IMO, "jumpstart" is too strong. Stabilize and prevent further declines is what I would hope for. I believe everyone is guessing at this point. Too complex, are the securities that they are proposing to buy.
But, if this thing passes, it damn well better at least stabilize the markets. If not, we are in deep stuff.
What does a doofus know, though? I believe a chain reaction has started and no one knows how it will end up. Its in God's hands, but we should try. I don't believe just letting this play out will work. I hate saying that, as a Live Free or Die conservative with strong free market beliefs, but there it is.
Correct. I did use the wrong word. I am certainly not looking for housing prices to do a fast turn up. I would be happy with stabilization as well.
To tell you the truth, when I consider that a $300 billion housing bill was just passed a few weeks ago with hardly the batting of an eyelash, I am not appalled at the $700 billion figure to get us out of a real jam. Sure, spending is a large problem and we need to shrink it and I think McCain may just be the guy to do it. But I just don't find this 700 B figure the apocalypse that most are declaring, especially since as you say I see a lot of it being recovered.