Are you that ignorant to just believe what the White House Blog says as fact?

I think if you did a little research of your own you would be pretty surprised as to what and who actually caused the recession.

HINT! It all started with mortgages and people getting loans and homes they could not afford and should have never received. These loans where chopped up and resold as parts of large portfolios on the secondary market (a normal practice that works when loans are good).

Try and find out who basically told the banks to give out these loans. Nobody from the GOP and in fact the GOP did everything they can to stop it but were called racists by groups like ACORN saying they were denying minorities of the right to own homes. Who cares if they can afford it right?

Better yet, find out who was a part of presenting lawsuits against banks who would not lend lend and LEND some more. HINT! He's now the President of the United States.

Maybe do some research on Freddie and Fannie and see their hand in everything and see who was running them and see which candidate they provided the most financial support for?

But I don't really expect you to actually find out the truth as you take a blog post from the White House as fact.

Maybe you like videos?
http://www.youtube.com/watch?v=1RZVw3no2A4

Try actually doing like it says and Google the info it presents so you can read it for yourself.