Obama administration pushes banks to make home loans to people with weaker credit. Do they just pick what to do next with a dartboard of Bush’s bad ideas?
Let’s work through some assumptions…
They are “intelligent”.
They are ideological, first and foremost.
They can only be offering this solution if they saw the familiar downside as a possibility, even a likelihood.
There is no downside for them. When common sense prevails, and this bubble crashes also, they just dust off the hack attack playbook… demonize and marginalize capitalism and free market economics.
Because just how stupid does it sound for them to say “This time, we will do it right” after a track record like Fast and Furious, Solyndra, Benghazi Embassy Attack and ACA?
I guess incompetence suffices for a reason, but that’s not encouraging either.
I ask you… how have any Democrats intertwined with the past housing crisis paid any price for their part? Has ANYONE on the Dem side done anything to seriously reform Democrat stronghold Fannie Mae/Freddie Mac, and it’s billion dollar addiction to bailouts? Shouldn’t we fix that first?
Seems like a good question for a White House press corps newb wanting to Dan Rather their way to the top.
Not until a Republican goes back to 1600 Pennsylvania Ave.