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Letter: Two Democrats to blame for recession

Posted: May 22, 2012 2:00 a.m.
Updated: May 22, 2012 2:00 a.m.
 

The letter of May 13 claiming it is unfair and dishonest to blame Obama for the poor economy has it backward.

The letter claims, “It was Republican George W. Bush’s administration from 2001 to 2008 that brought the economy to its knees.”

However, it is well-established that the economy was brought to its knees because two Democratic members of the Congress, both chairmen of important committees, Barney Frank and Chris Dodd, convinced or coerced the federal agencies insuring home loans to insure loans to home buyers who would never be able to afford them.

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