In response to:

Romney Was Not the Problem

Godorn1979 Wrote: Nov 24, 2012 12:19 PM
Securitization of sub-prime auto loans in full swing. -- Investors place big bets on Buy Here Pay Here used-car dealers - Private equity firms are investing in chains of used-car lots, and auto loans are being packaged into securities much like subprime mortgages. They're attracted by the industry's average profit of 38% for each car sold http://www.latimes.com/business/buy-here-pay-here/la-fi-buyhere-payhere-day-two-20111101,0,2598239,full.story#tugs_story_display "Investor money is pouring into the industry from several sources, helping Buy Here Pay Here dealers expand their reach and raise their profile." Expect birthers, baggers and conservatives to blame Frank-Dodd for this eventual free market meltdown!

Small minds always leap to the answers given the last time around, which is probably why Maxine Waters keeps getting re-elected. But the last time is not necessarily the same as this time. A terrorist attack is not the same as the Cold War, a war in Afghanistan is not the same as a war in Iraq, and Mitt Romney is not the same as John McCain or Bob Dole.

But since the election, many conservatives seem to be coalescing around the explanation for our defeat given by Jenny Beth Martin of the Tea Party Patriots, who said: "What we...