tag:blogger.com,1999:blog-4468664660833170893.post1058201352044408710..comments2024-01-08T14:53:19.838-05:00Comments on Bluegrass Policy Blog: Beshear's $37.4 million housing shuffleKelly Smithhttp://www.blogger.com/profile/17249335217299732224noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4468664660833170893.post-73780253365952574482009-04-28T02:45:00.000-04:002009-04-28T02:45:00.000-04:00Free markets work. This sort of pseudo well meanin...Free markets work. This sort of pseudo well meaning Big Nanny government meddling never works. It causes more problems in the long term than it addresses in the short term. Either people can afford houses or they can't. Stop providing temporary assistance that only leads to future failure. A lot of the crashing real estate bubble was the result of government sponsored Freddie Mae and Fanny Mac putting people in houses they can't afford, and the Community Reinvestment Act forcing banks to grant mortgages people couldn't afford. If government wanted to really help these people, it'd stop stealing from them by confiscating a large chunk of their wages as income tax, and it'd stop stealing from them by devaluing their money via the inflation that The Fed creates to feed a voracious bloated government.Bruce Laynenoreply@blogger.com