What Caused the Economic Crisis?

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UPDATE II:  The embedded video has been updated to the new, non-copyright infringing version...


UPDATE: This video has been removed by YouTube due to a copyright claim by the Warner Music Group, presumably over the music playing in the background of the video.  As soon as it is available again, it will be reposted in this blog entry.  ~WS~


Thanks to Senator Jim DeMint's blog for posting this YouTube video which breaks down how we got in this economic mess. 

(If you are unable to view the embedded YouTube video above, please click here.)

The roots of this disaster, as I've long suspected and and as someone who actually lost their home in this debacle, were planted long before George W. Bush took office.  In fact, his administration attempted to deal with the problem not once...not twice...

Seventeen times. SEVENTEEN.  At each turn he was shut down by the Democrats.

This was a time-bomb just waiting to go off.

 


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