Improvements to a building built on sand will still fail when the foundation collapses.
The bill in any form will fail because it DOES NOT ADDRESS the root causes.
So when the credit markets really lock up and the foreign investors decline to give us any more money, we will be a further 700 billion in debt.
Yeah, that’s a really good idea.
www.fedupusa.org
No, not $700 billion.
$250 - $350 billion.
I think the bailout is an emergency measure just to keep the credit markets alive for right now.
Congress is going to have to do a lot more to fix the fundamental problems created by the Community Reinvestment Act.
The only question is will Democrats allow that to happen, because fixing it would be an admission that they broke it.