Now it is our housing crisis- thanks Uncle Sam

Socialism is worried about who is going to share the meager beans; Capitalism cuts up the steak to share. Whenever government “shares” there comes a marked shortage. Note England’s “shortage” of coal when the government was in charge or the gas shortage in the 1970s when Nixon foolishly tried to ration. The best way to enrich our society is to allow a free market to develop both price and supply.

Our housing market crash seems to me to come because of our government’s platonic ineptitude. In their benevolence to try to loan money they bent the rules of lending to breaking, and furthered their mistake by guaranteeing government backing of all such loans. Now government is forced to pay the piper- only once again we find government pays nothing, and we citizens shall have to pay and pay for this foolish benevolence. How much better it would have been had loan regulations not been relaxed by government- how much richer we would be!

Michelle Malkin's poignant column