Oct 03

Sphincters Of Steel

Tag: 2008,economics,politics,stupidityDonna B. @ 2:51 pm

Dominic Lawson: Democrat fingerprints are all over the financial crisis

Of all the characteristics of a successful politician, none is more essential than bare-faced cheek. Never has this been more evident than in the past fortnight, as senior Democrat members of the US legislature have sought to lay all the blame for the country’s financial crisis on the executive arm of Government and Wall Street.Neither of these two institutions is blameless – far from it. Yet when I see such senior Democrats as Barney Frank, Chairman of the House Financial Services Committee, and Christopher Dodd, Chairman of the Senate’s Banking Committee, play the part of avenging angels – well, I can only stand in silent awe at the sheer tight-bottomed nerve of it. These are men with sphincters of steel.

Once again, have supposed “do-gooders” hurt the ones they profess to love and help?

The saddest outcome of all this within America – apart from the crippling cost to the nation’s taxpayers – is that the very people the Democrats had intended to help will be the biggest victims: for many years to come banks will demand the most stringent terms for mortgages to the least well off.

We can hope that won’t be true, but even if it is — if one cannot afford the mortgage payment, it’s better they be denied.

via Classical Values

2 Responses to “Sphincters Of Steel”

  1. amba says:

    As my 90-y.o. father, who was a mortgage banker for over 30 years, says: What the hell is wrong with renting?

  2. Donna B. says:

    There’s nothing at all wrong with renting. And there’s nothing wrong with buying a house one can AFFORD!

    That’s the thing — would you rent a house without checking to see if the person could afford the rent? Of course not. Then why in the world sell a house to them? It’s just more trouble/expense to evict them.