August 3, 2011
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One of the many unintended consequences of the political crusade for increased homeownership among minorities, and low-income people in general, has been a housing boom and bust that left many foreclosed homes that had to be rented, because there were no longer enough qualified buyers.
When I was growing up, an older member of the family used to say, "What you don't know would make a big book." Now that I am an older member of the family, I would say to anyone, "What you don't know would fill more books than the Encyclopedia Britannica." At least half of our society's troubles come from know-it-alls, in a world where nobody knows even 10 percent of all.
The theme that most seemed to rouse the enthusiasm of delegates to the Democratic National Convention in Charlotte was that we are all responsible for one another -- and that Republicans don't want to help the poor, the sick and the helpless.
Those who are impressed by words seem to think that President Obama made a great speech to Congress last week. But, when you look beyond the rhetoric, what did he say that was fundamentally different from what he has been saying and doing all along?