Want a recipe to make a bad problem worse? This is it.
From the WSJ:
Tensions over housing and credit are emerging across the country as voters confront the reality that their biggest personal investment is no longer a guaranteed store of wealth…What is notable in the unfolding fight for Congress is how the collapse of the housing bubble has so swiftly become a defining political issue…
The politicians smell votes in this here crisis, and are latching on.
Though any rational observer will tell you that there is nothing Washington can do to stop the fall or re-inflate home prices, that won’t stop them from trying. Might as well drag a caribou carcass into a pack of wolves and tell them not to eat.
Voters Feel Mortgage Crisis [WSJ]