Warren Buffet also said that if he had the ability to borrow 700 bil, he would do exactly what the government is trying to do. It could be a good investment. Not all of these loans will default. There could be a return on this 700 bil investment. A bailout isn’t really the proper terminology. Using the word bailout instead of say investment, tends to lead people to panic.
Are you for real? It's one thing to say we need to act to eliminate a meltdown but it is antithetical to conservative thought to throw around words like "investment". If the very structural deficiencies that brought this crisis on (90% Dem created) are not dealt with in the final bill (how about if you cannot afford the first month's mortgage then, uhh, no mortgage?) because some need to maintain a debate schedule that can be rescheduled whiel a amazingle far-reaching bill is or is not passed then there is no reasoning left in this country.
I could care less what Warren Buffet says. He’s an Obama supporter. I personally don’t want to have to pay for this bailout. I’m a 61 year old female, who raised two kids by herself, and never owned a home. Frankly, I don’t feel like paying for someone else’s f-—ing mortgage.