The Clinton campaign released a new attack ad against Trump yesterday, accusing him of cheering the housing collapse in order to buy property inexpensively. This was a coordinated assault with Clinton surrogates in key states also making the charge that Trump profited from others’ suffering.
Trump’s response was unapologetic. That is what any smart business owner does — you buy assets when the price falls.
No one should mistake what Clinton and her allies are trying to do here. They are trying to turn Donald Trump into Mitt Romney, who they successfully branded as a “vulture capitalist.”
But it is a very dishonest attack. As Bernie Sanders has pointed out, Hillary didn’t have any moral dilemmas about accepting millions of dollars from Wall Street bankers who were bailed out by the taxpayers.
Leading Clinton’s charge was Massachusetts Senator Elizabeth Warren. But there’s just one problem: Warren has also bought distressed properties and flipped them for profit.
And let’s not miss the bigger picture here. If Clinton and Warren want to talk about the housing collapse, let’s talk about the role big government and left-wing policies played in creating that crisis.
Why did the housing market collapse? At least in part due to left-wing pressure that forced banks to make risky loans.
Gary L. Bauer served in President Ronald Reagan’s administration for eight years, as Under Secretary of Education and as President Reagan’s Chief Domestic Policy Advisor.