As housing sales plummet, it may be instructive to draw some parallels:
"Sales of previously occupied homes plunged last month to the lowest level in 15 years, despite the lowest mortgage rates in decades and bargain prices in many areas."
Try this:
"Sales of new high risk pool insurance plans plunged last month, despite the fact that they are readily available and require no underwriting."
Moving on:
"The irony is that, in failure, the GSEs (Fannie Mae and Freddie MAC) have become more important than ever. Private lenders, which once regarded a mortgage secured by a home as a highly safe investment, now see it as highly risky."
Versus:
"The irony is that, in failure, ObamaCare© has become more important than ever. Private insurers, which once provided insurance to some 85% of those not insured by the government, now find themselves unwilling to issue plans on children because of onerous underwriting handicaps."
Of course:
"This means that sudden withdrawals of support might deepen housing's depression."
Or:
"This means that sudden withdrawals of plans and carriers from the market might lead to even more uninsured."
Shall we go on?
Let's:
"The single-minded promotion of homeownership failed and, paradoxically, undermined the American dream."
Meaning:
"The single-minded promotion of providing health insurance to an additional 10-13% of Americans has failed and, as intended, undermined the American dream."
That about sum it up?
[Hat Tip: Ace of Spades]
"Sales of previously occupied homes plunged last month to the lowest level in 15 years, despite the lowest mortgage rates in decades and bargain prices in many areas."
Try this:
"Sales of new high risk pool insurance plans plunged last month, despite the fact that they are readily available and require no underwriting."
Moving on:
"The irony is that, in failure, the GSEs (Fannie Mae and Freddie MAC) have become more important than ever. Private lenders, which once regarded a mortgage secured by a home as a highly safe investment, now see it as highly risky."
Versus:
"The irony is that, in failure, ObamaCare© has become more important than ever. Private insurers, which once provided insurance to some 85% of those not insured by the government, now find themselves unwilling to issue plans on children because of onerous underwriting handicaps."
Of course:
"This means that sudden withdrawals of support might deepen housing's depression."
Or:
"This means that sudden withdrawals of plans and carriers from the market might lead to even more uninsured."
Shall we go on?
Let's:
"The single-minded promotion of homeownership failed and, paradoxically, undermined the American dream."
Meaning:
"The single-minded promotion of providing health insurance to an additional 10-13% of Americans has failed and, as intended, undermined the American dream."
That about sum it up?
[Hat Tip: Ace of Spades]
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