Comments about ‘Mark Weisbrot: Unfettering private enterprise will keep the U.S. in deep recession’

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Published: Sunday, July 7 2013 12:00 a.m. MDT

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Badgerbadger
Murray, UT

Yeah right, except that he refuses to acknowledge the HUGE fact that government policies created the housing bubble which, upon its burst, set the whole economy on a nose dive. Reckless lending was not the private sector's idea. They were smart enough to know only to lend to those who showed a high probability of paying back.

It was the government think tank's idea, that if money was lent regardless of ability to pay, and instead was lent based on racial quotas, somehow everyone would be better off. The victims of this idiocy were young couples, who couldn't afford the crazy prices of houses, and those approaching retirement who had diligently saved and then lost in the market crash.

Thank goodness the crazy lending has been corrected so houses could again be affordable to young couples, and so scary how the government is again trying to get people to borrow more than they can afford. Do we really want to go down that road again?

Anyone with a brain doesn't.

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