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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: geode00 who wrote (144362)	10/31/2008 11:00:09 AM
From: TimF	1 Recommendation Read Replies (1) \| Respond to of 173976

The home owner deserves blame as well. Not sole blame, not by a long shot, but many people took out loans they knew they couldn't reliably pay back. That was wrong, more importantly its one of the practical reasons for the current problems. Right now the government is bailing out the pros but doing relatively little still about the individual home owner. Bailing out individual home owners would only make it worse. Esp. since if you let people keep the homes they can't afford and in many cases could never afford, its a real bailout rather than say what AIG got (it got a lot of money, but had to give over most of its equity to get it, and also most of the money was a loan). The equivalent for homeowners would be if the government took over the home, and charged rent for it, but didn't evict the current occupant of the home. Subsidizing an idiotic war is done by all of us even though it is for the benefit of oil companies The reasons for the war have little to do with being "for the benefit of the oil companies". First you say this:People act stupidly in free markets as they do in any other system. Then you immediately say this:People act stupidly in much greater numbers when government policy and pressure creates perverse incentives for their actions as it did in this case. I say both because both are true. There is no contradiction between them. So is this the free market or not? You can't even decide. Its a somewhat free market, but it has lots of government intervention, and much of that intervention is problematic. "they just don't want government to do/control/spend/intervene as much as most governments do now." That's so vague as to be meaningless. Nonsense.