In response to:

Reelecting Obama Guarantees the Economy Can’t Recover

kenneth416 Wrote: Oct 28, 2012 12:23 PM
Why, pray tell, do our politicians, who universally claim to want to "create more jobs," embrace the Davis-Bacon Act and its counterpart in the various states, usually called "prevailing wages?" It is a fact that such laws increase the cost of building anything by requireing contractors to pay "prevailing wages," which translates to UNION scale. Yet no one dares to attempt to repeal Davis-Bacon for fear of the unions.

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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