I'm also wondering why it is republicans refuse to discuss issues but would rather flit from non-issue to non-issue like a flock of sparrows? If you can't dazzle em with brilliance, baffle them with BS.
Could it be because you've trashed this country and refuse to accept responsibility?
I'm thinking you need a timeout until you learn your lesson.
Here is an issue for you Jhill
An interesting article for all to read if you have not already.http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260
I would like to point out here that our current "credit crisis" has its roots not with the Bush administration but with the oh so wonderful Clinton administration. There was pressure to lower lending standards FNM & FRE in order to increase home ownership among minorities and low income consumers. The thought being currently they only qualified for loans at much higher rates so if they could get a loan underwritten by FNM FRE, always assumed and now proven to be backed by the gov, the rates would be much lower and hence they could afford a home. Seems to have worked ownership among those groups did go up, only now we are paying the price for it.
Don't get me wrong, I think it is a great goal to improve home ownership rates among minorities and low income households. The thing that is wrong with this picture is instead of addressing the underlying issue as to why their credit scores and savings were not up to traditional lending standards, they just decided to lower the bar. We likely would not be in the place we are today if there instead had been credit education and possibly a down payment matching program. This would have given tools to understand and raise their scores and also putting some of their own savings into the home, making it just a bit more painful to walk away from a mortgage.
It is just such a great example of liberal thinking, “its not fair Bob can’t pass the test. We need to make it easier.”
And so to continue on this long post do you think Mr. Obama learned anything from this? Certainly not one small but telling portion of his “Blueprint for Change” is as follows:
"Encourage Responsible Lending Institutions to Make Small Consumer Loans: Obama and Biden will encourage banks, credit unions and Community Development Financial Institutions to provide affordable short-term and small-dollar loans and to drive unscrupulous lenders out of business." Page 15 Blueprint for Change
Really read force lending institutions to make loans at rates below their level of risk, almost certainly resulting in loan losses. All so people don’t have to take responsibility for their finances, but can be assured they will be able to float the unsustainable just a little bit longer and it larger amounts. Again lower the bar instead of raising the people up. As a liberal you may feel all warm and fuzzy inside, but, beware you are doing nothing but ensuring the extended oppression of those you wish to “help” by constantly lower the bar until they can no longer provide for themselves and must live a life on handouts, not the place most people want to be.
Believe me I wish there was a candidate I could really believe in. However, as it far too common I have to choose the lesser of two evils. I'll give you a hint not Obama.