Dubya Apologists

Roy Blunt (R-K Street/Georgetown) is uncomfortable with the fact that the mortgage crisis went down when his boy George W. Bush was president, and when Dubya's boys were running the SEC, Treasury Department, etc.:

Blunt said some credit should be given to former President George W. Bush for warning about the problems of the mortgage regulators for most of his presidency. Blunt said the problem occurred because Bush's warnings were ignored.

"This idea that we inherited all these problems (from the Bush administration), and somehow it's because the government didn't do enough, doesn't really look at enough of the facts," Blunt said.

Warning about the problems of the mortgage regulators? I missed those warnings (as did the Bush Administration), and will be curious to learn how Bush was too impotent as President of the United States of America to tackle any problems with mortgage regulation. 

I would also appreciate a breakdown of why Blunt thinks the Obama Administration has "replaced the politics of hope with despair," while simultaneously (in Blunt's words) acting "like it's going to solve all the problems." 

Photo from Zimbio.com