GOP-E were stupid and small minded. They were too beholden to bankers and corporations. Illegal immigrants were a death knell to GOP, yet many GOP-E held the bucket for corporate calls to look the other way as illegals stay and undercut US wages and now calls to give them pathway to citizenship. GOP-E supported free trade with China and the shipping of US manufacturing jobs overseas undermining the support and standard of living of blue collar Reagan Democrats. The GOP-E blames the entire financial meltdown on gov and yet ignore the fact many liar mortgage notes bear the name of banks and not federal agencies. GOP-E bailout the bankers in 2008 but tell main street Americans to eat their losses because they are too small to save but Wall Street is too big to fail. GOP-E has been out of touch with blue collar main street Americans, but quick to meet the demands of corporations and bankers. After committing one stupid policy after another, they wonder why they are losing voters. If they had heeded Ross Perot, and Pat Buchanan, the GOP would have won in 2012 on economics and populism. Instead they nominated a Wall Street tycoon instead to represent the party after Wall Street bankers filled our economy with toxic assets and over leveraged gambles and crashed the global economy and putting many Americans into misery.
A party already exists for the Working Class, they are called the Communists. GOP used to represent the Producer class, but have not been doing a good job of it.
I guess there aren't any government regulations forcing banks to give mortgages to people who can't repay it? Remember the "redlining" allegations?