|
I don't think the government can really fix the economy, especially an economy that's in the pits due to individuals who made poor choices in investing in homes they couldn't afford, and lenders who deliberately provided people with loans they knew couldn't afford them. This isn't the first time the housing market has doomed itself. It will 'fix' itself over time. Government policies to bail out those unfortunate enough to be on the losing end will not help. It's like getting a financial credit for doing something wrong, and doesn't do anything to resolve the problem. So, on that note, the Democrats appear to have it all wrong.
Cheap houses will eventually be bought up by investors and either rented out or leased and everything will pick up again after this enormous setback. Like the poster above said, it's a cyclical process.
|