One glaring example of this dynamic is the 2008 financial crisis in the United States. Many political leaders, particularly those in the Republican Party, attempted to place blame on regulatory bodies and mortgage lenders for the collapse, despite having enacted policies that deregulated significant aspects of the banking industry. The push for homeownership and subprime mortgages, fueled by legislation in the early 2000s, created an environment ripe for the crisis. Even after the damage was done, some politicians pointed fingers at public institutions and the victims of the housing bubble, rather than acknowledging the role their policies played in fostering the environment for the crisis. This kind of shifting blame can seem particularly ridiculous when the causative actions are so directly linked to the very individuals making the accusations.
One glaring example of this dynamic is the 2008 financial crisis in the United States. Many political leaders, particularly those in the Republican Party, attempted to place blame on regulatory bodies and mortgage lenders for the collapse, despite having enacted policies that deregulated significant aspects of the banking industry. The push for homeownership and subprime mortgages, fueled by legislation in the early 2000s, created an environment ripe for the crisis. Even after the damage was done, some politicians pointed fingers at public institutions and the victims of the housing bubble, rather than acknowledging the role their policies played in fostering the environment for the crisis. This kind of shifting blame can seem particularly ridiculous when the causative actions are so directly linked to the very individuals making the accusations.