I am for no bailout. Let the free market work. We’ve seen this coming for years now, and if we have not positioned ourselves to ride it out, than that’s our own fault.
But no capital gains tax, lowering taxes altogether, cutting government spending, getting rid of superfluous Federal agencies would certainly help the deficit as well as the economy.
People must become frugal - not live beyond their means; get out of credit card debt, and invest in a savings account.
We might have to lose a little weight, do without that third car, but we will come out stronger and in better shape than we were before this happened.
I am FOR A Bailout, but not the one they are talking about now...
If ANY bailout is going to work, it must:
1) Address the ORIGINAL cause of the problem, being DEMOCRAT Class warfare INTERFERENCE in the Free Market Financial system (Fat chance, I know)
2) STOP giving mortages to people with little hope of ever paying back. No more “Interest Only” mortgages, Zero Down mortgages, etc...
3) The trigger for this was MASSIVE, MASSIVE mortgae in our inner-cities, on an unimagined scale. Almost ALL of it beniffitting Democrats, or Democrat-connected people. (Dare I say-MINORITIES?)
The Feds are prosecuting THOUSANDS for this right now, but if you listen to anyone but FOX, it’s all the fault of the “EVIL REPUBLICANS”
great post at least there are a few other people out there that get it