Once again the election cycle finds itself facing an economic crisis square in the face. To have any chance at victory the candidates had better heed the advice given Bill Clinton in 1992, “it’s the economy, stupid”.

So, which candidate, McCain or Obama, has the better plan to help the economy recover? Before we can answer that question we need to know what government can do to help the economy recover.

Today’s mortgage, real estate and wall street crisis starts and stops with Fannie Mae and Freddie Mac. These agencies approved the loans that should have never been made. They are mostly responsible for changing the rules of sound lending practice and insurability and are responsible for putting America’s economy at risk.

So who allowed these two government backed institutions to run amok? Yesterday, Nancy Pelosi, the Democrat House Majority Leader, snapped at reporters saying, “No”…not us.