Congress critters signed off on the Community Reinvestment Act that created this mess. Damn them !
After I learned of this, I remember thinking ... "Carter was setting himself up for post presidency by inventing the failed (IMO) Habitat For Humanity program."{
Actually, pretty brilliant;
Set up a way for unqualified people to get loans and then make them build their own home AND pay the loan back.
Pretty slick
Unfortunately, there are people out there who have the public spotlight, such as the guy who did the screenwriting for the Lincoln movie, who go a long way to perpetrate that it was the evil Bush that did this to America, and that Obama is just trying his best to fix it. Reality is, the democrats played tight out of their rule book; create a crisis, get your face on national tv as much as possible and let the people who get the news from TMZ and MTV know that since Bush was in charge, he must be to blame. Throw in a complicit media and your agents in the entertainment industry, and you have the recipe for wrong becoming right.
You have to hand it to them, they now know who their target audience is, and they are going to play to them.
Just ask any of the so called “low information” voters what the Community Reinvestment Act or Dodd-Frank is, and you’ll get the stupidest, most ill informed answers you could possibly think of. Ask them who is responsible for the state of the economy, and you’ll get one answer: Bush.