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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (105570)	3/6/2009 10:41:18 AM
From: Paul Kern	Read Replies (1) \| Respond to of 540985

Just where were you during the housing explosion? Where were you during the meltdown?

To: Steve Lokness who wrote (105570)	3/6/2009 10:50:23 AM
From: Sam	Read Replies (1) \| Respond to of 540985

The mess we are in now was created by too much stimulation - not a lack of it. I would say, it was the "wrong kind" of stimulation more than "too much" of it. Building houses is a good thing--as long as it isn't overbuilding based on absurd valuations relative to income and overall wealth. And of course, unrealistically low interest rates. That may be more of a quibble than outright disagreement. But it is important to get it right, because if we don't, we may be against a broad stimulation even if it is the "right" kind.