Leftist policy, forcing banks to loan to people who can’t pay back, forcing a practice that the free market doesn’t support -
that’s what caused the meltdown. Leftist policy. Leftist, feelgood, “it works in my head” policy.
NO doubt about that!
But the banks were just as free to NOT make those toxic MBS’s as the people were free to NOT buy a house at the top of a housing bubble.
I don’t disagree, I just see that the left is going to get away with blaming capitalism when so called “capitalism” just sits on it’s hands and pretends nothing is wrong. A lot is wrong.
Truth is, we are not a capitalistic country anymore. Do the great unwashed KNOW that? Don’t think so.
The growing unemployed, underemployed, and the jobless loaded with student debt grad without a job are NOT going to go away. This is not clearing out, the country is jobless and there are more massive layoffs in the pipeline.
The conservatives better wake up, or the marxists among us will get the upper hand, and will appeal to these people who feel left out.
We better have answers, and solutions, and a well pointed finger, better than just the “it’s their fault” line of thinking.