Unlike you, I have a good understanding of economics... both nationally and internationally. If you had a ******* brain, you would realize that a fundamental reason why this country got into this ******* mess was out of control consumerism. That is not 'hating captialism', you deluded dumbass. It is critical reasoning. Global trade imbalances are bad for the economy. We got into this clusterfuck because we consume too much and produce too little. Start ******* producing again before we start ******* consuming again. This is basic economics. It is not ******* rocket science. I only wish you had the capacity to understand it.
Now how do you explain that the vast majority of economist actually call the housing bust the reason we are in this mess?
Oh, good grief. You make it sound like there was one cause - there wasn't. There was a whole bunch of issues that, on their own, would have led to economic problems... but this was a 'perfect storm' of several strands of economic issues that dominoed, not just here but around the world. Despite what you might want to think - it was not the fault of one man, or one party, or one sector.
What is clear though... is that real economists (not the partisan twits who use voodoo economics for partisan bullshit)... do not call the housing bust the reason. They call it one reason.... and there was a reason that the housing bust happened.... I have no doubt that you will now rush off to find a bunch of bullshit links to half accurate articles to 'prove' you are right but you are not right.