Posted on 06/08/2009 8:48:57 AM PDT by dscott8186
It really is amazing how predictable an inevitable disaster is to see. The housing bubble created by Congress, the spike in fuel prices created by Congress (now going for a second go round), massive deficit spending again by Congress and the effect yet to be experienced by printing money, i.e. inflation. The failure of the auto company bailouts is now unfolding, they were supposed to prevent bankruptcy and didn’t and now the inevitable tossing of good money after bad in the vain attempt to save the unions, I mean the car companies.
In the examples I listed above, Congress through its transparently well-deliberated infinite wisdom meddled in the economy to come up with these results. Surely, no one is going to deny placing economically disadvantaged people, prone to layoffs in a financially dicey situation will have any other result than failure? Of course liberals denied this and thus increased the price of gasoline with the drilling ban, the results were predictable and inevitable, unemployment went up and so did mortgage defaults. So what is Congress now laying the groundwork for in regards to selling cars from their newly minted Government Sponsored Enterprises (GSEs)?
(Excerpt) Read more at publiusforum.com ...
Man....I don’t even want to think about it.
Everybody deserves to have a car to live in!
Mel
Yeah, cuz we didn’t learn our lesson with subprime home loans.
Hey, I’ll happily default on a 100% loan for a big, shiny motor home. Every time they try to repossess it, I’ll just drive to another state. Let em try and find me in Canada.
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