This weird juxtaposition comes from the Andrew Sullivan blog, via living pundit Will Wilkerson (besides his cool name, I pick on Will because it's time, not because he's not worth reading altogether or scary, like Malkin, say):
set-up:
consciously or subconsciously, undertake every damn story as a public-opinion-shaping framing [or] counter-framing exercise and eventually forget how to report the obvious interpretation of events.
yet
drum-role, please:
Government-subsidized borrowing [?] gave us the housing bubble ... By zealously [?] pushing home-ownership, federal housing policy
Care to quantify that? Or be original? I mean even a glancing acquaintance with the facts of sub-prime lending would be welcome - god knows, I had to wait ages, because a lot of them have been tied up in private, not government, databases far, far too long.
Ending with this gem of a high-hat:
give some cash to those evicted to help them move on
Home ownership is a good thing, for a host of economic reasons, not just sentimentality, even Bush's economists thought so. Federal housing policy has a role. Calling liquidity a 'subsidy' isn't worth debating.
