Remember how Democrats tried to help people out a while back? People who didn’t have the money to buy pricey houses. Help people who didn’t have the money to buy pricey houses buy pricey houses, is what it was.
Readers may recall how that one turned out. Spawned the toxic paper asset industry that triggered a thermofinancial war devastating pretty much the entire unsuspecting planet, at least the parts we hadn‘t already blown up with conventional Republican warfare at the time.
It’s a small planet, and fragile, and the econostructure can’t withstand extreme good intentions.
Well, this morning’s online New York Times reports that the Obama Administration is considering a proposal to help people who don’t have the money to refinance their home mortgages refinance their home mortgages. The article is short on details, and the word “unclear” comes up, and the information in the article is attributed to people who weren’t allowed to talk about the information, and to be honest, our staff CPA was too aggravated by all this calamari to get much beyond the fifth paragraph, so we have no idea how the rest of the article went.
What we do have, however, is a suggestion. Clearly, this White House is, well, dysfunctioning seems the best way to put it, dysfunctioning with some kind of learning disability.
Let’s be suspecting this time.
