I don't think I'm wrong about this: The collapse of the sub-prime mortgage market precipitated the economic downturn in 2008. Years of continually relaxed loan underwriting standards at the insistence of politicians and "guaranteed" by the federal government against loss eventually turned rotten. Rather than a gradual downward spiral, the collapse was more like jumping off a cliff.
Not only has the Obama Administration failed to lead America's economy out of the resulting recession, they are aggressively going down the same path the created the problem in the first place. The Washington Post headline below tells the story:
Obama administration pushes banks to make home loans to people with weaker credit
"The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place."
"...administration officials say they are working to get banks to lend to a wider range of borrowers by taking advantage of taxpayer-backed programs — including those offered by the Federal Housing Administration — that insure home loans against default."