Ah, that left wing spin. The crisis was caused by the democrats and their little playground over at Freddie Mac, in addition to the CRA that completely undermined the mortgage industry, another democrat work of art.
Then in prances Obama, the savior. Except the guy is completely unqualified and doesn't have a clue on how to fix things. But, he doesn't really give a crap about the economy, he just wants to spend, increase government power, and take away our freedoms. Throw in his many lies, and here we are. And the sad thing is, the left is satisfied with this destruction of our fundamentals, and would reelect Obama, the worst president ever, in a heartbeat.
And their are very few republicans with the guts to stand up to this rolling disaster, so things are not looking very good for this country, and the polls show it.