Conservative rag says Obama's homeowner bailout is doing more harm than good.

Discussion in 'Politics' started by RadiomanATL, Jan 2, 2010.

  1. RadiomanATL
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    RadiomanATL Senior Member

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  2. Baruch Menachem
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    Baruch Menachem '

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    Can't be true, as Rush and Beck have been saying this all year.

    One thing I didn't realize until I read the article was that using the program would result in a hit to your credit report. Which is going to make getting affordable rental housing into a really miserable process for those who are still going to need to go that way.
     
  3. Truthmatters
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    He pointedly rejects the notion that government ought to get out of the way and let foreclosures work their way through the market, saying that course risks a surge of foreclosures and declining house prices that could pull the economy back into recession.
     
  4. Baruch Menachem
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    Baruch Menachem '

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    Mr. Zandi is just one of the experts consulted on this. He gets the last word, it is true.
     
  5. Truthmatters
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    and it says "some experts" think it has done harm.

    You see there are always people on both sides of any idea.

    Some people are even claiming FDR caused the GD.
     
  6. The Rabbi
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    The Rabbi Diamond Member

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  7. RadiomanATL
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    RadiomanATL Senior Member

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    Woooooooshhhh....


    ....over yer head.
     
  8. random3434
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    random3434 Senior Member

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    And this surprises you because.................
     
  9. jillian
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    jillian Princess Supporting Member

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    it seems to me that goodman's article bemoans the fact that the program doesn't go far enough to give permanent relief to people.

    Rush/Beck complain that the program exists at all.

    Seems that once again, they did the right thing if everybody's a little unhappy.

    As for the credit report... any time you can't pay a debt as agreed, it impacts on your credit rating.

    A foreclosure looks a lot worse on your record, though, yes?
     
  10. jillian
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    jillian Princess Supporting Member

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    it was too subtle for him.
     

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