Obama has been President for almost 6 years so blaming Bush doesn't work any more.
Carter has not been president for more than 25 years, but that didn't stop the Right from blaming Bush's housing crash on Carter and Clinton. Bush owns everything that goes wrong for the next 19 years.
Carter and Clinton share the blame for signing the bills that created the housing bubble. Bush deserves criticism for being unable or unwilling to reverse those bills.
Facts don't lie!
True, facts don't lie: "The National Home Ownership Foundation was established in 1968 under the Housing Act. The National Home Ownership Foundation was intended to encourage both private and public organizations to provide opportunities for home ownership for low-income families in urban and rural communities"
Guess who was president when this was established? It wasn't Clinton, It wasn't Carter --- drum roll please --- it was Richard Nixon.
1968, LBJ was the President. Nixon was elected. Nixon did not take the office until late January 1969. Nice try to revise history.
Besides the issues went further back than that.
The issue did go further back, I didn't write that Nixon Signed the bill, for a better example of my meaning read:
"The upshot of the Warren controversy was that Nixon undercut Romney and supported the efforts by Warren and other suburbs to exclude subsidized housing for minorities. In
doing so, however, Nixon affirmed the understanding that HUD's obligation was affirmatively to further equal housing opportunity “on a metropolitan areawide basis.
"The President's statement on equal opportunity in housing, issued on June 14, 1971,
stated:
"Based on a careful review of the legislative history of the 1964 and 1968 Civil Rights Acts . . . I interpret the “affirmative action” mandate of the 1968 act to mean that the administrator of a housing program should include, among the various
criteria by which applications for assistance are judged, the extent to which a proposed project, or the overall development plan of which it is a part, will in fact open up new, nonsegregated housing opportunities that will contribute to decreasing the effects of past housing discrimination. . . . [This] does mean that in choosing among the various applications for Federal aid, consideration should be given to their impact on patterns of racial concentration. In furtherance of this policy, . . .[HUD and all] other departments and agencies administering housing programs . . .will administer their programs
in a way which will advance equal housing opportunity for people of all income levels on a metropolitan areawide basis."
"Established" (meaning a policy) under Nixon and his appointee Romney. You are correct, LBJ passed the law and my post was misleading but not entirely inaccurate.
Link: http://www.prrac.org/pdf/RoismanHistoryExcerpt.pdf