Yesterday, former Democratic presidential candidate and current Connecticut Sen. Christopher Dodd unveiled a plan to establish what he called the “Federal Homeownership Preservation Corporation,” which would gallop in as savior by purchasing the most troubled mortgage loans from investors and banks and instead move the homeowners in question into loans insured by the Federal Housing Administration.
This came just days after, in a New York Times piece, Sen. Hillary Clinton called for the federal government to take a more active role in the economy, to “get back to the appropriate balance of power between government and the market,” all in hopes to address the “excesses of the market.”
She spoke about inequality, and how the government–rather than the free market–can address it. She spoke about a tax code that is “so far out of whack” in favoring the wealthy at the expense of the other classes, about “offensive” and “wrong” executive pay packages, and about the “systematically diminished … role and responsibility of our government.”
Karl Marx, is that you?