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Politics

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27. Marzo 2013, 06:23:54

Iamon lyme

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Asunto: Re:Isn't that what Fannie and Freddy was all about in the US?

Artful Dodger: "Why is it government never learns? They keep making the same mistakes over and over."

It's not easy to come up with a short answer to that. When government is made up of too many individuals who only work for personal political gain, then anything can happen. A lot of time and effort goes into securing votes and gaining control... so there's not a lot of time left over for actually doing their jobs.

There are short term political strategies, like pressuring banks into making risky home loans to curry favor (i.e., votes) among poorer working class people. We all know how well that worked out.

And then there are long term strategies, like rejecting tort reform so that problems with the health care industry would lead to a government take over... we will know before too long how well that works out.