Debate?
Or doing the job you were elected to do?
Ed Morrissey asks the question. And notes:
We’re in this crisis because government intervened to impose its ideas of “fairness”, “balance”, and “responsibility to one another”. Congress demanded that lenders lower requirements for borrowers and then mandated that Fannie Mae and Freddie Mac buy the bad paper and resell them as securities in order to encourage overzealous risktaking. This is not a free-market failure, it’s a government-mandated collapse, thanks to a Congress that forced “fairness” over discipline and responsible lending. The fact that Obama to this moment still doesn’t understand that shows that he would not just repeat the same mistakes that led to the collapse, but would redouble efforts to mandate “fairness”, “balance”, and “responsibility to one another” — and lead us into the same trap all over again.
