I could not agree with this more with Mr. McCain. The Federal government had a great deal to do with creating the incentives that led banks to issue risky loans. After the bubble burst. The Democrats pounded away on the Republicans blaming Wall Street for doing what they were financially encouraged to do.
For the Democrats it is a win-win-win situation, get constituents in homes they cannot afford taking credit for their magnanimity, create a fiscal crisis that seals two elections Roosevelt-esque style, and create new legislation that allows for greater Federal interference of business in banking.
You have to ask yourself, are that so smart as to devise a plan like that from the start? Or so blindly acting on creating government sponsored charity that all public opinion is bound to fall favorably on their policies.
I think the later.
They Told Me If I Voted for Romney …
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