While the smoke continues to pollute the environment in the worst economic conflagration most of us have seen in our lifetime, it is time to confront the issue of who to blame. Here is my blame list.

I blame all the sad dreamers who believed you could buy a house for little or no money down and the rest on borrowed money, absurdly convinced that the market for this house would continue to rise. Like any commodity real estate goes up and down. Nothing goes up forever. Worse, the purchase of a house is the first step in an avalanche of expenses, furniture, appliances, carpets, TV sets, things, lots of things. If people who bought a house they couldn’t really afford and all the things that went into it, how did they think they were going to pay for it? How did they buy into the notion that they were entitled to such largesse?

I blame all the pandering and plundering politicians of both parties for passing the laws that made it so easy to purchase these houses for little or no money down. They just threw the faux red meat to the gullible crowd on the premise that the more you give away, the more people will vote to keep you in office. Beware of a politician’s promises. They have one goal that motivates them: to get elected and re-elected. A politician’s office becomes an election campaign headquarters the moment he or she gets elected.

See complete story on The Writer's Life blog, or see other E-Sheets about politics.

Until next time, happy reading!

Warren Adler