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tatupu70
2010 Mar 30, 4:21am
LOL, this is exactly the same type of argument that many here have used against any conservative who was against such government intervention in health care…. I thought the conventional wisdom here was that if someone was against Federal government-run health care, they were a hypocrite if not also against local town libraries and fire departments? Why do you seem to object now?
Because despite your attempts to frame it as such, this was never mine nor others' argument. Many here have claimed things like "government is never the solution" and whatever that stupid Reagan quote was about the 5 scariest words... In response to them, it has been posted that government does have a place in society and under certain conditions can be more effective than the private sector.
In response to them, it has been posted that government does have a place in society and under certain conditions can be more effective than the private sector.
Exactly correct. But what we have now are a bunch of stodgy old corrupt career politicians who safeguard the speculators at all costs with policy designed to get the money from the little guy into the pockets of the extremely well-fed as seamlessly as possible, most often by employing some kind of populist pretext for said policy.
Private v public seems like a *choose your poison* proposition anymore.
Because despite your attempts to frame it as such, this was never mine nor others’ argument. Many here have claimed things like “government is never the solution†and whatever that stupid Reagan quote was about the 5 scariest words… In response to them, it has been posted that government does have a place in society and under certain conditions can be more effective than the private sector.
How much goverment do you want?
We have Fannie and Freddie. Their mission, with implied backing of the US Gov, is to make US homes affordable. Well as government increased it role, back in the 90s, pushed deeper into affordable housing mission, the end result only made home prices skyrocket and become even more unafforable.
And today, just look at what Goverment is saying regarding falling home prices and high level of foreclosures. Now they are justifing in sorts of ways in keeping prices from falling and keeping homes inflated beyond affordability.
How do these people in Government actually look at the 300% increase in prices over the past 10 years and justify it? Either they dont know and dont understand prices only go up at rate of inflation or they are complete idiots.
Ronald Reagan Quote:
The nine most terrifying words in the English language are, 'I'm from the government and I'm here to help.'
Politics is supposed to be the second oldest profession. I have come to realize that it bears a very close resemblance to the first.
How many actual leaders you see today saying this stuff... they are all careerists!
tatupu70
2010 Mar 31, 2:32am
We have Fannie and Freddie. Their mission, with implied backing of the US Gov, is to make US homes affordable. Well as government increased it role, back in the 90s, pushed deeper into affordable housing mission, the end result only made home prices skyrocket and become even more unafforable
Still wrong.
Vicente
2010 Mar 31, 2:45am
Ronald Reagan "should have" Quote:
‘I’m from the plutocracy, and I'm here to trickle down on you.’
FTFY
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I will never forget what my High School English teacher once said to me.
The key to life is knowing the rules of the game. You don't need to like them, you don't need to agree with them, but you do need to follow them if you want to succeed.
With that thought, it is quite clear that we are operating under new rules. Hard work, diligence, personal responsibility, these "old school" values have been transplanted by gimmicks, bail-outs, hand-outs and other welfare programs.
As it pertains to housing, it is clear that the government will do everything in its power to keep home prices as high as possible.
Take for example the press release from HUD on the "new and improved" foreclosure prevention program (http://portal.hud.gov/portal/page/portal/HUD/press/press_releases_media_advisories/2010/HUDNo.10-058)
My biggest problem with the program is the principal write-downs, which as it is written now, seems to apply to anyone, not just those who were unemployed or suffered a true financial hardship:
First, written down principle does not reward responsible homeowners, it rewards those who were unable, or unwilling, to budget their money and plan ahead. Second, and this is a bit of conjecture on my part, I'd be willing to bet that this "voluntary" program will eventually become mandatory in some fashion.
And so, if the new rules are "borrow as much as you want, because the government will bail you out" well then, perhaps I should change my approach so that it consistent with the new rules of the game.
#housing