After reading some of the comments of readers of my blog, I feel the need to further explain, or answer some of what your questions and comments have been about.
While I explained some of the different schools of thought in my analysis post a few days ago, I now realize I didn't really apply, or explain the involvement of the different political parties of today's in the housing issue. This post will hopefully help clear that misunderstanding up.
In regards to the school of thought involving laissez-faire and a more free hand on the economy and housing prices and market from the government, the political party that would share these sentiments would be the Republican party. They believe in a free market and do not think government should intervene in the markets of different industries, housing included.
While the Democratic party on the other hand would traditionally be more adept to agreeing with the idea of government intervention. Historically, the Democratic party have advocated for government investment in the people.
However this current housing situation has brought the Democratic and Republican party in many ways together. While the bailout of 2009 was a Democratic backed legislation, many Republicans believed it really was the right thing to do to help the situation.
I hope this has cleared up a little bit of confusion!!
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