Voices - Jeffrey Immelt, Bruce Bartlett, NASDAQ's Bob Greifeld, Jack Kemp

[whoo689]

Is it REALLY possible for homes to be as much as 750 grand or more, even in the most expensive of areas? Call me ignorant, but I doubt in a true housing free market, that would be the case.

[whoo689]

Jack Kemp's an idiot, if this video is a good determinant of his character. He actually thinks nonsense like the CRA and HUD are good for this country? HA! HUD should be abolished immediately. It's not like there aren't low-income firms or people who make houses. They're just not as common. And let's not forget how much government regulation makes these homes expensive. Without all the unnecessary regulations, homes would be so much more affordable. Homeownership is not a 'crisis", either.

[howisbabbyformed]

"And let's not forget how much government regulation makes these homes expensive."

ahahahhahahahahhh

[whoo689]

You're not some big-gov't liberal who thinks that everytime something is expensive, automatically it's the market's fault, do you? Nonsense. Government intervention in a lot of areas causes prices to rise! Unnecessary healthcare regulations are a prime factor in the ridiculously-high costs. It's the same with housing. I didn't mean to say that homes would be cheap w/o regulation, but there are studies and evidence that a lot of regulations unnecessarily raise the costs. Don't be an idiot.

[howisbabbyformed]

Gosh, if only we could make unsafe houses out of pure asbestos, prices would be lower!

You seem to think that regulations are just these ephemeral things with no connection to the fact that houses need to be safe and water needs to be clean, nossir, it must all be the government messing with your money.

[howisbabbyformed]

Administrative overhead and the profit motive attached to denial of care are among the prime factors in healthcare expenses. You would know this if you read about other healthcare systems.

[howisbabbyformed]

Actually, I want to hear your medical expertise, which healthcare regulations are "unnecessary" and why?

[whoo689]

The CRA and Fannie and Freddie may not have "caused" the crisis, but they sure as hell were just a few of the many catalysts. Wall Street greed was certainly fueled and fed by relaxing of lending standards as well as too-low interest rates (Fed-induced) and other rules that really screwed up the market. There would've been NO housing bubble had it not been for federal intervention. And don't forget local, state and federal regulations that end up raising the prices of homes.

[whoo689]

With over 60% homeownership in this country, how can anyone say that there's some kind of "crisis" in people being able to afford and get their own homes. And why do we need to relax standards and give free or ridiculously-low-cost housing to poor folks? What kind of stupid message does that send? "Don't go to college and get a high-paying job and save up for a house because we'll give you one free"?? It's asinine! We have a credit rating system for a reason. Don't relax standards at all.

[mowm88]

He was a complete class act.

[LawrenceTheGreat]

i love this honorable, honorable, Republican. rest in peace, you amazing quarterback