Thursday, May 15, 2008

Yesterday Was Perfect

George Will had a great article yesterday which made a great point.

His point is that those who drink the global warming Kool-Aid and those who are screaming bloody murder about the housing "crisis" both make one huge assumption. The huge assumption is that they can identify when things were perfect.

Temperatures around the globe have been in constant flux since the beginning of time, but the rabid environmentalists are of the opinion that the temperature we just passed was perfect. People in Siberia might not agree.

There's pluses and minuses of any climate change. Higher rates of tropical disease may come with rising temps, but cold weather also stresses the immune system as people stay indoors more.

Some coastal areas might have to retreat from rising tides, but usable land will emerge from beneath ice sheets in places like Canada or Greenland where melting ice has revealed signs of former civilization.

Likewise, those people reporting lower housing prices with ever more grave expressions completely rule out the possibility that home prices were too high to begin with.

The Economist reported back in '05 that worldwide home prices had been growing faster than they ever had in history and that we should prepare for

Will asks whether a young couple looking for their first house would consider the lower prices to be a "crisis".

It's slightly ironic that the left has made such hay from falling home prices while simultaneously proclaiming themselves the champions of the poor. Every dollar the average home price drops is -to borrow their terminology- one step closer we come to universal "access" to home ownership.

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