Wasnt this part of the problem?

[RIJIMMY]

Originally Posted by Joe

No, its not a bad thing to get an advanced degree. But if an advanced degree is the ticket to the middle class, then what's been devalued is people, not property.
What's at the crux of the decline and fall of conservatism is this notion that the average worker is valueless simply by virtue of not being a member of the professional class.

joe, we've never had conservatism, ever. Bush was the least conservative ever.
And that notion is ridiculous. Home prices were not driven sky high by that. Household incomes HAVE BEEN ON THE RISE FOR YEARS!! read that line again, on the rise for YEARS. the problem is that people bought more and bigger than they could afford, period. In the past retirees would downsize homes, opening up starter home for new families. But empowered by big 401ks and pensions, they actually bucked the trend and bought BIGGER houses and vacation homes. All along raising the prices of homes. Now, those prices are going down, bad for for homeowners, good for people who want to buy a new home. The Obama plan is like pumping money into the dot.com market so that eBay shares can stay at $400 a share!

so how can a guy who started a business out of his home dealing in high end speciality products, post 9/11 and during the evil Bush years be so critical of the free market? No barriers to entry, no extreme taxes and a populace that can afford to buy?