March 5, 2009 by kjohnson
Democrats are completely responsible for an easily foreseeable problem (the housing meltdown), and yet convince the public that they have no culpability. Why aren't Republicans focused on educating the American people?
Even the NY Times with its excessive liberal agenda predicted the collapse in 1999:
http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A...
Important excerpts:
"Fannie Mae ... has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people ..."
"...Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's."
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