Wrong…….it was George Bush gave bail outs to car companies++  and Barnie Frank  & Dems pushed and pushed  (which was Dem controlled in those days) to let anybody who thought they should own a home a loan regardless of their earning power.  Sadly folks loved that and many lied on their applications and with time realized they couldn’t afford that home and the domino effect…… Then 8 years of no growth Obama.   What a mess !