Dumb Economics
Here’s a sound-bite [if you read it out loud] from a Huffington Post poster and author Mike Lux:
To let millions of homeowners lose their homes is not just a lack of compassion; it is just plain dumb economics. As President Obama has said, when your neighbor’s house is on fire, it is not the time to worry about whether he was smoking in bed, because the fire might spread to your house pretty fast.
What progressives are arguing in the foreclosure crisis is what we have been arguing throughout American history, that Americans rise and fall together. The American family has to take care of each other, has to look out for each other, especially in the hard times, because the misery of our fellow citizens will spread to the rest of us. It’s an argument based on at least as much on common sense as on compassion, and it is an argument that is built into the very idea of America. As Ben Franklin put it when he and the other brave Americans in 1776 bet everything on American freedom, “If we don’t hang together, we will hang separately.”
Mike Lux is the author of The Progressive Revolution: How the Best in America Came to Be.
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