Quote Originally Posted by Devils Horse View Post
Actually, as I understand it, the housing collapse was caused by the likes of Barney Franks and Chris Dodd who changed fannie and freddy loan terms. 5% or even 0 down, and serious relaxation of credit worthiness. Seriously under qualified buyers got into tons of toxic loans, and those loans got sold around till nobody would buy them anymore. So the housing collapse had little to do with DE regulation, and much to do with vote pandering by congresspeople.

BTW, the Obama administration is still (very quietly) pushing the lending practices that got the collapse rolling to begin with.

I didn't know trade unions were gone. Don't they make up a large portion of Democrat financial support and voter base? If they are dead, then the party they support has not done a very good job for them have they? Also, there are those who believe unions have inflated wages/benefits to the point where companies move manufacturing operations out of the country to remain competitive.

When I started at he company I'm at, there were 40+ manufacturing facilities in the US, but our competitors were already mostly off shore. Now we have maybe 10 facilities in the US, and most of those are for product distribution.
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I guess I'm not sure what government interference is, I believe the lowering of the standards for receiving home loans was what I was referring to and if the two gentlemen you mentioned did that all by themselves and they were not part of our government in control of such things, then i stand corrected... As I have stated before, I'm not a fan of our president and any of our politicians might at any time be scheming to do things we might not approve of... Mr. Horse, I doubt anybody, including you, believe unions are the force they once were and if trade unions were responsible for jobs flooding out of our country then you must believe middle class wages in general were also responsible and if middle class wages have to be reduced to levels of countries where the jobs have gone then our economy will never recover from the direction is seems to be taking... We have the country we have because of the middle class, the upper class and lower class are found all over this planet, when the masses can no longer afford the products and services they produce we might be finished as a world leader.