Although I understand that the primary objective of the Obama campaign is getting re-elected, it will make it difficult to discuss the source of the problems facing the country. If we are not focusing our discussion on the source of our problems and its fixes, we will inevitably repeat the same mistakes.
What did cause the economic crisis? The housing bubble. And that, in turn, was the result of a determined federal effort to boost homeownership by, among other things, pressuring banks to lower lending standards.