Tricked?

clipped from pajamasmedia.com Obama may well capture the nomination, but there is an outside chance that he will lose to Hillary all the key states so important in the general elections—California, Florida, Michigan, New Jersey, and New York, Ohio, Pennsylvania, and Texas. Not a good sign for the November elections. Much of the rhetoric of the Obama campaign concerns mortgage and student loans, with the clear implication that the borrower has been victimized, and is need of federal redress. Two observations: prior to the mortgage meltdown, the rhetoric had been “home ownership” or the notion that the “non-traditional” borrower had to be accommodated to get him into a first home. Now such marginal borrowers apparently were “tricked”, or coerced into buying more home than they could afford. The same logic will apply to student loans, It all sounds like 1929, not the entitlement colossus of 2008.