Let's see...

Dems say "Give mortgages to those who can't afford it."
Repubs say "That isn't a good idea. We recommend that not happen."
Dems say "But, we will have a VERY pretty 'Housing bubble!'"
Repubs say "It's going to burst."

Then the housing market tumbles. The bubble bursts.
The market holds for a little while, then falls with it.
The biggest hurt were (obviously) the lenders forced to give homes to those without credit, and in some cases, without citizenship.

The Dems and Repubs get together and give $700 BILLION to companies that failed. Letting all big companies know that they don't have to be responsible for their mistakes as long as they are big enough and important enough for the country. Or, maybe it was just that the congress (who has the lowest approval rating in the history of the country at 9%... has Bush ever been that low? No.) felt guilty about forcing their hand in putting that chained pen in the hands of those they knew couldn't pay for the loan.

Who recommended all of this? It doesn't matter. Let's focus on the solution, not the problem. I heard a quote recently that said it was as if we had "hired the arsonist who burned down our home to rebuild it." Good analogy, but not great. It is more like giving a monkey a gun and then once the shooting is over, a scalpel to be the surgeon on call.

Maybe there is a reason why in some polls that voters feel that McCain is better suited to handle the economy than Obama. Check out what I posted in AUGUST - LONG before all of this came to a head!

Dems say they can handle the economy.
Dems make illogical moves to prove that they are incapable of currently handling the economy.
Dems ruin the economy.
Obama (D) says that he can handle the economy.
Seems logical to give him the reigns.
That way he can work together with a highly respected democratic congress (9%) to solve our issues in the best way possible - illogically.