by Jeff Sovern
You can read Senator Rubio's speech here. Here's the key language: "a major cause of our recent downturn was a housing crisis created by reckless government policies." He doesn't specify the policies, but he's probably referring to the old, thoroughly debunked, claim that the CRA caused the subprime crisis, something the Republican presidential candidates also said during a debate. Paul Krugman has more here. Sigh. If reality is inconvenient, just repeat something that few people know about and so many will believe it.
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