Tuesday, September 23, 2008

Good Intentions Paved The Road To Subprime-Stoked Meltdown

Quoting IBD Editorials
(I inserted the link):
“As of last year, the homeownership rate among all Americans was 68.1% — up from 63% in 1970. For black Americans, it's up from just below 42% in 1970 to 47.2% last year. It's still below 50%, and still the lowest of any minority group.

Today, Americans might rightly ask 31 years after the CRA was passed whether the more than $1 trillion lent under its auspices did what its proponents promised.”
Answer: Obviously NOT!
But, Socialist Utopian schemes NEVER DO!
The REAL question is: When will they learn?
The answer is: NEVER!

In the “mind” of the Socialist, their ideology (actually, their religion)
is never at fault, ONLY the current implementation.
They are ALL hopeless ideologues. They will NEVER LEARN!

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