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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction
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To: tejek who wrote (64034)2/14/2008 12:09:41 PM
From: TimF  Read Replies (1) of 90947
 
Its all coming out now......how the Ayn Rand approach to gov't and letting capitalism run free led to the subprime debacle:

The Ayn Rand approach?

Seriously what planet do you live on? That approach has never been tried here. The government has been heavily involved in this from day 1. The fed pumped money in to the economy, federal , state and local governments pressured banks to lend to minorities and poor people even if they where bad credit risks, the feds give a tax deduction on mortgage interest that they don't give to interest in general (although they used to, and I'm not calling for them to return to that).

And after all that (and more) you say its the fault of the "Ayn Rand" approach because one governor, who used to be an activist attorney general, blames a specific federal office for doing a poor job. Even if the office did a lousy job (and that hasn't be established), that doesn't mean doing a better job would have prevented the problem, and it doesn't even come close to supporting an argument that "the Ayn Rand" approach caused the problem. (Actually the fact that the office exists at all is one more sign that we never came close to anything like an Ayn Rand approach.)
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