Great observation/ insight
This American Life: Episode 366: A Better Mousetrap 2008
Partial excerpt of an interview...
Charles Duhigg: To say that either [political] party had great foresight [of the economy] is completely untrue.
Ira Glass: So the blame for this is bipartisan?
Duhigg: The blame for this is absolutely bipartisan. Both parties deserve a great deal of blame for what happened with the sub-prime mess. And to try and pin the blame on one party or the other really muddies the issue. A crisis like what is going on right now can't develop without everyone fueling it. I mean, we are looking at the biggest crisis in a century. That only happens when basically everyone drops the ball.
Partial excerpt of an interview...
Charles Duhigg: To say that either [political] party had great foresight [of the economy] is completely untrue.
Ira Glass: So the blame for this is bipartisan?
Duhigg: The blame for this is absolutely bipartisan. Both parties deserve a great deal of blame for what happened with the sub-prime mess. And to try and pin the blame on one party or the other really muddies the issue. A crisis like what is going on right now can't develop without everyone fueling it. I mean, we are looking at the biggest crisis in a century. That only happens when basically everyone drops the ball.