What passes for thought on the aggressive post-modern Left: The Obama-Biden/PeaceNow/ShootTheNRA/FishWithoutABicycle bumper-stickered Prius runs out of gas. Driver gets out, kicks the bumper, curses the car, and blames the auto industry. Later, he demands Congress raise the mileage on all vehicles to stop this tragedy from happening again. After all, if the car had been able to go further, he wouldn’t have run out of gas.
The long-term “strategy” of the Left on mortgages and home-owning is to create market failure by bullying the banks through the CRA — with threat of punishment and draconic regulation — to loosen their loan requirements, rather than red-lining, to allow more low-income individuals to buy homes. Then, when these people can’t pay their mortgages, blame the bank for the foreclosures and the losses and the financial crash, create a new Consumer Financial Protection Agency to create regulations that require banks to do the due diligence that they did before the CRA on their own. In summary: Create Market Failure, Declare Market Failure, Regulate the Market. It is all about the accumulation of power. These are people who never question a failed policy, because the solution is more power for them, less autonomy and control for the people they regulate.