In response to:

A Political Glossary: Part II

immigrant Wrote: Jun 27, 2012 8:24 AM
The way to hell is paved with the good intentions of the democrats. But the increased "access" by the less than worthy black borrowers was a relatively small problem. It took the wall street MBAs to cook up the complicated financial instruments and created a market for the buying and selling of those ill understood subprime mortgages and credit swaps which got all the banks and speculators into the game and created the huge lending bubble. Bad policy magnified 100 times by unbridled wall street greed = disaster.
lemmi Wrote: Jun 27, 2012 8:31 AM
You are right but

The pavement on the liberal road to hell is not good intentions.
dan17 Wrote: Jun 27, 2012 9:10 AM
True, but good intentions is where it usually starts, before the politicians and crooks get into the game. To foil their argument, Sowell always suggests these questions: What concrete evidence do you have? Compared to what? And how much does it cost?
As far as wall street greed goes, fix the system that creates the conditions for corruption first. Then we will talk.
shawn209 Wrote: Jun 27, 2012 9:43 AM
hmmm... the "system" is human beings. We are all generally selfish and look out for our own self interest.
The corruption of wall street happened when CRA forced banks to make loans to people they otherwise would not have done were it not for the regulators and promises of security--that would by your tax dollars.
Corruption is at every level of government non-randomly distributed. The idea is to minimize its impact--because it will always be with us.
In order to do that--you have to minimize the role of government and the "access" bad actors have to compell us to do their will.
dan17 Wrote: Jun 27, 2012 10:02 AM
Exactly my point. The whole purpose of the Constitution was to provide for a government that protected and held the States together while minimizing it's intrusion on them and the individual citizen.
meowbius Wrote: Jun 27, 2012 10:07 AM
"CRA forced banks to make loans to people they otherwise would not have done"

Connect the dots: Obama sued CitiGroup on behalf of ACORN.
Kim D Wrote: Jun 27, 2012 11:09 AM
Meow, the people on this thread connected the dots long ago. The twisted trail blazed by liberal reaction leads nowhere. We follow it to our peril.


Editor's Note: This is part II in a series. Part I can be found here.

Politicians seem to have a special fondness for words that have two very different meanings, so we are likely to hear a lot of these kinds of words this election year.

"Access" is one of those words. Politicians seem to be forever coming to the rescue of people who have been denied "access" to credit, college or whatever.

But what does that mean, concretely?

It could mean that some external force is blocking you from whatever your goal might be. Or it could mean that you just...