Wednesday, April 28, 2010

What we got for those extra 5 points

Take a look at this graphic:

Essentially all of the subsidies and manipulation got us a 5 point temporary bump in the home ownership rate from the postwar norm of about 64 percent.  It also got us trillions in losses and bankruptcies and the Great Recession.  Trillions of wealth destroyed just to move a stupid statistic.  Liberalism isn't a coherent ideology, it's a cargo cult that worships statistics and union bosses.

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