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Former presidential candidate Rep. Ron Paul of Texas totally rejected the latest White House and Federal Reserve bailout of the financial industry by characterizing it as simply “prolonging the agony.”
Video.
Hard choices for hard times ceased being an American virtue. Now it is all about feel good politics, and pretending that the sky is not falling today (though it will for your children).
Well it's true..the debts are still there..just shifted to the government and taxpayers.
It will have to be paid off somehow. RE will not be going back to where it was for a long long time.
Hard choices for hard times ceased being an American virtue. Now it is all about feel good politics, and pretending that the sky is not falling today (though it will for your children).
And grandchildren, and great grandchildren. I wonder how the generations in the future will feel about paying off all these debts we incurred? And what about their needs and "crisises"? Where will the money come from for them? More borrowing? It has to stop somewhere. It's time for tough love.
Well it's true..the debts are still there..just shifted to the government and taxpayers.
It will have to be paid off somehow. RE will not be going back to where it was for a long long time.
And it never should have gotten that far in the first place. I saw the writing on the wall when homes close to where I live that were worth <$200K were selling for >$600K. The people buying them had no money, and barely made enough gross to cover the true monthly mortgage (not the teaser rate on the ARMs they were getting).
Just curious - is that HDTV still airing the house flipping shows?
We saw the writing on the wall back in '06, about six months before my husband got laid off.
And yes, Flip This House is still on.
Funny how the pendulum swings from less government to more and how some people can be so anti-government ... until they need it.
And it never should have gotten that far in the first place. I saw the writing on the wall when homes close to where I live that were worth <$200K were selling for >$600K. The people buying them had no money, and barely made enough gross to cover the true monthly mortgage (not the teaser rate on the ARMs they were getting).
Just curious - is that HDTV still airing the house flipping shows?
TLC actually has a show on how to fix up your house enough you can refinance it and stay in it.
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