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Ahhh, good. You know, both Hillary and Obama have bail out programs. Hillary's will add like 10,000 pages to the already complex tax code. Way to go Hillary, just what we need.
Good politics of course, because even though the average voter is against a bail-out, it's not the primary issue (Iraq and the economy in general are) so they aren't going to particularly vote against a candidate with a bail-out program. On the other hand for those facing foreclosure it is a primary voting issue and will base their choice on that.
Of course, it's all irrelevant and quite meaningless (as any campaign promise essentially is) because Hillary or Obama won't be in office for about a year and then will have to go through the congressional hurdles to get any bail out program approved, and America will wake up and say "hey, whoah, I'm not bailing out these deadbeats".
Kudos to McCain for not jumping on the "bail-out" bandwagan for votes (although I can't say I will vote for him at this point).
what planet are you living on? i don't care who wins the next election(mc, ob or hil), the US WILL be adopting euro-style socialism. bear stearns 1st. next in line, ambac? lehmans? goldmans? the maes?
people in the west no longer have the stomach for the type of hardship that a real correction will bring! soon you won't even be able to fart before reading some form of 2000 page methane reduction legislation
the troubles only just started and already peoples resolve is bursting at the seams.
the reality is quite depressing
agreed, there should be a bailout program for a "LIMITED" amount of individuals.
On the other hand, a lot of those folks who shouldn't have gotten those mortgages in the first place, you have to let things take their course.
Helping them now will only prolong the inevitable...therefore stalling this subprime cloud over the economy.
Hillary and Obama's position on the bailout will cost them some votes, if they keep pitching those impractical "save the day" plans. McCain will benefit just by keeping quiet and letting them shoot holes in their own boats.
Everytime my Congressmen or state legislators pull these stupid plans, we slide a little further back. Any reward we give people for being stupid is just going to encourage it in the future.
Contact your legislators in a respectful manner and let them know you disapprove-- because the president isn't the one who's in charge of what goes into a bill.
Let them know that you want their pork-barreling to stop too.
Quote:
Originally Posted by Wild Style
The thing is, I think these politicians are seeing the big picture. You either bail companies out or erode investor confidence and watch the stock markets come tumbling down. Just like with the homes, they figure we can save some or watch ghost towns start to crop up. Its a damned if you do, damned if you don't sort of situation.
I disagree. The only investors who get washed out are the fools who don't know what they're doing. The signals of a bad company, bad practices or bubble can be seen from the other side of the moon.
if you cant afford it live in the street
my tax money should not go to pay for someone elses home, artifically keeping the prices of homes high and making a home less afordable for me.
if you cant afford it live in the street
my tax money should not go to pay for someone elses home, artifically keeping the prices of homes high and making a home less afordable for me.
Right. Why should the responsible taxpayers have to shoulder the burden of paying for all of the irresponsible people out there. I didn't go out and buy a house that I couldn't afford... so why should I help out the people that did?
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