anyone really believe this bailout/rescue will fix the problem?
Tags:economic sense, fancy cars, foreign markets, fund managers, moneys,
7
my thoughts…
…D”oh!…
Come upon peeps we all knew it would never work…
Think back, since were people shopping up whim cars as well as second homes? since the value of their initial home skyrocketed, so they refinanced used the equity in their homes to go buy all those whim toys…
now that marketplace has crashed the moneys dusty up. homeowners have been stranded with the 400k loan as well as the residence value around 150k.
just since we giveaway up credit people will still travel divided that creates undiluted mercantile clarity to the struggling family! They already took the income right away the time to run!
Fund managers have been already seeking to unfamiliar markets to deposit the taxation dollars in, as well as for great reason. we have zero in the country, salary have been the fun when compared to price of living.the line in between abounding as well as bad grows wider everyday. Forget middle-class even they find themselves adjacent upon operative bad or about to stick upon the ranks of the jobless!
Lets contend we pass this bill? how prolonged will it take the marketplace to spin around, 3, 4 months? Half the year is some-more likely, in that time we remove an additional 2 million homes to forecloses. Come upon lets be picturesque here this offer fixes noting, not in time during least!
what do we think?
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Bush should be arrested and tried, and sued for letting this country go, maybe he should give back some of that $700 billion profit he made off of gas
I think it’ll fix things in the short run. But if you think about it, the long term affects are much worse than the short term affects. The people who are middle aged (30′s and 40′s) won’t have to worry about much for a while, but the young people will be paying off this debt for the rest of their lives. So will their children’s childrens. Bush really screwed us over.
If the feds are desperate to spend $700 BILLION, they need to inject it into the middle class. As both VP candidates pointed out, the middle class is the engine of this country.
While it still boils down to redistribution (which Biden comically calls "fairness"), it beats the heck out of the current bill!
AHHHHHHHH.
xx
No. It should not have been done.
nothings gonna help really , just has to run its course. The credit thingy has ruined us and our own egos.
both banks and consumers need to be held accountable. i hate rescuing irresponsible people, and businesses, out of a mess that they created. something does need to be done i think, but everyone needs to point fingers not just at banks, but at the consumer as well. no one’s innocent here. any intelligent person knows at one point, home values must come down or at least stop increasing, that the option payments last only temporarily. nothing wrong with that in and of itself. but poor or lack of preparation and planning, that’s irresponsible, stupid and now all taxpayers, dumb and smart, may be forced to bail these dumbass banks out where the dumbass consumers got dup’ed.
i love america!