ShaklesOfBigGov
Restore the Republic
Mitt said we should let foreclosures proceed.Why does the reactionary right want the world economy to fail? Seriously, why?
Because in the long run when econmies go into these depressions?
BIG CAPITAL increases its percentage of owership as a result.
YOu know how people like to tell us that there is NO pie to divide?
That's not exactly true when it comes to ownership of the mean of production.
While it is true that in a thriving economy, the pie keeps increasing in size?
In a shrinking economy it isn't.
What IS changing during those times?
Who owns what, that's what changes.
When times are hard assets, that people were buying, but now cannot pay for, lose market value.
That's when big money picks them up at bargain prices from people who must sell them or lose everything.
Huge surprise...people like him will buy them and rent them out.
Actually it would be more benefital to get people back to work so they can AFFORD their mortgages. Do you expect the Federal Government to buy out everybody's home? It's not feasible to even consider it. If people can't afford their current home, they have the option to downsize. It's worked during every other recession this country has had to go through, and it's the ability to use "common sense" when you are in a home you can no longer afford.