Barack Obama has now endorsed the idea of a government-engineered freeze in foreclosures, even though when Hillary Clinton proposed the idea earlier this year, he said it could be “disasterous.” He was right then. In addition to further rewarding irresponsible behavior, the problem is that if lenders know that they don’t have the ability to obtain housing assets in the event that people are unable to repay their loans, they will be even less likely to loan money than they already are, making it even harder to get mortgages, and driving up rates. Somewhere, Hillary is spinning in her political grave now that Obama has adopted yet another one of her policy positions that he attacked during the primaries. It’s only a matter of time before he adopts the idea of individual mandates in health care as a means of keeping healthy people in the risk pool.