[GOPJ]

2) If we put salary caps on CEOs whose companies beg for federal hand-outs (I have no objection to this), why not do the same for those who want mortgage bail-outs? If the government rescues their loans (through reduced principle or interest or both), then why can it not say that if the house is ever sold at a profit over the renegotiated and readjusted debt, the government is entitled to at least half the ensuing profits?

Ping

[RobFromGa]

Something to keep in mind when discussing the 8% unemployment rate...

1. Somewhere around 4% is full employment. Those 4% are the ones in transition or who don’t want a job.

2. A large number of households have both adults working. Many with only one adult working have another trained spouse who chooses not to work. This fact means that even with 8% unemployed, significantly fewer households are totally unemployed.

3. The doom and gloom is causing much of the lack of confidence. People with steady jobs are not buying because of fear. This will need to change before we can recover.