Says Who?

I read with interest the op-ed piece in the New York Times about how underwater mortgages can be used to help save the economy.  www.nytimes.com/2010/09/19/opinion/19hubbard.html

While the idea has many positives going for it, it isn’t without drawbacks, not the least of which is a reliance on mortgage backed securities.  My issue with the idea is how to go about implementing it or any other possible solution.  If the authors of the idea are Republican, the Democrats will be against it and vice versa while Tea party members will raise the usual flags of socialism or government interference, whatever is most likely to win them the race for first place in the daily news cycle regardless of the possible benefit of the idea itself. To paraphrase Samuel Johnson (whose target was the Irish) – The Americans are a fair people –they never speak well of one another.

By Myron Gushlak