Tuesday, February 28, 2012

Santorum Blames Housing Crisis On- Wait For It- High Gas Prices

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:

vanillajane said...

That is QUITE a stretch. Some people will believe it,nonetheless.

SRTC Staff said...

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.

About SRTC

SRTC is the federally designated Metropolitan Planning Organization (MPO) for Spokane County. Urbanized areas with populations exceeding 50,000 people are required to have an MPO. SRTC was formed to address the county's transportation planning needs. It provides coordination in planning between the public, cities, small towns, the county, the state, transit providers, and tribes.

SRTC offers services including transportation monitoring, transportation modeling, census information analysis, travel demand forecasting, historical traffic count analysis, geographic information systems, and trip generation rates.