True/False: The Republicans Drive The Economy Into A Ditch

Obama said they did. What do you think? Post your comments below.

Jim Himes, Congressman for Connecticut's 4th District who's running for his second term, and Charles Gasparino, senior correspondent for Fox Business NetworkNew York Post columnist and author of Bought and Paid For: The Unholy Alliance Between Barack Obama and Wall Street were guests on The Brian Lehrer Show today to talk about if it's right to blame the economic crisis on the GOP.

"It is absolutely fair to say that both parties bear some blame for being seduced by the notion that Wall Street and banks could effectively regulate themselves. Seven hundred years of financial history disproves that, and people on both sides got too comfortable with that notion."

--Jim Himes on The Brian Lehrer Show, October 5. Himes' opponent in the race to represent Connecticut's 4th U.S. Congressional District is Dan Debicella, who was a guest on The Brian Lehrer Show in September.

"If you look at what happened with Wall Street risk taking, tax cuts don't even begin to explain why all these banks went out there and started rolling the dice. Listen, they got rid of Glass-Steagall. It wasn't a Republican thing. It was clearly signed into law by President Clinton."

--Charles Gasparino on The Brian Lehrer Show, October 5.

"The difference is for the Republicans, deregulation is a religion: all regulations are bad, all regulations stay in the way of economic growth, which is just plain wrong! This is the song that they sang in the 1930s when they said that the SEC and all the other regulatory institutions put into place to prevent another depression would crush the economy. It was the end of capitalism. In fact, the exact opposite happened."

--Jim Himes on The Brian Lehrer Show, October 5.

"For all his community organizing and all his left wing background, [Obama] did embrace the same notion that Wall Street is part of the administration, almost as an adjunct of the administration."

--Charles Gasparino on The Brian Lehrer Show, October 5.

Listen to The Brian Lehrer Show segment: