Silly me, I thought the housing crisis was caused by Wall Street banks taking on excessive risk via subprime mortgages, and government regulators not recognizing the impending crisis before it threatened the global financial system.
Apparently I was wrong though, because Rick Santorum says high gas prices are actually what caused the housing crisis. Huh- who would have thought it? The Hill blog has the story.
2 comments:
That is QUITE a stretch. Some people will believe it,nonetheless.
If that's true it seems like you could blame a LOT of things on high gas prices. Why pay your credit card bills? Just call and tell them that you can't afford it after paying for gas. And food is too expensive so someone has to break it to the kids that you have to pay for gas, so they're not going to eat this week.
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