Actually, from what I hear from what Dems call “low information voters”, both parties are blamed.
But the president gets blamed for what happens on his watch, that’s the way it is.
I point out it was Bush, not the Dems, who tried to push through protective regulations on the Mae-s. Democrats blocked it. He doesn’t advertise that, I don’t know why.
Paulson=Goldman Sachs.
Perhaps the “real story” is buried in that issue about stopping short trades. That was drastic. Perhaps the real story is all the financial houses went deeply “short” and their return is coming soon. This is what the current plan is intended to circumvent.
There are also foreign pressures, all those central banks that have been buying American funny money derivatives. Bush, clearly, is responsible for the deficits that he needs these countries to continue to finance. But the “housing market”, really the derivatives market, is what appears to be in “crisis”.
I agree. Bottom line, though, is that I think without a well-crafted bailout, you WILL get Obama and a big Dem house/senate advantage, and I think you might never see a free market here again.