ManusJustus said:
Republicans have always stood for deregulation. Not even cherry-picking the the extreme would make reasonable person think that, compared to Democrats, the Republicans are the ones who stand for regulation. |
First off, conservatives (and therefore Republicans) are not necessarily always for "deregulation" as much as they're for regulation which makes sense and serves a purpose ... Years ago, had you asked many conservative minded people if they supported a regulation that forced a 5% down payment on a home, with a 35 year or shorter mortgage, and no more than 40% of a person's take-home income being devoted to the mortgage many would have supported that.
Beyond that, the interesting thing about the video is (in part) how the Republicans were being attacked for what has been demonstrated was a very valid and pressing concern. The Democrats saw the uncontrolled increase in home ownership of people who (previously) could not afford a home as a great thing, even if it meant that these people were given mortgages which they would never be able to afford and would result in foreclosure ... In other words, social engineering trumped good ecconomic sense and a problem which was easily managed was allowed to grow into a monster.
