So says “Always Question”, A Laura Ingraham Sucks Contributor.
This falsehood has been at the forefront in the Right Wing Memo for a couple of months now, repeated all over to the point where idiot bloggers have also jumped on the Lie Bandwagon. It is a testament to the collusion between conservative so-called think tanks and the right wing message machine and their stubborn and dangerous tactic of throwing inaccuracies at the wall. It is also a testament to the brazen lies the right wing is willing to feed to the masses, and the masses that willingly drink the Kool-Aid.
Your analysis is spot on. To augment, people need to ask a simple question. When did the real estate collapse/mortgage crisis occur? In the 70s under Carter (whom the right wing is blaming specifically now)? In the 80s, directly after all his “disater ridden” policies? In the 90s? Hell, no.
The current crisis can be directly attributed to the unscrupulous, short-term goals of the Bush Administration. In 2002, he introduced his goals: 5 million new home owners in five years, 1.5 of them minority owners, complete deregulation real estate lending practices that had protected lenders and homeowners alike (in the form of the American Dream and Zero Down Payment Acts) and other stupid things, like altering contracts that had “too many words”-a direct quote from W. Then he went out and sold it, in speech after speech to HUD and other agencies, tying his goals to (what else?) the terrorists.