Dixie - In Memoriam
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"We didn't see this coming... none of us saw this coming!"
--Vice President Biden commenting on the 2009 Housing and Finance collapse.
--Vice President Biden commenting on the 2009 Housing and Finance collapse.
This is a most classic example of the Rule of Unintended Consequences being invoked by the Vice President. When Barney Frank and Christopher Dodd championed a measure to ease credit requirements for Fannie Mae and Freddy Mac, the 'objective' was to make the "American Dream" possible for more Americans. Oh, it sounded like a splendid idea, even Republicans, including President Bush, were behind it. When the program was first rolled out, both Republicans and Democrats jockeyed to take credit for this wonderful and magnificent measure the government had taken, to make life better for the little guy. Very few politicians were speaking out against it, because they all knew they could always rely on the Rule of Unintended Consequences.
John McCain and others warned, easing these credit requirements would lead to a problem because we were giving homes to people who couldn't afford the loans, but their voices were muted by the celebratory rhetoric from politicos who relished the 'victory' for the little guy. Financial experts warned this would create a bubble in the real estate market, and eventually the chickens would come home to roost... again, the politicians ignored the warning and continued to gloat and bask in the glory of the moment... why? Well, they knew they had the old trusty Rule of Unintended Consequences to fall back on!
You see, with the Rule of Unintended Consequences, they realize anything can be promised, and need, want or desire can be met... we can literally have and do whatever we want, and never have to worry about answering for the consequences, because we can claim they were not the intent. Nobody wanted people who couldn't afford their houses to go into forclosure....that wasn't what was intended to be a consequence. No one wanted the housing and financial sectors to collapse...that wasn't the intent of what they did. So in the aftermath, we are plied with the Rule by Biden... we didn't have any idea this would happen! Unintended Consequences!
We continue to see this today, with the pinheads talking of raising taxes on "the rich." They have developed a perfectly plausible emotive plea, just like the poor people who couldn't get a loan for a house.... Here the "rich" people are with all their money, and we need it! They should pay it! We should take it from them because they don't deserve it and so many people who are suffering and hurting can use it! And everyone, including some moderate Republicans, line up to cheer for government to do something.... take action... raise the taxes on "the rich" so we can help the little guy! Just as before, the financial experts are warning us of the consequences, and just like before, the warnings are being ignored, because the INTENT is such a worthy one, and consequences be damned.
We see this in the pinhead bleats to cut military spending, some here have proposed cutting as much a 40% or more. Okay... what happens as a consequence? Has anyone thought about it? Military bases will have to close, towns will dry up and blow away in the dust, people will lose jobs, not to mention, our ability to defend ourselves becomes weaker. But because the emotive call can be made to morons and fools, it will be made. Those who despise the military, or disagree with recent US military actions, are quick to jump on the Emo-Train, and clamor for everyone else to join them. Cut the military budget by 40%! We don't need to be spending that money on military stuff, think of all the poor needy people it could help... don't even consider any of the consequences of our stupidity. Because, you see, when it comes time to face the consequences, they can look into the cameras and say... We had no idea... no one knew this would happen... We never saw this coming!