Your point about mortgages is actually correct but misses the point.
People do not lose money, lots of money willingly.
Until Cater and co introduced the concept of redlining mortgages were given out to people who could afford them, when financial institutions were forced by Liberal policies to lend money to those who could not afford it it became a msatter of time till they figured out a way to turn it around and make money off of it.
As for deregulation, I am somewhat puzzeled over why you continue to ignore the fact that DRepublicans did in fact push to reighn in Fannie and Freddie and as I noted there is a pretty well circulated clip on You Tube of an actual commitee hearing where Democrats made clear tey refused to go along with it.
It was Democrat appointees to Fannie and Freddie that made off like bandits and were never held accountable not the Republicans.
As for the wisdom of FDR style economic policies.
FDR was president for over a decade if his policies worked how come the recession lasted throughout his presidency?
Ansewer is that his policies did not work.
After his death Truman began to cut the massive taxes that FDR had implemented and finally the economy began to grow again.
JFK actually gave a pretty good speech about the wisdom of cutting taxes and implemented massive tax cuts that worked.
Another reference is New Deal or Raw Deal by Burt Folsom that does a pretty good job of detailing the impact and utter failure of FDR’s policies (but it’s not like reading as it’s pretty numbers heavy)
To state that the biggest economic boom occurred under Clinto is actually not true as it began under Reagen and coinitued through Clinton.
And to state Reagen did not cut is also an untruth he had a deal with Tip O’neill that cuts would be enacted Tip O’Neill backed out not Reagen.
Now by and large European Countries do in fact have endemic long term unemployment that is way higher the the USA.
Can you find one that is an exception?
Temporariy yes.
But for the one exception Five are collapsing (Portugal, Spain,Italy, Greece, Ireland, and Iceland collapsed years ago) and its a matter of time till the exception follows.
However in a tiny country that has massive natural resources they could pull of f certain things that a large country like the USA cannot simply since it’s cheaper.
Much like Alaska pulls off what other States cannot.
They have a tiny population, massive natural resource,s voiala.
And SS is not inherently sustainible since the model was created at a time when people lived shorter and had more children at this time there is an increasingly fewer amount of people paying in while the people living off it are increaisng rendering it unsustainible.