Wednesday, January 30, 2008

Life with Housing Czarina Hillary

This is a fantastic piece from the National Review on the subprime credit
"crisis" in the US. An excerpt:

Life
<http://article.nationalreview.com/?q=MmQyNzE5NmQwNTRlNWViNmRkYmM0ZmEyMzVjOG
JhMTM=> with Housing Czarina Hillary

"What about programs to help out renters who didn't make any money in this
bubble because we were responsible? What about government intervention to
lower the still-high housing prices so we aren't locked out of the market? A
natural correction in the housing market is in order, but the government
seems hellbent to prevent it from taking place. In the meantime, we are
priced out of the market because we aren't willing to get in over our heads
financially (unlike some of these revered homeowners)."

Sorry, responsible Americans. There's no seat at the next State of the Union
address, or the next Hillary Rescue roundtable, for you.

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