The Democrats and 0bama also say that the Great Recession was caused by Republican tax cuts for the rich. The fact that the gubmint forced banks to give mortgages to dead beats with bad credit had nothing to do with it. Most people believe it and the Republicans sit on their asses and don’t respond.
Its official name was the “Community Reinvestment Act.” Banks were blackmailed. Communities destroyed. No one reinvested in anything.