The Republicans blame Democratic efforts to expand home ownership for minorities and the poor by loosening credit requirements. The Democrats blame Republicans for loosening the regulatory oversight on all the debt that flowed from those bad loans.
The mainstream media interpretation has generally emphasized (surprise) the Democratic view of things because the meltdown happened on a Republican president’s watch and because that Republican president happened to be the despised George W. Bush.
[this is why I believe Obama will win: don't underestimate the length the old media will go to get him elected, and their influence over too many Americans who still get their 'news' primarily from TV]
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Monday, October 6, 2008
Meltdown melts McCain
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