Facts on the Financial Crisis

From News Busters

Since the current financial crisis is taking place under a Republican administration it is easy for people to automatically blame Republicans. The media have happily pushed this misconception too. Facts the media ignore are things such as the very groundwork for today’s problems being rooted in legislation created by Jimmy Carter , or that in 2003 President Bush proposed “the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis" that was blocked by Democrats on party lines. However, the media don’t report these very important and significant facts and so it is no wonder that the GOP takes the brunt of the blame in this recent CNN poll.

Read More: Facts on the Financial Crisis
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Related: The Housing Crisis Blame Game