Yes Home Ownership!
That was going to be the magic formula that turns lib demographic groups like blacks and hispanics into conservatives. Karl Rove had the magic cure, until the Housing bubble (which was a bubble) crashed and those groups (blacks and Hispanics) went even more lib than they were before. It was a disaster making the way for the O nightmare,.
But GWB did get reelected long before the house of cards started falling, which was Sept 2007.
It’s pretty clear if you read that pdf that that was ground zero.
I have no problems blaming Bush, but to blame Bush exclusively it to pretend this housing bubble was created in 5 years or less; it was not.