Hilary Clinton lost the last bit of respect I had for her

In an op-ed piece in the Wall Street Journal, Hilary Clinton has decided to follow her husband's ill-conceived rhetoric of 'everyone deserves a house' whether they can afford one or not.

"I've proposed a new Home Owners' Loan Corporation (HOLC), to launch a national effort to help homeowners refinance their mortgages. The original HOLC, launched in 1933, bought mortgages from failed banks and modified the terms so families could make affordable payments while keeping their homes. The original HOLC returned a profit to the Treasury and saved one million homes. We can save roughly three times that many today. We should also put in place a temporary moratorium on foreclosures and freeze rate hikes in adjustable-rate mortgages. We've got to stem the tide of failing mortgages and give the markets time to recover."

First off, the government's purchase of the bad mortgages in 1933 helped to continue the artificially high prices in the real estate market, thus delaying the inevitable recovery of the market and lengthening the Great Depression. Prior to the depression we had the same immense credit expansion in the 'roaring 20s' that we saw in the late 90s before the tech collapse, and again in the early 2000s leading up to our current debacle. Apparently no one pays attention to history.

So Hilary wants to make sure that no one that lied about their income to get a mortgage will get kicked out of their homes, like they deserve. Instead, those people that know their limits and either didn't buy houses or bought homes they could afford must subsidize these morons. Basically we get to expand the disgusting entitlement welfare state we have. Thanks, Hilary.

Politicians in the '30s were in love with the idea that there should be a 'home on every lot' because they reaped the benefits of those policies when voters went to the polls. Of course, the average voter was too uninformed to realize that the increased demand for housing was causing home prices to rise, thus reducing the value of the subsidies that the Federal Housing Authority was handing out. So this was the same thing Bill Clinton did during his tenure.

The markets need to be allowed to recover on their own, but "free market" and "capitalism" have become dirty words in this country, so big government is supposed to come in a keep these big bad capitalists from ruining our country. Answer me this: since when did the government gain the credibility to protect our interests? Do people honestly believe that government regulation will make things better? When has the government ever regulated something for the interests of the people instead of their own?

Also remember, the Federal Reserve prints our money and is not part of any government institution, but the Constitution states that only Congress shall have the ability to coin money. Instead our money is printed by a banking cartel. But that's all a topic for another time....