Yes, but with this thread you posited the possibility that the recession was engineered by "elites." You can't argue that point without accepting that the Democrats were to blame for creating the housing bubble that triggered the recession. And that the Republicans tried in vain to prevent the disaster. If your position is that it was engineered, then it was done without republican collusion.
2003 Article-BUSH&MCCAIN TRIED TO REFORM FANNIE, BUT BARNEY FRANK SAID FANNIE'S OKAY, DEMS REJECT!
http://ireport.cnn.com/docs/DOC-90601