Friday, March 28, 2008

Economic Policy

I know I saw a clip of the hope and courage, brightness and light candidate saying that he would put a moratorium on foreclosures but I've not seen it in print. Perhaps it's gotten lost amongst his other economic remedies, i.e. fixing things, making the economy better, eliminating the bad, and installing prosperity.

I really hope this gets attention if it is going to be an Obama proposal. It's the kind of thing Hugo Chavez would do; or Jimmy Carter.

You can stop the banks from making a profit, but how do you get them to continue making loans? (assuming you don't bankrupt them) Remember wage and price controls? Government intrusion into the capitalist system doesn't often turn out as expected.

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