They also televised video clips of Bush making statements over the past two years assuring that the economy was essentially strong. He apparently had never bothered to look into the impending sub prime melt down even though signs of the abuses were present.

Take a look at this, F. Lee.  The Bush administration did in fact, warn of an impending crisis at Fannie and Freddie which was all but dismissed as nonsense by Congressional Democrats.  See also, Slade Smith's blog entry, "How 'my side' blew it on GSE reform".

New Agency Proposed to Oversee Freddie Mac and Fannie Mae, The New York Times, 09.11.2003

[Insert "witty retort" here.]

Regards,
Scott Perry