1 - A lot of the professionals lost a ton of money. Did they all? No a lot of them did well for awhile. Some of them made out like bandits even including what happened when everything started to fall apart, but its hardly like everything was positive for the professionals. Not that I'm going to cry over their difficulties. They mostly brought it on themselves (even if they where responding to perverse incentives set up by government), but your picture of all or most of the professionals being fraudsters who walked away with a ton of money and all or most of the home owners being innocent victems is simply false.
2. You keep blaming the homeowner.
Not exclusively, or even primarily, I'm just saying they are not without their share of responsibility for the problem, and they don't deserve to be given houses that they effectively never paid for, and can't afford to pay for.
3. The mortgage problem is just a part of the financial mess.
Its the biggest part that's in crisis, and its the trigger for other parts falling apart.
4. If Bush and crew had bothered (remember his speech on this?) to address the mortgage problem
That comment is pretty meaningless "addressing the mortgage problem", can mean tons of different things, including things that Bush and other politicians did both before and after the problems came to a head. Of course much of the addressing before then was negative not positive, even helping to cause the problems, but the issues where addressed.
5. If you don't gain much more from society than the cops, why bother?
- Keeping public order is HUGE, not a "why bother" thing.
- "Government" does not equal "society"
- You do get more from government than "the cops", and I think we should. But much of what government does isn't worth what it costs, and some of it is negative even before considering the cost. Remember where talking about something like $6tril in the US. Arguing for a lower figure is hardly calling for reducing spending to just "the cops". |
