It will stablize our markets and it is likely that we will make a profit on the real estate purchased.
This is not a giveaway, it is the aquisition of real estate.
Then vote in the "America'a Financial Future" Poll.
Let your opinion and voice be heard
.....O LORD my God, in You I put my trust. Psalm 7:1
.....To You, O LORD, I lift up my soul. Psalm 25:1
Too often we underestimate the power of a touch, a smile, a kind word, a listening ear, an honest compliment, or the smallest act of caring, all of which have the potential to turn a life around. ~ Leo Buscaglia
If there is no bailout, who will get hurt the most?
All those who have profited from over inflated values and are they not just paper
gains? The real value will still be there.
Many will lose their jobs? Not the ones who are providing necessary items like
food, energy, and clothing
Many will lose their homes? In the short term yes but who is going to hold on to
an empty house? The prices will have to be lowered until somebody can afford
them.
Will there be pain? Yes and you cannot avoid it
What about the defense of this country?
I understand that there is 700 billion available for that
If there is no bailout, who will get hurt the most?
All those who have profited from over inflated values and are they not just paper
gains? The real value will still be there.
Many will lose their jobs? Not the ones who are providing necessary items like
food, energy, and clothing
Many will lose their homes? In the short term yes but who is going to hold on to
an empty house? The prices will have to be lowered until somebody can afford
them.
Will there be pain? Yes and you cannot avoid it
What about the defense of this country?
I understand that there is 700 billion available for that
Economies are like giant ships.
Once they are headed in the wrong direction, it takes a lot of time and effort to turn them around.
Imagine a true economic collapse like we had in the late 70s with 10% unemployment, 19% mortgage rates, and 12% inflation.
Slogan/motto:
Shouting at the world cause no one's listening...
Reputation:
September 25th, 2008, 01:45 PM
You have no problem leaving your children and grandchildren to pay for all this do you?
The pain comes from knowing that we have never been safe, and therefore will never be safe again. It comes from knowing we can never be so ignorant again. It comes from knowing we can never be children again. Losing innocence. Remembering heaven. That was the essence of hell. -John Jakes
Slogan/motto:
Shouting at the world cause no one's listening...
Reputation:
September 25th, 2008, 01:50 PM
Please layout HOW the debt will increase if the bailout doesn't happen?
The pain comes from knowing that we have never been safe, and therefore will never be safe again. It comes from knowing we can never be so ignorant again. It comes from knowing we can never be children again. Losing innocence. Remembering heaven. That was the essence of hell. -John Jakes