The far-left hand taketh away.
Global warming has me wrestling with the Dems’ insistence that any Wall Street bailout bill also bail out mortgage holders . . . you know, like that bill they just passed, only more so.
What we have are some folks who lent money to a lot of other folks who, sans state interference, would not have found takers to extend that kind of credit due to the lender’s assessment that they were getting in over their heads. The empirical evidence in the greater metropolitan Washington, DC area informs us that this includes quite a few inhabitants of the McMansion neighborhoods in the exurbs.
The argument is that they must be bailed out because it wouldn’t be right if they can’t keep a house they, under normal circumstances, could not afford.
That is, they need to be kept in their homes until next year, when Congress will consider Energy Committee John Dingell’s legislation phasing out the mortgage-interest deduction for said homes over 3,000 square feet — which is well below McMansion level – because they shouldn’t have the state subsidize such homes due to global warming. They need those homes and, yet, they also don’t.
Quite obviously, we need more state involvement in these markets, not less. It just makes sense.
The policymakers are the same people saying that high energy prices are mean and economically harmful, and we need to force the public onto more expensive energy sources and technologies; that the economic slowdown is the great opportunity to recover by building their desired “green economy” which . . . requires coercing the public into more expensive energy technologies and sources by making the more affordable less so.
While there is often a method to certain of this madness, that is, there is an agenda underlying it the remarkable, bone-headed inconsistencies give me the creeping feeling that all of this is just busy-work for meddlers, and that the last people who should be writing the laws are the lawmakers.





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