Status of American Politics: March 2009 Archives

If America doesn't pursue Pres. Obama's agenda, there is no agenda to follow to meet America's crises and challenges. And if there is no agenda to follow for the next 4 years, America will fail. This is a reality of current events which critics of Obama and his administration refuse to acknowledge, rendering all their criticism irrelevant. Let's examine the veracity and logic of these statements.

A number of folks are trying to affix responsibility for this recession and financial crisis on home buying borrowers. That is illogical, and here is why.

First, for as long as there has been credit, a couple thousand years at least, it has been the lender who bore the responsibility for the quality of the loans they chose to issue. It is the lenders with the experience and mathematical expertise to assess the credit worthiness of potential borrowers. Not the sharecropper, cobbler, or Indian Chief. In a society which functions along lines of specialization of labor, it is the creditors specialized in assessing risk, not their potential borrowers.

Powered by Movable Type 4.25

About this Archive

This page is a archive of entries in the Status of American Politics category from March 2009.

Status of American Politics: February 2009 is the previous archive.

Status of American Politics: April 2009 is the next archive.

Find recent content on the main index or look in the archives to find all content.

Offsite Links