Let's get a few things straight. G.W. Bush was not, and never has been, a conservative. Like his father, he is a moderate. Unlike his father, he ran as a conservative thus the reason he won two terms. GW may be a little right of center but the folks who compare him to Ronald Reagan are morons.
The mortgage crisis began under Bill Clinton and on this part of the crisis there can be no argument. Clinton signed the legislation that eased lending restrictions so that anyone with a 500 credit score and an $8 an hour job could buy a house with no money down. The Econonmist had several articles from 1999 to 2001 that all but predicted the mortgage collapse. Hmmm, this is before Bush is president.
When Bush took office, Jim Jeffords, under bribery from the democratic party, became an independent and helped the spineless wimp from South Dakota make sure there would not be any hint of bipartisanship or any legislation that may help the country in any way. Meanwhile, the housing industry boomed and the people beating the drum of economic failure were dismissed as gloom and doomers.
When America temporarily regained its sanity two years later and put Republicans in charge of both houses, the Republicans responded by spending money like cowboy in a whorehouse. This led to the dumbocrats being put back in charge of congress four years later and ultimately to the election of a complete buffoon for president. During the interim democrats were vehement in their protests that nothing was wrong with Freddie Mac and Fannie Mae which, as we all know, is quite the contrary.
What's the point of this rant? The point is that this current economic situation is the fault of both parties and for democrats to continue to lay the blame of our present situation at the feet of the previous president when they themselves are at least 50% to blame is the height of hypocrisy. Hypocrisy, as we all know, is the foundation of liberal ideology. Too bad there is no compromise when the future of the nation is at stake.