Actually, it is rthe EXACT OPPOSITE. The Dems. wanted these "no income, no downpayment" loans so that the "working poor" could own their homes. A sweet, liberal thought, no? But it depended on some things that are NEVER true. First, that demand for housing would just increase forever. That there would never be a saturated or supersaturated market. That prices would continue to rise. That "flipping" at a profit was a never ending fact of life. As a result, economic growth would be open ended upward only. Ignoring everything that is economic reality.
This , of course, caused some big problems that were exothermic in the economy. First, when you own the house, you are no longer mobile. Job leaves, you must find/create a new one, try and sell and follow the job, but for a while, at best, you are economically aqueezed. As the low skilled and unskilled labor was no longer mobile, the requirement for that labor had to be filled from SOMEWHERE. Enter widespread illegal immegration replacing domestic migrant workers. The more immegrants, more housing, more immobility, more migrqants, more houses ,more cars, more gas, more more more until , abruprtly, supersaturation, and the problems bergan to crystalize and settle out. Cooling things off, and the cooler it gets, the more crystalizes out, doesn't it?
Bringing us to the completely idiotic but very vervbose Barney Frank. His solution, reheat everything by spend spend created money, the grandfather of Carterism inflation! Viciously unmerciful to retired and other fixed income people, but meaningless to Barney. He, and cohorts , can always arange for Government (THAT'S US FOLKS) to provide him with whatever he wants. And it showes that he has no idea whatever what money and wealth are or how thay are crearted, clearly thinking that printing up paper and calling it money adds to the wealth rather than what it does. What it does is ADD TO POVERTY! To fix THAT matter, he plans to steal the wealth from those who EARN IT! cAN'T SEE THE FLAWS IN HIS "LOGIC"! But, then, he's an idiot,what do you expect?
Interestingly, Barry's saying the same things. No matter how well spoken or lisping you say the same thing, the result is ALWAYS the SAME! You create POVERTY and INFLATION!
Barry ansd Barney who have no empathy whatever would let you freeze and starve in the dark without quam. We've got to be shut of them , and soon.
