My Little President Can't Possibly Be This Stupid

[thranx]

theprof00 said:
It wasn't the central banks that fucked us, it was ARM companies. Now that those are regulated giving out loans is preferable to what banks are doing now which is not loaning and just investing.
Housing drives the economy. Without homes, people don't buy things like fertilizer, enetertainment systems and big home theater systems, garage door openers, alarm and security, appliances.

thats great for people who can handle and afford a house. but repeating the same mistakes again (getting people in houses that cant make paymnets, driving up housing prices so poeple who can afford cannot and than letting it all fall) is stupid. People having a house doesn't give them more oney to spend investing in their homes. most of these people can barely afford and will be put out when they cant make payments. They were regulated before also. Its sad that the US cant learn from its own mistakes.

 

Edit: I guess it was the repubs the first time, so now its time for the dems to learn the same lesson? Is that what this is?