One of the Reasons I am voting for McCain

During the last two Democratic Presidencies (Carter and Clinton) laws were passed to make ways for people who couldn’t afford housing to purchase houses. Back in the day, people needed to come up with large down payments to be able to afford houses. The sub/prime loan market was created through the instrumentation of quasi-government agencies Fannie Mae, Freddie Mac and Ginnie Mae, enabling people who previously couldn’t afford houses to purchase houses. The market was artificial and would have died of natural causes, but its life was extended by creative loan instruments such as interest only loans, negative amortization loans and self-certification of income loans. The market finally corrected itself this year. The Democrats would have you believe that the Republicans fell asleep at the switch and should have prevented the economy from falling apart under their watch. But such ideas assume the point in question: that the government, not the free markets, should drive the economy. If the government wishes to help the markets, the best thing they can do is laissez faire [let it be].

I am not heartless. The idea of people that can’t afford homes buying homes is a nice thought. But the way to get there has to be the combination increasing their earnings (through education and effort) and decreasing the cost of houses (through technology). But the Democrats plan to increase taxes and regulations for big business, hindering and removing the incentives for technological progress. Further, they plan to socialize basic needs, dissincentivizing education and hard work. The promise of someone fixing your problems for you sounds nice, but it's not always real.

There are many other reasons why I will vote for McCain, some more important than this, but this is one of them.