Americans, when they were on top of the world, believed in free enterprise and the free market system. Now that this idea has become distorted through the 'education' system and preachings of the the elites Americans, like other nations before them, are sinking into a hole of self indulgent socialism. You cannot fix the problems you have, you can only blame others for causing them.
That's the strongest indication of American helplessness and their can't do attitudes that have become so prevalent today..
I suppose you believe a solution will always be available next Thursday.
If everyone is thinking alike, then somebody isn't thinking. PattonNew opinions are always suspected, and usually opposed, without any other reason but because they are not already common. John Locke
Thanks, I'm going to bookmark it for future reference.Later that year, President George W. Bush signed the American Dream Downpayment Act, a new
program that provided grants to help home buyers with downpayment and closing costs. The act
authorised $200 million dollars per year for 2004‐2007.
In 2004, the 2000 rules were dropped and high‐risk loans were again counted toward affordable
This was in the assumption that Fannie Mae's enforcement of their underwriting standards for
standard conforming mortgages would also provide safe and stable means of lending to buyers who
lacked a prime credit rating. The market continued to perceive that Fannie Mae and Freddie Mac
had an implicit government guarantee which gave them the ability to issue debt at lower rates than
would otherwise have been possible.
We all need laws and regulations, but Medicare, Medicaid, as two examples, are government programs that Americans got along without for almost two centuries. Then they became essential and Americans became hooked. Now if you get Obamacare the health system is screwed as well. You really believe y0u don;t have Socialism?Rise and shine! There no such animal as a free market. Every game in this world has rules and regulations.
Are you hoping it does for the United States what it did for Europe, the Soviet Union, and so on?