In his remarks following the State of the Union address, Sen. Marco Rubio made some outright lies, perhaps the most egregious of which was his assertion that government caused the housing bubble. There is some slight truth to this in that the Fed's soft money policy fed the bubble and government policy favored home ownership (as have all administrations since FDR).
But mostly, the housing bubble was created by years of flat wages, feeding soaring corporate profits which landed in banks so massively that the banks needed to do something with them, especially pushing mortgage loans on people who could not afford them, including increasingly nonstandard mortgages. Rubio's remarks were less a Republican response, and more the first speech of a campaign for the presidency, stroking the right wing base.
Lew E. Jeppson
North Salt Lake
- Senate defeats Obama in Justice nod
- Letter: Religious freedom
- In our opinion: Maintaining balance
- Doug Robinson: Utah man discovers powerful...
- My view: Adoption legislation: Children...
- Sen. Ted Cruz opens 2014 CPAC with...
- Jay Evensen: Don't mess with a great Utah...
- Dan Liljenquist: Count My Vote: Compromise...
- Letter: Minimum Wage insufficient 63
- Has Obama's foreign policy emboldened... 62
- Jay Evensen: Obama could use a dose of... 60
- Letter: Religious freedom 37
- Obama's biggest test: Ukraine 33
- Robert Bennett: Keystone: What... 32
- Michael Gerson: The GOP needs to... 22
- Letter: Reclassify ISPs as common carriers 19