Why is it that when politicians are discussing foreclosure crisis solutions they dont mention the economy?

Question

and several policies and or events in our economic lives whose cumulative effect may have acted like straws being piled on the backs of americans?

Answer 1

Because most of those straws on the backs of Americans were put there by the government itself. If the government now acknowledges that it has made some bad decisions resulting in tragic consequences, then it will not look like the savior anymore.

For now, they can fool most people into believing that the government's policies are designed to protect the average consumer from the bad businesses. Then, they create policies with fancy, sympathetic names that only really benefit the businesses and protect them from experiencing losses. The average American is left watching the news and wondering why, if everything the government does is good, their family is experiencing such financial hardships.

Hope that helps.
ForeclosureFish

Answer 2

IMO, what you are seeing spoken on the news by the politicians is window dressing for how the lending industry will receive the benefit of being "rescued". The point of view presented to politicians comes from lobbyists, not common, ordinary people.

Answer 3

I cannot think of any more basic element of the national economy than mass foreclosures--maybe they can't either.

Answer 4

The predatory lenders ought to be the ones paying fines and bail outs - not the US public.

Answer 5

The economy in the US is as good as it has ever been. There have always been foreclosures. The sub-prime debacle is bad for some people and their banks. It is not bad for everyone.

Answer 6

OR the fact that loans were given to people who couldn't afford them after the fixed period expired.