At the start of the surge, Harry Reid boldly pronounce the war is lost. He was wrong.

Now Harry Reid accused President Bush of “fiscal dereliction of duty”. He is wrong AGAIN.

The crisis we are in was caused by government, but not the executive branch. The Bush Administration has been calling for the Congress to reform Fannie Mae and Freddie Mac for years. In 2005 a tough messure was proposed by Republicans. At the time, Republicans were in the majority. John McCain was a supporter of the bill.

The bill (S109) was killed in committee on a party line vote by the Democrats. Is it any wonder that Congressional Approval Ratings are below 10%?

Time and time again, Democrats have pushed for more loans to minority community.

Time and time again, Democrats have supported the disgraced Fannie Mae and Freddie Mac

Time and time again, Democrats profited from the mortgage system..both politically and fiscally.

It was Congress who created the rules under which Fannie Mae and Freddie Mac prospered and then died. The “dereliction of duty” belongs to Congress, not the Bush Administration.

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