Both sides of this argument have valid points and as strange as it may sound, both sides are corect.
Yes the changes and strong enforcement of the CRA was responsible, and yes laws like the CFMA that loosened investment regulations were responsible. But repealing portions of Glass Steagal, as I've so often heard is responsible, gave banks other avenues to generate profit, but didn't play a significant role in causing the crisis.
As a Conservative that generally votes Republican, I was (to put it mildly) shocked by the election results on November 6th, as so many others across America were. Although for several days following the election, I felt inside that Obama's victory made no sense, at that time I simply had no interest what so ever in exploring or analyzing the reasons and just put it out of my mind. Now that the dust has settled and I'm over the initial shock and disappointment, I've been giving increasingly more
As for Obama, in the 2 years leading up to the election unemployment was lowered from 9.8% to 7.9% (higher than when he took office), real unemployment during those 2 years didn't go down at all, and instead remained virtually unchanged at 11.6%, There were 3.7 million jobs created during that period, but unfortunately 3 million of those only covered population growth and the GDP only managed a 2.4% average growth rate during the previous year. Other economic factors
1. Just as there is matter and anti-matter, there is also dark matter and dark anti-matter
2. Before the big bang, our universe was filled with large quantities of dark matter and nothing else.
Our universe currently consists of mostly matter and dark matter (as opposed to anti-matter or dark anti-matter). Matter and dark matter are compatible as we know, but I believe that just as anti-matter and matter destroy each other, the same
Over the last 40 or 50 years the Liberal movement in America has been more effective in bringing about needed change than any other movement in the history of the nation. They have a proud legacy of standing up and fighting for peoples rights and being the voice for victims of discrimination, whether it be for Black's, homosexuals, or women. Their persistence and refusal to shut up in the face adversity has truly changed the country for the better.