Suddenly, without warning, Roy exclaimed (11/6/2010 7:05 PM):
In a word: Yes. There's plenty of proof that the government "helping" actually makes matters worse, extends recessions and creates depressions.
My belief - and this is a free country so you're completely free to disagree with me - is that, in the end, there are MORE homeless and unemployed because the government intervenes. If it would stay the heck out of the free market, the drop might be sharper, but would be shorter lived, and I believe unemployment numbers would have been improving a while back.
I also believe that we'd not be in the boat we're in now if the government hadn't forced banks to make loans easy, and make loans to people that could not afford them. There are other factors, but this simple fact caused the housing crash, which started the downhill snowball.
If the government stayed the heck out of the free market, we'd never have had the housing bubble that burst in the first place.
jmc