Thread: The Obamanation
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Old 02-17-2012, 11:23 AM   #1554
Ibby
erika
 
Join Date: Apr 2006
Location: "the high up north"
Posts: 6,127
I guess I misunderstood your argument. I assumed you meant that the president PERSONALLY couldn't do anything about it, not that government at all can't really do much about it. And that's really just a fundamental difference in beliefs, that it is hard to prove one way or the other because there's always a counterargument - because there's always a compromise. For example, I would say that it wasn't JUST the program to offer mortgage deals to the working class that "oops"ed, it was (more importantly, in my view) also a shortcoming on the financial side, with securitization and repackaging and all that fun stuff, that also encouraged banks to offer mortgages to people who REALLY couldn't afford it, etc.
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