Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt of millions of Americans who owe more than what their homes are worth.
http://blogs.reuters.com/james-pethokoukis/2010/08/05/an-august-surprise-from-obama/
Use tax payer dollars to reward bad investments. That's a great idea. Reward bad decision making and punish those of us that are responsible. How are we being punished? You are taking money from me (taxes) to give to the irresponsible.
Bush fell for bad leftist thinking when he rewarded bad businesses. Using tax payer money to give money to anyone due to poor decision making runs contrary to conservative beliefs. Small government means lowering taxes and lowering spending.
Originally posted by EladarHave you seen the map of the country, showing each state, and what the new taxes will cost each person? I think you live in a good spot, as far as it goes,, mine sucks
[b]Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt of millions of Americans who owe more than what their homes are worth.
http://blogs.reuters ...[text shortened]... contrary to conservative beliefs. Small government means lowering taxes and lowering spending.[/b]
Originally posted by EladarI didn't hear you crying about bailing out the gigantic banks that actually caused the financial catastrophe.
[b]Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt of millions of Americans who owe more than what their homes are worth.
http://blogs.reuters ...[text shortened]... contrary to conservative beliefs. Small government means lowering taxes and lowering spending.[/b]
Given that precedent and the continued sorry state of the economy, the proposed policy makes a great deal of sense. How exactly does the economy benefit from a wave of foreclosures? Keeping people in their homes sounds like a good policy to me.
Originally posted by EladarThere's nothing "liberal" about protecting the super rich from the consequences of their own folly. Esp. when TARP didn't even require them to do what was necessary to combat the economic disaster they caused i.e. continue lending to businesses and others instead of slashing loans by 8% in 2009 (thus worsening the recession).
If you look at my original post, you will see that I mentioned that one too. That was Bush acting like a liberal. When it came to spending money, Bush was very liberal.
As ATY points out, late 20th Century American conservatives are always willing to spend money just not on anything useful or desirable for society.
Originally posted by USArmyParatrooperhttp://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/
You're going to get crickets on that one.
Well lets just compare the last few years here...
Obama is taking us down the drain pipe, when there is nearly 10% unemployment... so there is less money coming in from taxes....... it's a simple matter, just like balancing your own budget at home. Although I am starting to think some of these people never had training in WANTS VS NEEDS.
It's really just common sense to most people, except for the far left leaners, who think somewhere there is a bottomless pit of gold?
China?? ya right!!!
Perhaps we should all look at defaulting on our home loans??