We basically have to tell people who want to make mortgage loans something terribly radical: Do not lend money to people who can't pay it back... We have made a mistake in this society. The assumption that everybody can be a homeowner is wrong. We pushed and encouraged people into home ownership - people who, in some cases, weren't ready for it. You can't act on wishes that are unrealistic without having negative consequences.
Of course, rather than just being able to speak things that actually make sense, he has to play the race and class cards when speaking about the Republicans blaming the Democrats for the current crisis.
They get to take things out on poor people. Let's be honest: The fact that some of the poor people are black doesn't hurt them either, from their standpoint. This is an effort, I believe, to appeal to a kind of anger in people.
Sigh... can't we just stick with the fiscal responsibility and leave the politics out of it?
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