Liberty, when it begins to take root, is a plant of rapid growth.

- President George Washington

Bad on Bad Economics

Easy money is what created the housing bubble. In order to correct the problem, the market has to correct by bringing prices to an equilibrium with wages, or the Democrats have a solution:

The centerpiece of their plan is a bill by Rep. Barney Frank, D-Mass., the House Financial Services Committee chairman, to have the Federal Housing Administration relax its standards and back up to $300 billion in more affordable, fixed-rate loans for borrowers currently too financially strapped to qualify. [Read]

A big part of what created this problem was the government wanted to encourage home ownership by allowing those not traditionally qualified to qualify. Wait, does that not sound like what the Democrats are trying to resurrect?



posted at 10:43:10 on 05/08/08 by clearpolitics - Category: Economics - [Permalink]

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Comments

Patty Henderson wrote:

all votes should count. That is what the Democratic Party is suppose to be about. The Suprme Court decided an election by one illegal vote and reversed everything we were all suppose to be about. All states should finish voting. Especially if it is further about the media crowning Obama further before all the states have been given a chance. If Hillary is NOT the nominee of the Dem. party. McCain here we come..
05/10/08 22:11:56

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