Though
it is only moral and ethical that we would want every U.S.
citizen to have equal access to healthcare and home ownership that we the
people should do whatever it takes to ensure that U.S.
programs are in place.  The only problem with this statement is that there
is a cost associated with maintaining these programs and there is a risk that
every U.S.
citizen must bear and our entire country is at risk as a result.

Let’s
look at the current housing situation. Delinquency and foreclosure rates for U.S.
mortgages continue to rise.  This all began because of sub-prime loans -
they were too easy to give out, but there was an incentive to do so; hence
FREdie Mac and FaNny Mae, and in some cases we were told not to deny people, do
what it takes to get them in a home (we have a moral and ethical reason to
ensure every U.S. citizen has an opportunity to own a home).  Well, in
short, the demand for homes increased too easily but supply was trying to catch
up (so homebuilders raised prices, inflation kicked in, and of course some
homeowners got greedy and flipped homes); therefore the retail price of homes
increased and continued to do so. Some mortgage brokers knew these prospecting
homeowners could not afford these homes, but how could they deny them
homeownership (it's like a plane passenger sitting in the exit isle that
everyone else knows this passenger has difficultly taking care of their own
health but for PC reasons we must look away and convince ourselves that these
unfit passenger can be responsible/capable enough to open up the emergency
exists on the plane?) ultimately these homeowners with these sub-prime notes
could not be responsible/capable to pay the monthly notes, especially after the
resets.  Though the housing program was a moral and ethical thing to do to
make sure U.S.
citizen can own a home did anyone foresee that it would assist in creating of a
housing bubble and eventually a bust?   One would think that the
stimulus remedies provided by the current administration will control the
housing situation; unfortunately not, this is just the beginning.  Because
we thought it was a moral thing to do, and because we set up pseudo government
agencies to get people into homes (we might as well say we attempted to
Nationalize Homeownership) and now we ruined it for the rest of America. 
You see, we made loans too easy, the banks got in trouble, we must ensure the
banks pose no systemic risks, but that leads to less credit in the market, less
credit in the market, less businesses can get loans to expand and to keep some
consistent cash flow, as the depressed emotions contagiously decrease consumer
spending, less products and services are purchased, as a result less revenues
for companies, companies need to streamline production, they begin laying off
employees, more laid off employees contribute to less consumption in the
market, and the cycle continues to depress the economy.  Umm... so what
started off as a Nationalized Housing Program targeted mainly for those who
could not afford a home originally, is now impacting homeowners who were never
considered risky homeowners?  You see, Rising job losses are worsening the
housing situation.  It appears that 10% of the US
homeowners are one payment behind and another 4% are entering
foreclosure.  To give a grimmer picture, in California, Nevada and Florida,
this number is even greater, 25% are delinquent and 12% are in foreclosure.

If
you think this is only isolated to those homeowners that should have not gotten
homes to begin with - got news for you - the housing trend has gotten
worse.  Subprime loans given to the weakest borrowers are now a declining
portion of delinquency/foreclosure rates, while prime loans, given to the most
highly qualified borrowers, are a rising rapidly. Rise in prime delinquencies
is a clear indication that the housing situation is only going to get
worse.  The Labor Department reported increasing jobless claims in July -
what do you think it will be for August?  School is starting up in early
Sept.  That means that after August, home sales report will only decrease,
unless there is another intervention.  So if you own a home and need to
sell, drop the price dramatically ASAP this month, because it is going to be a
Russian Winter in Americathis
year. Of course Swapping your home in America is still an option, but with our
administration thinking of creating another program that is only moral and
ethical to do so (Nationalizing Healthcare) much like FREddie Mac and FaNnie
Mae, GOD knows what are economic future is going to look like when the
Healthcare Bubble pops (easy access for demand of product/service, short supply
- only spells trouble).  If we have not learned from the housing mess we
are surely going to repeat it in the Healthcare arena.