Posted on 02/01/2009 10:12:39 AM PST by Fred
talk amongst yourselves
I'd like a new M5, black please.
Well, it’s an idea beyond tax and spend...but a STUPID idea.
The Republicans still don’t seem to understand that the rut of this problem (as Jocelyn Elders used to say) is that there are TOO MANY HOUSES, and therefore we need to let the price drop enough so that supply eventually meets demand. This plan only kicks the problem down the road and makes it that much worse in the future by adding more houses, huge debt, and future obligations to our government. Japan anyone?
Let the housing market take care of itself, it’s doing everything right so far...and spend your time trying to deal with the rest of this mess.
Hell I’ll take two!
I think that is the goal, buy several if ya’ll have the capital and the credit.
I believe that they should cut all interest rates to 4%. The money saved on homes would be spent on other things and end up back in the system. Same goes for credit cards. As it stands now, credit card rates steal the money that would help stimulate the economy. Will it ever happen? I doubt it. Keep the people broke and you have control of them.
Someone on our side needs to get out there and splain some basic econ 101 to the blithering blood suckers on the Government teat. Are there any leaders out there?
The problem is you could make mortgage rates zero for those who voted for zero and they would still default.
This “every American deserves their own home” nonsense was even pushed by Bush. Many people have no clue about budgeting.
There were illegal aliens making $20,000 a year pulling scams to “buy” $600,000 homes to get cash out at closing with nothing down.
Ah... Price controls. How Nixonian of you.
Looks like I refinanced a month too early. I want a do-over.
Try this novel approach.. DO NOT CARRY A BALANCE ON YOUR CREDIT CARD!!!!
This bill has nothing to do with stimulating the economy. It’s one of many methods socialist use to advance their cause. Money is the carrot they dangle before people to tie many stipulations/regulations to the bill thereby exerting more control over the people. They created an outrageous piece of legislation knowing that they will never get everything and consequently making a compromise appear as if they are relenting when in fact they are still accomplishing their goal of more socialist regulations.
I’m not talking about price control. I am speaking of the idea that companies can take this action on themselves.
I don’t like it.
Amen. The Republicans should smarten up (I know, I know) and stay the Hell away from ANY stimulus package proposed by the Democrats. If the Democrats have any smarts, they will include a few of the Pubbie proposals in their package - and get their fingerprints all over it. Then when TSHTF, they can claim it was a bipartisan bill -- bipartisan being 1% Pubbie, 99% Democratic.
Yep. Instead of trying to “fix” that pig of a bill, fillibuster! I believe that doing so would have a good deal of popular support and it would demonstrate that a few pubbies have grown a pair.
notice how the congress people are protecting their own.
Barney Frank gets campaign donations and CAUSES fanie and freddie to collapse and CNN is silent. Wolf Blitzer is only concerned about his “access”.
Obama forces banks to lend to those with no job and no income but members of acorn, and MSNBC only wants tingly feelings.
The attack on wall street is about pushing the old Huey Long income cap.
Up here in northern Nevada, in early 2006, a Realtor was walking down our street, knocking on doors asking if we wanted to sell our houses. It was bazaar! talk about writing on the wall.
But Gov't mandates screwed up the entire housing market (CRA). So perhaps it will have to be a Gov't fix to bring relief to those very people it screwed.
Worth looking at...or at least debating in a high-profile way in order to who how ridiculous the new Dem giveaways are and how little they aid in the housing crisis.
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