Destructive Government Parasites
by Thomas Sowell
Two unrelated news stories on the same day show the contrast between government decisions and private decisions.
Under the headline “Foreclosed Homes Sell at Big Discounts,” USA Today reported that banks were selling the homes they foreclosed on, at discounts of 38 percent in Tennessee to 41 percent in Illinois and Ohio.
Banks in general try to get rid of the homes they acquire by foreclosure, by selling them quickly for whatever they can get. Why? Because banks are forced by economic realities to realize that they are not real estate companies.
No matter how much expertise bank officials may have in financial transactions, that is very different from knowing the best ways to maintain and market empty houses.
Meanwhile, there was a story on the Fox News Channel about schools that are using their time to indoctrinate kindergartners and fourth graders with politically correct attitudes about sex.
Anyone familiar with the low standards and mushy notions in the schools and departments of education that turn out our public school teachers might think that these teachers would have all they can do to make American children competent in reading, writing and math.