Saturday, February 21, 2009

Sowell: Housing Crisis Caused By Government

I am utterly disgusted with the braindead way that people will accept the premise that "we tried the free market with no regulation for the last 8 years and look where it got us." Obama, other Democrats, and so many in the media incessantly repeat some variation of this premise. Every conservative argument for free markets is met with a response that the free market was how we got into this mess, and the voters just voted for change. It makes me want to puke.

The voters voted for Obama and Democrats because the country and the economy had been talked down for 6 years, so Bush's numbers were really low, and we were in the middle of a financial crisis. Every similar situation in American history has resulted in the party that did not have the presidency winning the presidency. Simply put, a lot of ill-informed voters made a big mistake.

The most maddening part of all is that the financial crisis was caused by the housing bubble bursting, and the primary culprits responsible for the housing bubble were DEMOCRATS! Thomas Sowell has a great piece on this.

We truly have put the foxes in charge of the hen-house. The Democrats primarily caused the problem, and then won an election because the Republicans had the presidency when the consequences hit. It is as if the guard-dog let the fox slip by him and nab a hen, so the farmer puts the fox in charge of hen-house security because the guard-dog wasn't doing a very good job.

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