The New York Times says that the source of the economic crash begins and ends with George W. Bush. This is beyond partisan and into the realm of propaganda. You want a straightforward explanation for the crash? I’ll give you the straightforward explanation for the crash: Democrats in Congress decided that they were going to ram as many poor people as they could into homeownership by crying “racism” when unqualified buyers couldn’t get loans. There. That’s it. Aside from a few relatively unimportant commas and dotted i’s, that’s the heart of the story right there. It’s the first economic tragedy traceable directly to political correctness.
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