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Originally Posted by Locobot
This radio show helped me understand the issue quite a bit better:
http://www.thisamericanlife.org/Radi...spx?sched=1242
One thing that has become clear to me is that the credit crunch/mortgage crisis IS a part of the current Republican fiscal policy. They want the local property tax base to disappear so that local governments and schools are bankrupted. Notice that the only measures they're willing to take are to help out the banks, not property owners.
One of the fascinating parts in the show linked above is when they talk about how peoples mortgages have been sold and split so many times that even figuring out who is owns them can be daunting. |
Mate, its happening in the UK too, and I dont think we have a Republican govt.
Its a global crisis.
But it does seem to me, and this is just my judgment, that fiscal issues arent seen as key in this US election, and what I see is people politicizing it rather than addressing the actual economic levers.