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??? Perhaps if government did not regulate housing into unaffordability, we would have avoided this mess. Jack Kemp rised his voice, but most conservatives didn't care as long as their property values kept rising and poorer people couldn't move ibto their neighborhood.
Don't change the subject. You know regulations are there to protect consumers from fraudulent businesses, there is thousands of the shut down by the government every year. You want to get rid of these regulations?
Are you insane?
The government didn't do a good job when it came to mortgage bankers did it now? In fact they used the easing of "regulations" to appease their voters. Now everyone is paying and the banks are STILL in business. So much for "government regulations"
If I have to spell it out to you... In this case government abused it's power ... government regulations for votes. In other cases they do it for money.
Manipulation done in the name of helping the poor, what has government done? They made more poor.
Every economic system is structured around the redistribution of wealth. The only question is in regards to the direction of flow taken by that redistribution: does wealth flow from those with an excess to those with a deficit, or does it flow form those already impoverished to those already living in luxury.
The current system in The United State is designed to ensure the latter. This works out very well for the small number of individuals at the top of the scale, less well for those who are starting with virtually nothing, and seeing that little bit taken away.
As the avarice of the few continues to systematically lower the standards of the traditional middle class, the numbers of disenfranchised Americans will increase accordingly. We are soon to be left looking much like Cuba under Batista: an oligarchy in which a very small fraction of citizens enjoy a lavish and protected lifestyle--while the overwhelming majority of citizens struggle to participate in the basics of human existence.
Since The United States' political system is tightly controlled by a duopoly of hyper-capitalist political parties, it would seem unlikely that change will occur via any kind of democratic process. At any rate, the "American Dream" of past generations has become little more than a historical relic. So, perhaps in a generation or two the revolution will occur.
We are soon to be left looking much like Cuba under Batista: an oligarchy in which a very small fraction of citizens enjoy a lavish and protected lifestyle--while the overwhelming majority of citizens struggle to participate in the basics of human existence.
And then Castro came along promising to save the day. We all see how that worked out. And Obama is making the same promises that Castro did. You might be right, if Obama gets his way, we might be looking like Cuba.
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