silly question.
The people who live on the left keep up the steady drumbeat that somehow or another it's Bush's fault. Doug Ross has taken the time to put together a concise history of government interference in the housing market - and we thank him.
I think it would be safe to say that in 99.9% of the cases when government tinkers with free enterprise something bad will happen.
President Obama and other Democrats have routinely pinned the blame for the 2008 housing crisis on the mistakes of the prior administration. In fact, two years ago the New York Times published a 5,100-word article alleging that the Bush administration’s housing policies had “stoked” the foreclosure crisis and, therefore, the financial meltdown. Using a variety of governmental mechanisms, the Times alleged, Bush seduced millions of people into mortgages that they ultimately couldn’t afford.
The Times has forgotten -- or, more likely, chosen to ignore -- a long and sordid history of government involvement with housing. read the rest
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