Pardon My Politics

Former American President Jimmy Carter had always been atypical president. His personal life, his presidency, his political and humanitarian services are totally different than the rest of the American presidents. He has been "cut from a different clay". He has been, and is still considered, a presidential outsider. Yet this does not change the fact that he is a real genuine humanitarian figure.

Most of the debate about the government "doing something" to help homeowners in foreclosure has focused on what it should do. What kind of program should be passed, what the role of the FHA should be, how the Fed can manipulate interest rates lower, and so on. But none of these arguments gets to the heart of the matter, which is what authority the federal government is acting under to help people save their homes. In fact, the question should be, does the federal government even have any authority to help homeowners stop foreclosure? The answer is absolutely not.