"Ignoring the housing bubble"...great talking point, but sadly, inaccurate. The most significant obstacle that blocked attempts by the Bush administration to combat the runaway housing/financial sector bubble was a Democratic House that strongly believed in the "affordable housing mission", and obstructed reform and investigation via their stranglehold on the House Financial Services Committee.

http://georgewbush-whitehouse.archives.gov/news/releases/200...

http://www.youtube.com/watch?nomobile=1&v=NQXbT5ZMYaY