Hillary Brings Down The House
2 comments August 8th, 2007
A major financial crisis is underway, in which the collapse of the sub-prime mortgage industry is negatively impacting the U.S. housing market. Hillary Clinton, silent as a church mouse while these problems were well underway months, even years ago, suddenly is vocal on this matter. She has issued, in the name of her presidential campaign, a pledge to assist citizens at risk of losing thier homes to foreclosure, while threatening fire and brimstone upon any sub-prime lender who acted improperly.
It should be clear to anyone not asleep that this is typical Clintonian verbiage. It is only for reasons of political expediency that Hillary Clinton is now vocal on the sub-prime crisis. What was issued by Hillary’s campaign was a well crafted public relations document, not a thoughtful policy reflecting someone who had studied the issue for many years. Since there is no evidence that Hillary Clinton ever did immerse herself in the intricacies of the housing market and mortgage industry, we must assume that this is just another moment of opportunity for the Clinton political machine.
It must be conceded that Hillary Clinton and her accolytes are demonstrating a commanding mastery over their opponents for the Democratic presidential nomination. Senator Clinton is quick to seize on an issue that is topical, and has constructed a capable PR machine to come out with the appropriate press releases.
When it comes to substance on the housing crisis, however, don’t expect much from Hillary Rodham Clinton. She will deliver a performance that will bring the house down, but not in a manner that will be beneficial to the American economy and homeowners facing ballooning mortgage payments.
