Don't think this is what WE had in mind...

[timmgirvan]

Originally Posted by SniperSB23

I think the rush was necessary, the ultimate plan though was terrible. And this coming from someone that is a huge Obama supporter. Who knows, maybe ultimately I need to suck up my pride and realize that for the greater good of our economy we have to bail these douchebags out just like we did on Wall Street cause we as Americans are better off preventing these foreclosures. It doesn't mean I'm not going to be pissed about it for a while. And it's not like it sends a terrible message, that you can fuc< up as much as you want and put the country in a recession but don't worry, those of us that didn't fuc< up will be there to bail you out. That is so different than what liberalism should stand for.

The rush to sign this bill compounds everything this country is facing for the next few decades....they shoulda waited....

[SniperSB23]

Originally Posted by timmgirvan

The rush to sign this bill compounds everything this country is facing for the next few decades....they shoulda waited....

I don't buy that, if we are going to pump money into the economy we need to do it fast. Waiting helps nothing (except the Republicans who want the recession to last until 2012). But getting it done fast doesn't mean it needs to be done wrong. I think the stimulus package got it right for 98% of it. I think this got it completely wrong.

[timmgirvan]

Originally Posted by SniperSB23

I don't buy that, if we are going to pump money into the economy we need to do it fast. Waiting helps nothing (except the Republicans who want the recession to last until 2012). But getting it done fast doesn't mean it doesn't need to be done wrong. I think the stimulus package got it right for 98% of it. I think this got it completely wrong.

As the saying goes...."that's what makes horseraces"

[Cannon Shell]

Originally Posted by SniperSB23

I don't buy that, if we are going to pump money into the economy we need to do it fast. Waiting helps nothing (except the Republicans who want the recession to last until 2012). But getting it done fast doesn't mean it needs to be done wrong. I think the stimulus package got it right for 98% of it. I think this got it completely wrong.

We are talking about spending $275 billion on this housing program. There is probably very little chance it will work. I think you need to adjust your 98% downward. The funny thing is that the "stimlus" actually doesn't pump much money into the economy short term.

[Danzig]

Originally Posted by Cannon Shell

We are talking about spending $275 billion on this housing program. There is probably very little chance it will work. I think you need to adjust your 98% downward. The funny thing is that the "stimlus" actually doesn't pump much money into the economy short term.

wasn't about 65% of the 'stimulus' actually just more spending? that's another side effect from rushing, everyone throws in stuff they want, hoping it sails thru with what is supposedly needed.

[Cannon Shell]

Originally Posted by Danzig

wasn't about 65% of the 'stimulus' actually just more spending? that's another side effect from rushing, everyone throws in stuff they want, hoping it sails thru with what is supposedly needed.

85% depending on the source. It is a side effect of Washington more than anything. Funny how the "crisis" has gotten so much worse when trying to pass the giant spending bill yet there is very little evidence to suggest that things are worse than they were and even less evidence that this 'package' will do anything but deepen our debt at a time when the countries that usually buy that debt via treasuries wont or cant.

I think what is scary is that now we see the word 'billions' tossed about so loosely.

[gales0678]

why not a "tax holiday" for every american

why do the people who bought houses that they could afford or the people who continued to rent because they knew thay couldn't afford a house bailout people who bought more house than they could afford?

we need housing prices to drop more now in all parts of the country, the quicker we get to the bottom the quicker the recovery will be, we can't put a band aid solution on all the foreclsoures , let the mkt for house prices fall to their natural levels

[timmgirvan]

Originally Posted by gales0678

why not a "tax holiday" for every american

why do the people who bought houses that they could afford or the people who continued to rent because they knew thay couldn't afford a house bailout people who bought more house than they could afford?

we need housing prices to drop more now in all parts of the country, the quicker we get to the bottom the quicker the recovery will be, we can't put a band aid solution on all the foreclsoures , let the mkt for house prices fall to their natural levels

Location...location...location

[gales0678]

why not a "tax holiday" for every american

why do the people who bought houses that they could afford or the people who continued to rent because they knew thay couldn't afford a house bailout people who bought more house than they could afford?

we need housing prices to drop more now in all parts of the country, the quicker we get to the bottom the quicker the recovery will be, we can't put a band aid solution on all the foreclsoures , let the mkt for house prices fall to their natural levels

[Cannon Shell]

http://www.nydailynews.com/news/poli...in_both-2.html

A interesting take on things

[GBBob]

Originally Posted by gales0678

why not a "tax holiday" for every american

why do the people who bought houses that they could afford or the people who continued to rent because they knew thay couldn't afford a house bailout people who bought more house than they could afford?

we need housing prices to drop more now in all parts of the country, the quicker we get to the bottom the quicker the recovery will be, we can't put a band aid solution on all the foreclsoures , let the mkt for house prices fall to their natural levels

You don't think they already have fallen enough? If people keep losing equity and home values keep plummeting, how can that be good? So many people are backwards on their mortgages, not because of anything they did wrong, but rather their homes have depreciated 30% in 2-3 years.

[Danzig]

Originally Posted by Cannon Shell

85% depending on the source. It is a side effect of Washington more than anything. Funny how the "crisis" has gotten so much worse when trying to pass the giant spending bill yet there is very little evidence to suggest that things are worse than they were and even less evidence that this 'package' will do anything but deepen our debt at a time when the countries that usually buy that debt via treasuries wont or cant.

I think what is scary is that now we see the word 'billions' tossed about so loosely.

like i said the other day, come out to the media and scream the sky is falling early and often...get everyone hysterical, and pass your bill without a whimper of protest. it's very effective.

[timmgirvan]

Originally Posted by Danzig

wasn't about 65% of the 'stimulus' actually just more spending? that's another side effect from rushing, everyone throws in stuff they want, hoping it sails thru with what is supposedly needed.

FINALLY....a light goes on at DT!............but it took a month!