Hmm, quite complicated and lengthy, there were many mistakes. I feel one place where the economy started to derail was when it was determined buying a house was a right. That allowed for unqualified buyers to purchase homes they couldn’t afford. Many may blame banks for that. Unfortunately, banks typically hold on to loans for the first few months and then sell them to Freddie/Fannie May. Banks didn’t necessarily feel home ownership was a right but Democrats in Congress were pushing the concept. Hence the government (Freddie/Fannie) was buying just about every loan that crossed their desk, regardless if it was a good loan or not. During the Obama years the stock market went up, unfortunately it was going up because the government was propping it up, which helped Obama add nearly $8 trillion to the debt. That’s my take in a nutshell.