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Without getting too deep into politics, I must say that I'm more disappointed than ever about the current state of the election.
Both candidates are running on a platform of change, but the more you listen to them and watch how they act, the more you realize that it's all politics as usual.
It's depressing to think that, despite what the candidates say, we're more out here on our own than ever. (Don't take this to mean I'm in fav
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Comments
10.09.08
Interesting perspective Jason.
These are things that the candidates should probably be telling the American people, but it wouldn't do their approval ratings any good, would it?
It takes balls to be this frank and there's something else to be considered. Are Americans ready for such a harsh reality check? Probably not.
10.09.08
I don't disagree, but on the sub-prime mortgage issue I think you are missing a critical issue: financial institutions specifically targeted people they knew couldn't afford it and then went to a huge amount of work convincing people who didn't know better that it would really be ok. Yes, in the end, everyone is responsible for their own decision, but I have spent the past year watching a neighbor who didn't speak much English and who got HORRIBLE advise from his lender nearly lose his house and put him, his wife and four kids out on the street. Was he ultimately the one who signed the paperwork? Yes. Is it his responsibility? Yes. But should the banker who got a commission on his loan even though there is no way a waiter should have EVER been given over $600k in mortgage (which is a pretty low cost for a home in NYC) going to get slapped? No. Is he going to get dinged when the loan turns out to be unsalvageable? No. Is that acceptable or ethical business? Hell no. Should the financial industry and the individuals who profited have to be held accountable for contributing to this mess? Yes. Will they? Not likely. And that's part of what this election is about: whether or not it will ever happen, people need some HOPE that it could.
10.09.08
Bulshevik, communist baloney!
If I want to own a home, it's my God given right in the ten commandments and the constitution!
Furthermoreplus, if I want to drive 80 mph in my Cadillac Escalade from Burger King to the bar and back again while carrying a piano on the roof then that's my right as an American.
You want to know why? Because we can just bomb Iran and Saudi Arabia and Venezuela and take their oil by force and there isn't a damned thing they can do about it, and I'm starting to wonder why our candidates aren't advocating something like this.
God bless America!
10.09.08
You forgot a few. Otherwise I agree.
Live within your means, cut up your credit card, and start telling your kids no.
10.09.08
Jason. Thanks for this and ditto.
10.09.08
Can you imagine a candidate honestly telling Americans they shouldn't have gotten those subprime mortgages? It may be 100% true, but it'd still be political suicide. Too many voters don't want to hear the truth about what they should have done. They want to hear what things a politician will do to make their lives better, and politicians play on that and tell them they all deserve to own a home. Homeownership is the American dream. No politician is going to admit otherwise.
10.09.08
Nisha and Le'Nise - I disagree. MOST voters have been negatively impacted by this financial situation and MOST voters did not get a subprime mortgage. MOST voters are mad as hell. While they are mad at several different groups of people, one of those groups is the folks on main street living beyond their means, defaulting on their home loans.
Why cater to the small percentage of those who got subprimes when you can preach personal responsibility and please a much, much larger group of people who is desparate to hear some hard truths.
If either McCain or Obama took a brief break from finger pointing and spoke to the American people with some honesty and candor about this mess, it would do wonders for them in the polls.
10.09.08
Are there any statistics on how many people got subprime mortgages?
10.10.08
According to the NY federal reserve data... subprime mortgages represent only 2.6% of total housing units.
10.17.08
Jason, you've outed yourself as a conservative. Nixay any hopes of getting a job in the traditional press, but some of us love it when you remind folks that the government sucks as a nanny.
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