It's still Clinton's fault?

I used to laugh during the Clinton years at how many problems were "Clinton's fault", according to right wingers. It might have been a poorly-cooked steak in a restaurant, but some of the right-wing-haters it was always CLINTON'S fault. They despised the man.

This weekend while surfing some websites, I came upon a right-wing sponsored opinion poll. (I enjoy taking these polls and answering with my left wing spin because I know it confound the poll makers who expect full-throated right-wing support). But I had to laugh at the first question:

Vote today!
1)	Who is most to blame for America’s current economic crisis?
	Clinton Administration and the Democrats in Congress The Bush Administration Wall Street Banks and sub-prime lenders Real estate and mortgage professionals Investors Home buyers >

It's been 17 year since Bill Clinton was elected to office, but he still lingers in the mind of the right-wingers.

Should we tell them it's OBAMA's administration now??

Comments

[filc]

Clinton -> Did nothing to stop the start of the housing bubble, made possible by the fed.

Bush Admin -> Credit/Monetary expansion made available by the Fed.

Wall Street -> Credit received encouraged mal investment due to low interest rates thanks to the Fed.

Banks and Sub-Prime Lenders, even ones who were pressured politically could not have expanded the monetary base as much as they did without the Fed.

Real Estate Mortgage Professionals again could not have done any harm had credit not been so widely and readily available at such unbeleiveable prices. Thanks to the Fed. (Which by the way price of credit is still unrealistically low)

Investors, risky investment, mal-investment, made available due to manipulated interest rates thanks to the Fed.

Home Buyers, who wouldn't normally have the savings and capital available to buy a home all the sudden can because of the cheap credit system thanks to the Fed.

So your last option should say.

Federal Reserve.

Thats the underlying cause. All the malinvestment that surfaced in this financial crises are just symptoms of the root cause.

Thanks!