https://wthrockmorton.com/2008/10/06/obamanomics-and-the-subprime-lending-crisis/ A [retired] college psychology professor's observations about public policy, mental health, sexual identity, and religious issues Tue, 07 Oct 2008 14:31:14 +0000 hourly 1 https://wordpress.org/?v=6.8.3 https://wthrockmorton.com/2008/10/06/obamanomics-and-the-subprime-lending-crisis/#comment-19609 Tue, 07 Oct 2008 14:31:14 +0000 https://www.wthrockmorton.com/?p=1687#comment-19609 The main problem I see is the public’s belief that Obama, McCain, Bush, Congress or the Fed can do much of anything about the housing crisis.
The entire federal budget is like $3 Trillion dollars and the housing crisis is many times that size. Worse than that we are a debtor nation and a debtor public. We’ve already shot all of our ammo.
Prices are going to fall and keep falling. Anything the government does will prolong the agony. Once we hit bottom this crisis will be over because banks will feel confident and lend again.

]]> https://wthrockmorton.com/2008/10/06/obamanomics-and-the-subprime-lending-crisis/#comment-19608 Tue, 07 Oct 2008 05:57:42 +0000 https://www.wthrockmorton.com/?p=1687#comment-19608 Maybe it’s because of McCain’s association with Keating and the fact that if we elect McCain then he will be the first person from Congress to be censored to become a president. At the time McCain was concilliatory, saying he shouldn’t have been there. Now I have read he says he was set up. Then there is this…..
http://my.barackobama.com/keatingvideo

]]>