"We got into this economic mess because of misplaced government interference in the first place. The mortgage crisis that triggered the collapse of our financial markets was rooted in a well-meaning but wrongheaded desire to increase home ownership among people who could not yet afford to own a home.In other words, she`s bought Steve Sailer`s argument, in many VDARE.COM columns, that the Minority Mortgage Meltdown caused America`s first Diversity Recession. She even mentions two details Steve is particularly keen to stress: that the fatal policy was bipartisan; and that, as Steve concluded one recent column, "reality always gets its revenge"
Politicians on the right and left wanted to take credit for an increase in middle-class home ownership. But the rules of the marketplace are just as constraining as human nature. Government cannot force financial institutions to give loans to people who canâ€™t afford to pay them back and then expect that somehow things will all magically work out. Sooner or later, reality catches up with us."