Yeah, what you say is exactly what I am hearing from the right, both on the web, radio, and in my own family. The housing and credit crisis was caused by Democrats and the theme is something like this: in their misguided attempt to do good, big government Dem/liberals wanted to and did use GSE (Government Sponsored Enterprises) to carry out a socialist/"entitlement" ideological agenda program, which was to get everyone into a home.
Fannie Mae and Freddie Mac, those two big socialist Democratic companies, were ideologically forced to make loans to blacks, the poor, women, etc. In other words, they were forced against their better judgment to be politically correct, and this crisis just goes to show you what happens when the politically correct get in charge of the economy and have their way. The damaged goes back to Clinton but also to the current Dem congress. Repubs are not in the target sites of this critique.
But basically the crisis was caused by Democratic socialist ideals, is the gist of it.
-B.
Joanna wrote:
"By the way, I witnessed tonight, George Will on Stephanopolous say exactly that, that the crisis had been caused by the govt forcing Fannie and Freddie to loan $ to minorities. In other words, the crisis was caused by excess regulation."