In response to:

Reelecting Obama Guarantees the Economy Can’t Recover

kenneth416 Wrote: Oct 28, 2012 12:17 PM
No, Mr. Pfister, I disagree with your presumtion. Saint Barack the Second will somehow perform a miracle and bail out everyone. Tomorrow, you can sleep til noon, hang out with the bro's until about 8PM, swilling wine or beer, then mosey on over to your lady's government-subsidized house, smoke a little weed (or something stronger), have mind-blowing sexual relations, and pass out, confident that when you awake the next day, the ground will be covered with manna, which you can simply scoop up with your hand.

Two weeks ago I published an article at stating that housing was ignored by both presidential candidates in the debates and on their campaigns. The economy cannot recover until housing recovers and neither has a chance to recover until the labor market recovers. They are inextricably intertwined.

My thoughts were, good, leave the market alone and allow it to recover without government interference. It was government social engineering, mandating lower lending guidelines that regulators enforced to make sure lenders were meeting quotas for loans to low income people instead of regulators enforcing prudent lending practices, combined with the Fed keeping...

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