Nowhere has there been so much hand-wringing over a lack of "affordable housing," as among politicians and others in coastal California. And nobody has done more to make housing unaffordable than those same politicians and their supporters.
The corporate bailouts, government spending, and money creation via quantitative easing that Congress and the Fed have engaged in since the fall of 2008, have failed to produce even the illusion of prosperity.
The Republicans have won solid majorities in both the House and the Senate. This means they should be able to pass any legislation they want, right?
Wrong. Not when the Republican leadership in Congress doesn’t have the courage to challenge the threat of a presidential veto.