While Pres. Obama wants to blame Bush for everything, it was the Democrats who blocked the reforms of the government mortgage enterprises, Fannie Mae and Freddie Mac, that could have prevented the mortgage bubble and therefore prevented this recession, as these video retrospectives clearly show:and more (hat tip: Roger Kimball):
As the reporter notes at the close of the above video, when it was time to stand up and be counted on mortgage reform, Sen. Obama was silent.
Still more:
PREVIOUSLY:
•Rep. Speier rewrites history
•Financial crisis in review
•Barney Frank and the collapse of housing prices
•How we got in this economic mess
•Those who do not learn from history
As the reporter notes at the close of the above video, when it was time to stand up and be counted on mortgage reform, Sen. Obama was silent.
Still more:
PREVIOUSLY:
•Rep. Speier rewrites history
•Financial crisis in review
•Barney Frank and the collapse of housing prices
•How we got in this economic mess
•Those who do not learn from history
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