The Spectacle Blog

Getting the Housing Crash Band Back Together

By on 1.3.14 | 1:10PM

Roger Kaplan's piece today chronicles the excesses and outrages of Bill de Blasio's New York City inauguration. I watched some of the ceremonies bleary-eyed on New Years Day, and what struck me most wasn't the new mayor's demagogic address or the blatant attacks on Michael Bloomberg who was sitting only feet away, but the dais itself. The biggest names present were Bill Clinton, Governor Andrew Cuomo, and de Blasio. Cuomo was Clinton's secretary of Housing and Urban Development, and de Blasio worked for Cuomo at HUD. HUD did more during that time to engender the housing bubble and subsequent economic crash than any other. For more on the subject, read the Village Voice's devastating 2008 profile of Cuomo and check out our own Bill Zeiser's examination of the New York governor in this month's issue of The American Spectator.

Liberals are constantly demanding that Wall Street executives at the helm during the 2008 crash be thrown in prison. Yet the three men in government who were arguably most responsible for the recession get to yuk it up onstage and blather on about inequality. Economic justice indeed.

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