No it was the liberal thought that everyone should own a home. Even if they can't afford it. To many defaulting on loans, caused the housing crisis.You do realize what caused the crash? Bush warned it was coming, while democrats were saying he was wrong. Well unfortunately he was right.Then why we still have record number of people on welfare? Until that number goes down. The economy is still weak. Good try though.
Until the Baby Boom generation dies off, those numbers are going to keep rising. You can thank Bush for tanking their retirement saving with his unregulated "ownership society" speculation orgy.
I forgot that in the conservative goodthinker bubble the housing crisis was caused by Fannie and Freddie. Don't let me disturb your fantasy life