Keith Nuttle wrote:


For years the social democrats ignored the problems with the home
loans that they pushed on financial institution. There were dozens
of warning from all points in the three years leading up to September
28, 2008.

To the Democrat's credit, they wanted more people moved from the "lower
class" into the "middle class." How to do that was the question.

The Democrats looked at the definition of "middle class." One of the
characteristics of a middle-classer was that he owned his own home.
Therefore, the Democrats concluded, and action that makes home ownership
more wide-spread would move more people in the proper direction.

One of the principle arguments in "Quality Control Thinking" is to ask
yourself "What then?" That is, what's the likely outcome once you achieve
your goal?

The Democrats, regrettably, did not ask that question.

"HeyBub" wrote:

The Democrats looked at the definition of "middle class." One of the
characteristics of a middle-classer was that he owned his own home.
Therefore, the Democrats concluded, and action that makes home ownership
more wide-spread would move more people in the proper direction.

Any idea what the percentage of middle class actually _own_ their home,
versus being mortgagors?

A good argument can be made that you don't actually own anything that can
be confiscated for non-payment of taxes.

--
www.ewoodshop.com (Mobile)