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Old Comments:

2009-02-04 22:53:04
Okay Abe..let's assume for the sake of argument that you're position is correct and that the present economic crisis was caused by laws the US Congress passed..prior to the mid-term elections a couple of years back Republicans had a Congressional majority since the so-called Gingrich Revolution back in 1994..so who was responsible for passing those laws you're talkin' about, Hmmm?
2009-02-04 14:32:11
You can't see me but I'm rolling my eyes in disbelief.
2009-02-04 14:15:45
I doubt we will, or if we do, then it will only be a short lived lesson as americans tend to forget the bad side of things.
2009-02-03 00:09:59
Actually, it was the absence of laws and regulations governing lending practices and mortgage bundling that brought us to our present circumstances...the conservative right has been espousing the magical self-regulating powers of markets for decades.. Milton Friedman, Newt Gingrich, Phil Gramm and the rest of the Apostles of Deregulation have been preaching that sermon for years.. that, and the un-mitigated greed of bankers and financiers scrambling to cash in on the housing bubble they helped create are what caused this mess. Capitalism and free markets are powerful forces for good..prosperity isn't possible without them.. but markets, like fire and whiskey, need to be controlled or they can become destructive...what we are seeing today is the result of a no-holds barred capitalist free market feeding franzy...it's going to be a very painful lesson, so let's hope we've learned something.
2009-02-02 22:44:59
??"And we wonder why we are in a housing crisis."?? I don't understand what this neighborhood has to do with the housing crisis. After reading your header/caption what am I missing? Maybe a picture of the US Congress building would better represent the housing crisis. They created the laws and regulations that led to the crisis.