Another excellent post. Thank you. I agree 100%.
Democrats benefited overwhelmingly from their mechanizations, from credit challenged constituents Democrats were able to coddle into homes to bailing out their buddies investments on the backs of workers and shareholders.
Something that hasn’t been talked about, but probably not planned, is all the contractors and sub-contractors, developers, and supporting small businesses who lean Republican which have been devastated by the culprits actions. Many are left with properties they can’t sell and employees they had to lay off. Granted that’s their problem however such wild speculation would have never arose with sound lending practices.
This is the key point. Like I said, I am not going to take the fall for this because I did not do it and knew what was up from day one. Expansionary monetary polices, are expansionary debt policies and the debt boom always ends in a bust. A lot of folks were on this gravy train, however, at the expense of the rest of us: real estate agents and brokers, banks and mortgage brokers, financial institutions, land and housing speculators, etc. There are plenty of culprits.
But the guilt is not collective.