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If I recall correctly, the 110th Congress was sworn in Jan 2007, so they'd been sitting for about a year and a half and in session for even less before the market crashed.
And Bush was(is) still president, meaning whatever the Dems negotiated and passed without Republican stonewalling or filibuster had to be signed by him.
How likely did you think that was, in a year?
For your reading pleasure: the 109th Congress: http://en.wikipedia.org/wiki/109th_Congress