“It has everything to do with it. This so-called “collapse” was triggered by the massive defaulting and foreclosures going on with people’s home mortgages. Do you know why so many Americans are losing their homes? To hear the Republicans describe it, it’s because too many working class idiots were given mortgages that they really couldn’t afford. Here’s the truth: The number one cause of people declaring bankruptcy is because of medical bills. Let me state this simply: If we had had universal health coverage, this mortgage “crisis” may never have happened.”
I am sorry but what a moron pushing a clear agenda. He thinks that buying homes at ten times income is ok, but the massive foreclosures are happening in California (and elsewhere) because all those people got sick and had no health insurance? Very few of the people walking away from their homes are filing bankruptcy. His argument is flawed at best, corrupt at worst. Talk about twisting facts to fit an agenda. I don’t disagree with everything he says, but I have far less respect for him after reading what started so well and ended so badly.
