Here's the link to the Wall Street Journal (who has never had a writer(s) busted for receiving a Pulitzer Prize for a fraudulent story) that describes the Democrats negotiating for no effective oversight of their ludicrous Marxist subprime housing mortgage underwriting program.Bush drive for home ownership fueled housing bubble
For much of the Bush presidency, the White House was preoccupied by terrorism and war; on the economic front, its pressing concerns were cutting taxes and privatizing Social Security, a government retirement and disability benefits program. The housing market was a bright spot: Ever-rising home values kept the economy humming, as owners drew down on their equity to buy consumer goods and pack their children off to college.
Lawrence Lindsay, Bush's first chief economic adviser, said there was little impetus to raise alarms about the proliferation of easy credit that was helping Bush meet housing goals.
"No one wanted to stop that bubble," Lindsay said. "It would have conflicted with the president's own policies."
After the Democrats received this, they met their obligation and supported the war in Iraq... for a while.
Everyone is already aware of what happened to our economy after the Democrats assumed complete oversight of it in January, 2007, and watched it collapse after 2 years of Demcorat oversight.