoing debate with a dear liberal friend of mine.

[AshleeDuffett]

1) Bush wanted to investigate Fannie and Freddie to deflect from the real reason why there was a mortgage bubble and crisis, which was the banks like Goldman, JP Morgan, etc selling off all the derivatives and credit default swaps from very bad mortgages that were less than a c grade security as a AAA MBS to all the state governments, foreign and domestic banks. If any lender should have been investigated, it should have been Countrywide, who had by far the most of the bad house deals during the decade. Now, to be fair, the reason the banks got to do all that was because Clinton and Gingrich signed it into law. But W had a part in is too, because he took away what little oversight power the SEC had to be the watch dog for those banks. He also increased their legal leverage amounts several times over, which is why they nearly collapsed.

2) We went to war in Afghanistan over 9/11. Wrong war. Still doesn't explain why we invaded Iraq.

3) That just isn't true. Reagan blew the national debt by a whopping 186%. Your boy W expanded the debt by 77%. Obama has actually reduced the amount of annual deficit in his first two years in office, so that math just doesn't add up. There are plenty of resources out there that back up those numbers.

Your turn...