This is what happens when you try to mainstream the short-bus bureaucracy.

Ed generously refers to the federal “helpers” as obtuse. If the federal bureaucracy was a school kid, it would be held back in kindergarten in perpetuity.

The “predatory lenders” we heard so many on the Left caterwauling about when the first ton of manure hit the meltdown fan last year were, more often than not, merely puppets in the Democrat-forced redistribution frenzy.

One of the main prerequisites for buying a ticket on the Big Government train is the ability to ignore history (unless it’s something you want to blame George W. Bush for…). If this had all happened a decade or two ago the repetition of the same formula for disaster would be ill-advised or just plain stupid. For it to happen again almost immediately is unconscionably criminal.

“Ginnie is like an accelerant to a fire,” said Anthony Sanders, professor of real estate finance at George Mason University.

Of course, Team Lightbringer knows of only one fire retardant when it comes to economics: taxpayer money.

We’re begging, don’t help any more.

This entry was posted on Thursday, December 10th, 2009 at 10:47 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply