[quote=CONCHO]Despite what Obamanator wants you to believe, the banks are surely not the *only* guilty party in this economic fiasco.
Middle class americans lied,cheated, and atm’d to hell their homes to support a lifestyle they couldn’t afford.
Yep, both true. Now let me propose an analogy. The government institutes a new program to increase efficient use of our roadways — rather than have stop signs and signals which unnecessarily impede the flow of traffic, the government removes all signals, stop signs, and speed limits from the roads. Drivers will now be in control of their own movement — they will need to look carefully both ways before proceeding, of course, and drive only within their own abilities.
When the bodies start piling up and the roads are full of wrecked cars and bleeding wounded, the radio waves will be full of conservative commentators bloviating about irresponsible drivers! It’s all the fault of those irresponsible drivers. They should know that they need to drive carefully — whatever happens to them is their fault!
Not a perfect analogy, but basically the government has been dismantling all of the regulatory mechanisms that could have prevented this housing bubble for the last 30 years or so, under both Democratic and Republican administrations. Why are we surprised at the result?[/quote]
You forgot one critical element. Before, the car dealership/seller would only sell cars to those who can actually drive. The buyer would have to prove to them that they’re responsible drivers. But the government step in and force these car dealership to sell cars to anyone who has a breath. If your dealership don’t want to sell car to everyone, that’s fine, the government just set up their own dealership and sell cars to people you wouldn’t dare sell cars to.
