Obama has apparently learned nothing from the recent economic collapse. I have pointed to evidence on this previously and of course Obama has some complicity in creating that collapse (on this last point see the first chapter in my book Debacle). But now here is a story from the Washington Post.
The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place.
President Obama’s economic advisers and outside experts say the nation’s much-celebrated housing rebound is leaving too many people behind, including young people looking to buy their first homes and individuals with credit records weakened by the recession. . . .
