We had a housing collapse because of liberal housing rules and Fannie Mae and Freddie Mac securing bad loans? No problem! Time for more of the same, says Obama, who is acting without Congress’ aid.
You see, this is all part of the liberal mindset. When the government screws up a market, it’s never the government’s fault. No, no, no, those who don’t have a profit incentive are never wrong. It’s always those who have an incentive to make money who are wrong.
In fact, even though government officials don’t have any skin in the game, if something does go wrong, the reason it went wrong was because they didn’t meddle enough! (many legislators have been exempt from the laws they pass for some time now)
So, clearly, the solution here is to impose more things on the economy that no consumer wants to buy.
Or perhaps it is our fault as American citizens that we aren’t purchasing risky loans! I’m going to make a change for the better: while shopping this week, I’m going to buy some pizza, Oreos, and a few more subprime mortgage security shares. (from Freddie Mac and Fannie Mae of course)
Come on, folks, do your part for our country and buy more shares of risky loans!
Investment disclosure: Nephew Sam does not actually own, nor plans to purchase, any subprime mortgage shares, besides the number the federal government has already bought with taxpayer money.