Dems forced banks to lend to anyone, Every other commercial was to take out a second mortgage on you house to take a vacation. The market for debt was the bubble that burst.
Now vast majority of US has less than $500 savings and large portion of home ‘owners’ are technically bankrupt as they owe far more than the house is worth.
The solution that is being applied is to inflate these folks out of bankruptcy and stimulate spending by making things more expensive tomorrow than they are today.
Ownership Society, anyone? Taking a party position on this is dishonest. The real estate bubble that was the foundation of the current depression (let's call it what it by it's real name), created by key dem and rep players and blessed by the establishments of both parties and fueled by cheap money from the fed.