I didn't say they weren't. I only made a point of comparison to indicate that housing starts are still low, historically speaking, despite high demand. You have to go back to the mid-nineties to find similar numbers.
As for who started the financial crisis that led to the Great Recession, there's plenty of blame to go around. Both parties supported making it easier to get a mortgage. But it was widespread corruption in the mortgage banking industry that ultimately doomed the economy, and federal regulators were largely missing in action in the years leading up to the crash. We all know who was at the wheel when the economy went in the ditch. On the other hand, not a single banker, underwriter or broker has gone to jail for their misdeeds, and they should all thank Barry for letting them off the hook. As long as there's a revolving door between the finance industry and the agencies tasked with regulating it, the cycle is going to repeat itself.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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