You've got your blinders on.
While the US have been on a long, steady downward slope of "statism" the current ‘great recession’ has little to do with it. Do a little reading about the housing bubble. You can't blame it all on the Fannies and Freddies.
I feel the housing bubble came into existence about 20 years ago, five years before the tech bubble. I think it was the combination of the two overlapping manipulations of the financial markets that gave us the perception of prosperity that we had in the Clinton years.
How fleeting it was….