Is anyone in favor of the mortgage buyout bill?

Discussion in 'Politics' started by 42Presidents, Jul 30, 2008.

  1. 42Presidents
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    42Presidents CFT #1

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    Generally speaking, I haven't heard anyone write or speak favorably about the Housing Bill that was accepted in Congress and signed by President Bush. With all the recent talk about out of control spending, how does this recent bill not just get ripped apart in the Media? Does the mainstream Media see it as a good thing?
     
  2. CA95380
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    CA95380 USMB Member

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    NO!

    I paid my house payments (until it was paid off), why should some "flipper" or some other "over paid, 1-car, 1-SUV, 1-boat, 1-huge motorhome" nut not be made to pay his/hers :confused:

    They :dig: their own hole. They need to :dig: their own way out, without my tax dollars helping them!
     
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  3. Paulie
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    Paulie Platinum Member

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    The MSM does their best to indoctrinate socialism into the masses everyday, why would they be any different in regards to this bill?

    Besides, Wall St. "loved" it! :rolleyes:

    I wonder if our children are going to feel the same way, one day.
     
  4. Mr. Right
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    Mr. Right Member

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    no
     
  5. 42Presidents
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    42Presidents CFT #1

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    I can't see where this bill would be good for anyone. Are we just funneling money straight from the Treasury to the banks? Don't we do that already? And there is all this talk about home owners receiving help over unpaid mortgages, are they actually going to see this money? I'm doubting that.

    It appears to be a blunder to me and Bush didn't help by going forward with it. I wonder if Congress ever looks at their approval rating (what is it now 17%?) and says hmmm, why is it so low?
     
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  6. midcan5
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    midcan5 liberal / progressive

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    Last edited: Jul 30, 2008
  7. busara
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    busara wanasiasa wapumbava

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    how bout making people smarter as well? or at least teach budget responsibility
     
  8. midcan5
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    midcan5 liberal / progressive

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    I agree to that, but knowing people it may be a tough job.
     
  9. chapstic
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    chapstic Member

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    got to love "equal opportunity lending".
     
  10. Gunny
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    Gunny Gold Member

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    I asked the same question in another thread. Looks to me like we're passing money from right hand to left bailing out the buyers AND sellers.
     

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