Numbers   Charts   Ideas

It Must Be The Greedy Bankers, Otherwise...

I just had an epiphany on the Blame the Bankers meme that every Democrat and every liberal instinctively believes as the cause of the Crash of 2008.

I'd always assumed that it was pure cynical political blame-shifting, the natural instinct of the ruling class to find a scapegoat to take the blame for its feckless and foolishness.

Of course, that's what it was, mostly. You can't run a country and admit to your foolishness. That's chalk and cheese.

But you can't discount the bigger picture. You can't discount the fundamentalist faith that liberals have in a wise, educated elite dispensing rational, expert governance from on high.

When the real-estate crash began and then nearly buried the country in the fearful days of September 2008 when the Dow could fall 500 points in one day, the one thing that liberals could not admit even to themselves was that their policy of pushing low-down payment mortgage loans on sub-prime borrowers was just about the most stupid thing anyone ever made into national policy.

It couldn't have been, because liberals are the most educated, most evolved, most compassionate people in America. They could not have just about ruined America as a result of their generation-long pursuit of the great white whale of "affordable housing" for minorities and especially for minorities in "red-lined" neighborhoods.

More ...

Christopher Chantrill Follow chrischantrill on Twitter

Christopher Chantrill is a writer and conservative, and author of Road to the Middle Class. He runs usgovernmentspending.com, the go-to resource for government finance data, is a frequent contributor to the American Thinker. He lives in Seattle, Washington. Click for more.


“I love this guy.” — Steve Ballmer
 
 
Books
Road to the Middle Class shows how people change their culture from country to city. Price: $0.99 at Amazon.
US Govern-ment Spending 2015, from usgovernment-spending.com. Price: $0.99 at Amazon.
An American Manifesto, a vision of the good society after the end of liberalism. Download free draft.
 
Media Content

American Thinker

Weekly opeds starting in late 2003.

American Manifesto

Blog and book. What should America be like in the life after liberalism when civil society replaces the administrative welfare state?

Road to Middle Class

Blog and book. People get into the middle class with the cultural capital of religion, mutual aid, education, and law.

I Want a President...

Yearnings for a wiser ruler.

Rare.us

Blogging from October 2013 to February 2014.

 
Sites

Government Spending

Numbers, charts, analysis of government spending in the US. You can make your own spending charts and download spending data.

Government Revenue

Numbers, charts, analysis of government revenue in the US. You can make your own revenue charts and download tax data.

Government Debt

Numbers, charts, analysis of government debt in the US. You can make your own charts of debt over the years and download data.

Federal Budget

Numbers, charts, analysis of the US federal budget. You can create your own custom charts, and look at budget projections and compare estimated with actual.

Spending 101

Take a course in government spending. It’s free!

UK Public Spending

Numbers, charts, analysis of public spending in the UK. You can make your own spending charts and download spending data.

UK Public Revenue

Numbers, charts, analysis of public revenue in the UK. You can make your own revenue charts and download revenue data.

US President Elections

Results of United States presidential elections.

US Midterm Elections

Results of United States House and Senate midterm elections.

Stuck on Stupid

What went wrong in the nightmare of the Great Depression? For ten long years, American was stuck on stupid.

US Federal Bailout

We all know about TARP at $700 billion and change. But did you know that the total financial bailout of 2008, in spending and guarantees, amounted to over $20 trillion?

Contact