Pelosi became House Speaker in 06 on similar promises. The economic collapse followed shortly thereafter.
They don’t want things to be good for obvious reasons. Well, people are Walking Away from the Plantation..
The collapse was inevitable. However:
Once the Democrats swept back into power in 2006, they fought to a stalemate all the Bush efforts to reform Freddie Mac and Fannie Mae, promised to raise taxes and impose huge new regulatory burdens on our economy. Expectations are rational, and the overwhelming excess of the Reid/Pelosi Congress strangled the aspirations of our nation’s businesses, and the impending election of Barack Obama was too much for the markets to take; months before the 2008 election, the bottom fell out of the markets and our economy in direct anticipation of the economic horrors to come.
So no, Waters and her ilk did not cause the Great Recession, that was inevitable. But there was a somewhat bipartisan effort to make the aftermath as painfull as possible. We had the slowest economy recovery in history thanks to both the Democrats in power and the RINOs who went along with a combination of big bank bailouts and economic punishment for all businesses.