The mistake that I think you make Rich, is to attribute all losses to reckless behavior. Over the last 3 years, a lot of industries have suffered, some purely as a result of market conditions, unrelated to reckless behavior. (print media, advertising, auto industry) Many of them have sustained huge losses. It benefits both the reckless and the non-reckless. (All the allied auto industry suppliers, for instance. Some of whom were purely victims of GM’s bad management.)
On the other hand, this was a handout. Had it not been for the builders, (and probably the banks and lenders for that matter) this clause never would have gotten into the law. It was certainly not a stimulus. The builders who received the benefits are still not building or hiring. Nor will they be for the foreseeable future.
