HAH! Please, get over yourself. You and other blowhard around here don’t know what the hell you’re talking about.
“HAH! Please, get over yourself. You and other blowhard around here don’t know what the hell you’re talking about.”
You have me confused with someone who cares what you think. I don’t.
The bailout proposal has three big problems at a minimum glaring problems.
One is factual. The $700B figure was pulled out of the clear blue sky according to reports on how it came to be.
Two, it continues the perverse practice of bailing out homeowners who are the weakest and most careless borrowers. This pig in a poke doesn’t stop politicians from pandering to whiny, irresponsible borrowers and it fails to penalize business solely without consequences on the real criminals - those in Congress responsible.
Three, America’s stock of bad debt has now gone as far up the tree as it can. It’s all with the government and the taxpayer now. I don’t know what that means for the dollar today, but it can’t be good in the long run. The government’s aim has to be to inflate that debt away, and forget about the consequences.
Spoken like a true believer in nanny state meddling.