Uh, Hillary, Your Hubby Caused the 2008 Recession
by Jack Cashill at American Thinker:
“On the debate stage Monday night, Hillary Clinton smugly repeated the big lie that Democrats have been telling with something close to impunity since 2008.
“We had the worst financial crisis, the Great Recession, the worst since the 1930s,” said Hillary. “That was in large part because of tax policies that slashed taxes on the wealthy, failed to invest in the middle class, took their eyes off of Wall Street, and created a perfect storm.”
In fact, tax policies had almost nothing to do with the recession of 2008. What caused the market crash was the collapse of the subprime market. If that collapse had an architect-in-chief, his name was Bill Clinton. This is not a speculation. It is an easily documented fact.
When Bill Clinton was inaugurated in 1993, the homeownership rate was lower than it had been when Richard Nixon was inaugurated in 1969. Despite increasing prosperity, despite the growth in the condominium market, the numbers were declining.
The Clintons wanted to push those numbers up. If they had been inclined to look, the explanation for the decline was simple enough: the collapse of the two-parent family. From 1970 to 2000, single-parent households, disproportionately black, increased 60 percent. In that same period, married couples with their own children fell from 40 percent of all households to just 24 percent……..” Do continue reading, please!