Video Blames Dems For Crisis, Vindicates GOP

Here's an interesting video circling the web (to the tune of 600,000+ views in less than 4 days). The text moves fast to stay in the YouTube 10-minute time limit, it looks like it was done in Windows Movie Maker, and it seeks to lay the blame squarely on one side, but there's no denying the powerful facts included.

In summary, it claims that Clinton's adjustments to the Community Reinvestment Act in 1995 forced banks to make more loans to people with bad credit, and that it was only after this action that housing prices rocketed past overall inflation. It further claims that Bush and McCain tried unsuccessfully to stop these actions and that Democrats resisted such moves because they wanted to keep housing "affordable" and because they were getting the most money from Freddie and Fannie. It reveals that Obama worked for a law firm that attacked banks that weren't making as many "affordable" (i.e. bad) loans as the government mandated, and claims that it is total hypocrisy for Obama to blame Bush policies when it was Democratic actions that caused and propped up the housing bubble.