It Was Not “Flaws in the U.S. Financial System” that Caused the Great Recession, It Was the Collapse of the Housing Bubble

Our elites work hard to cover up for each other even if it means an almost Trumpian denial of reality. We got another taste of this effort in a New York Times piece on Joe Biden’s actions with regard to China over the years. The piece talks about the massive job loss of manufacturing jobs due to trade in China and then tells us the problem of the Great Recession was about the financial system:

“From 1999 to 2011, competition from China cost the United States more than two million factory jobs, a...