The Campaigns Against.....

Lots of media campaigns against EVERYTHING! 

The insurance companies are pulling out all the stops against health care reform.  The latest ads are from the U.S. Chamber of Commerce. Why? Does anyone really think that health care doesn't need to be improved and that costs need to be controlled?  Sarah Palin, the Queen of No (or should I saw of "nah") admitted that she and her family went to Canada for health care.  Rush Limbaugh threatened to go to Costa Rico if the health care bill passed.  Costa Rico has socialized medicine. 

Banking regulations?  The banks are going to go all out to fight it. But so long as lenders are rewarded for the number and amount of loans that they generate, all the incentives push the system towards riskier loans that are ultimately bad for too many consumers. 

The mortgage crisis that has led to record numbers of foreclosures and threatened to destroy our economy was fueled by mortgage loans that should never have been approved for people who couldn't afford it.  The bankers and conservative talk radio hosts shout that it was the borrowers' own fault.  They couldn't afford the loans and then cried when they couldn't keep their homes. 

Turn down the volume and think about this for a while.  How many people do you know who would knowingly risk their largest investment, cause their family to be ousted from their home, their kids to have to change schools and court financial ruin.

So what caused it?  And what, if anything, is needed to fix it?  If you have ideas about this, leave comments.  I'll continue this in my next post.