Economic Whodunit

There was more to drive the bursting of the housing bubble than just the low interest rates and arm twisting by politicians against the lending institutions. Energy prices went through the roof. People who were just getting by suddenly saw their energy cost spike dramatically. I live pretty conservative, but still flet a significant pinch when my gasoline bills nearly doubled along with my electric bills. Suddenly I was $400 / month poorer. If I was living on the edge, I could have been one of those who lost my house. Fortunately, I lived on less than my full salary and also had savings to cushion me in event of an emergency. Many people I know live practically paycheck to paycheck. While government exacerbated the problem (and...