Just how economically savvy are democrats?

The guys at Redstate have a letter signed off on by the who's who of congressional democrats to ask then President Bush (circa 2004) indicating that tightening home mortgage standards would pose a risk to affordable housing.

Money quote from the letter..........

We write as members of the House of Representatives who continually press the GSEs to do more in affordable housing.

Until recently, we have been disappointed that the Administration has not been more supportive of our efforts to press the GSEs to do more. We have been concerned that the Administration's legislative proposal regarding the GSEs would weaken affordable housing performance by the GSEs, by emphasizing only safety and soundness. While the GSEs' affordable housing mission is not in any way incompatible with their safety and soundness, an exclusive focus on safety and soundness is likely to come, in practice, at the expense of affordable housing.

How we lookin' now?

Maybe someone in the Northern Ohio media can ask Marcy Kaptur about her economic wisdom when she signed this letter.