Socialist States of America still not learning the lessons

[Skybird]

http://img.washingtonpost.com/busine...755_story.html

Hoppe-nian predictions in action!

The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place.

President Obama’s economic advisers and outside experts say the nation’s much-celebrated housing rebound is leaving too many people behind, including young people looking to buy their first homes and individuals with credit records weakened by the recession.

In response, administration officials say they are working to get banks to lend to a wider range of borrowers by taking advantage of taxpayer-backed programs — including those offered by the Federal Housing Administration — that insure home loans against default.

Housing officials are urging the Justice Department to provide assurances to banks, which have become increasingly cautious, that they will not face legal or financial recriminations if they make loans to riskier borrowers who meet government standards but later default.

Officials are also encouraging lenders to use more subjective judgment in determining whether to offer a loan and are seeking to make it easier for people who owe more than their properties are worth to refinance at today’s low interest rates, among other steps.

But that Hoppe is right in predicting the political elite acting like this, and that he explains en detail why it is acting like this and will never act any differently, offers no solace.

Not only are politicians totally unscrupulous for the reasons explained by Hoppe - they are also completely immune to any learning effects even if "history" means not events from several decades or centuries ago, but just 5 years.

"Laßt uns die alten Fehler eneut begehen, Genossen!"

I object to the thread title...........
According to the 'Book of Yubba' we ain't Socialist yet.

[Oberon]

I dunno, I think you're socialist today, it's a Monday, isn't it? Oh, no, wait it's still Sunday over there, no, no, you're Fascist at the moment.

No. I was Fascist yesterday.
Today is Sunday here so I'm Agnostic today.
Tomorrow, which is Monday, I'll be Capitalist.

[nikimcbee]

Originally Posted by privateer

I object to the thread title...........
According to the 'Book of Yubba' we ain't Socialist yet.

Damn, you beat me to it.

Last time I looked, promoting home ownership was something the right did...

And what did the wrong do?

[Skybird]

Democracy IS socialism right because of its very basic mechanism by which it is running. The basic principle driving democracy, is redistribution income from private property to the non-private collective. And that is what socialism is about. The plebs demand it. The candidate promises it. Both are accomplices in crime. Democracy is the tyranny of the plebs. An ideal it became just in the past 100 years or so. Before, democracy was seen with utmost contempt and disgust, right back until the ancient Greeks. To say that the Greek "invented" democracy, is only one half of the truth. The other is that they saw it as a big evil that should be prevented, since it necessarily must ruin the state and corrupt society - in pretty much right the ways we see today.

[yubba]

Originally Posted by privateer

I object to the thread title...........
According to the 'Book of Yubba' we ain't Socialist yet.

Soon very soon, you should check out what bite me said this weekend http://www.wnd.com/2013/04/biden-cal...w-world-order/ I really don't want to be living in the woods to get away from you guys the bugs suck here. You know why we haven't learned anything it is because we are still printing money.

[Red October1984]

Originally Posted by privateer

And what did the wrong do?

We're a bunch of idiots, ya know?

[Spoon 11th]

I don't know if this is related. The subject doesn't interest me enough, but here's a video from ReasonTV channel:

Vernon Smith and Steve Gjerstad on Housing and the Never-Ending Recession

"All [economic] recoveries are associated with recoveries in housing...except for the Great Recession, this last one," says behavioral economist and Nobel Prize winner Vernon Smith.

Smith and colleague Steve Gjerstad spoke at Reason Weekend, the annual donor event held by Reason Foundation (the nonprofit that publishes Reason.com). They argue that the recession is far from over and that the lingering effects of the collapsed housing market will be felt for years to come.


35 minutes

Originally Posted by yubba

Soon very soon, you should check out what bite me said this weekend http://www.wnd.com/2013/04/biden-cal...w-world-order/ I really don't want to be living in the woods to get away from you guys the bugs suck here.

Dude. Everyone uses the 'New World Order' thing.
Even the wrestling crowd did that on TV!
And do you believe that was true?

Oh, yea, it's a BIG snake all twined into a ball.
More then one point don't work with all the EVIL plans pointed out by you and others that are allowed internet access.

I'd point out the flaws in details but then they would only invent other crazy stuff that does not add up.

I don't trust this Goverment anymore then I trust common thieves I know.
That don't mean I believe they are able to pull off the stunts you believe they will do.

[Sailor Steve]

Originally Posted by privateer

I don't trust this Goverment anymore then I trust common thieves I know.
That don't mean I believe they are able to pull off the stunts you believe they will do.

As I said way back when the moon landing pictures disappeared: I'll always believe screw-up before I believe cover-up.

[Hottentot]

Has Tribesman been abducted by the aliens?

[Aramike]

Originally Posted by AndyJWest

Last time I looked, promoting home ownership was something the right did...

One would think that promoting responsible home ownership would be something that benefits us all. But promoting home ownership for the sake of such is irresponsible.

Like it or not, not everyone should have the RIGHT to owning a home. Such is still something that should be earned.