I bet recently you have been hearing a lot about how McCain's chief economic advisor Phil Gramm caused the mortgage/banking/insurance crisis via his bill that removed regulations on those industries to help protect peoples investments.
I have to admit, the liberals make a good argument (even if it is not true). They basically try to convince you that 1) McCain and Gramm pushed through deregulation 2) Deregulation caused the recent financial meltdown, (and here is the leap of logic) so therefore McCain and Gramm helped cause this disaster.
How stupid do they think we are? Just because you helped pass a law doesn't mean you are *for* that law! For example, John McCain said he wouldn't vote for his own immigration bill. See?
But if you get some lib up in your face about how Bush and McCain caused the economy to die in America, just point them to the facts: Obama caused the financial crisis!
"Home mortgages have been a political piñata for many decades," writes Stan J. Liebowitz, economics professor at the University of Texas at Dallas, in a chapter of his forthcoming book, Housing America: Building out of a Crisis.
Liebowitz puts forward an explanation that he admits is "not consistent with the nasty-subprime-lender hypothesis currently considered to be the cause of the mortgage meltdown."
In a nutshell, Liebowitz contends that the federal government over the last 20 years pushed the mortgage industry so hard to get minority homeownership up, that it undermined the country's financial foundation to achieve its goal.
See that?
The reason we are in this giant problem isn't because of McCain and Bush, it is because of Obama and the other blacks (and/or mexicans) who go out and buy houses!
I know that legally black people can own property, and I think changing that would be pretty hard to do in the short term, but isnt' there anything we can DO??? First they killed home values by buying houses in nice neighborhoods, forcing everyone to move if they still wanted to live in a crime free neighborhood, and now they have killed our economy! Something must be done, what can we do?