CNN

WASHINGTON (CNN) – Michael Steele said Thursday that it's "disingenuous" for Republicans to blame Democrats for their handling of the economy because the GOP "jumpstarted" the situation.

"Look, we can't go back out and start pointing fingers at the Democrats and saying 'Look at how bad they're performing, look at what they're doing with the economy,' when we jumpstarted this thing," Steele said on MSNBC.

"We were the ones who put $700 billion on the table and said 'Alright, let's start nationalizing the banking system,'" he said. "So now for us stand back and go 'Oh look, that's a bad thing to do' is disingenuous."