To be fair, the crash has been caused by a Republican administration that fell in love with the weak dollar, and a Fed which allowed it to happen. The blame properly belongs to the Chaimen, but most people don’t understand that the Chairman of the Fed has more power over the economy than he does. Still he appointed a virtual Democrat, a trader whose seems to know little about wealth creation.
Now what can happen is that Obama made decide not to follow the strong dollar path taken by the previous administration but to adopt some mix that would allow a liberal Congress to have the goodies it wants. He’s got to adopt a moderate economic policy or disappoint a lot of liberals.
It looks like you forgot one “small” thing...the stupid social engenenering...you know, Freddie and Fannie and all the give aways. That kinda..sorta had something to do with Dems, dontcha think?
To be fair, the cause of the crash actually started back in the Clinton adminstration with the heavy expansion of the Community Reinvestment Act coupled with the repeal of the Glass Steigal act. And Greenspan.