Obama's homeowner rescue unfair
- Thread starter Will E Worm
- Start date
Thanks Will E Worm you have great articles
How about giving me a Separate stimulus check because I worked my fucking ass off to pay off my mortage and have absolutely no debt!
It isn't ideal, but it might be the lesser of two evils. Plus it's practically impossible for the government or anybody else to know the reason why each individual person that can no longer afford their homes can't do so. I'm sure there are people that got greedy or did something stupid by taking a loan they should have rightfully known they couldn't pay back. On the other hand I'm sure there are also people that were either a victim of predatory lenders, or are in the situation they are in through circumstances out of their control, like loosing a job or unexpected medical bills, or situations they couldn't have reasonably foreseen other than being psychic. I don't mind helping people like that as much. There is just no way to go around and reliably separate the two.
It's also the lesser of two evils if you believe that the economy will collapse even a lot worse than it is now if nothing is done.
It's also the lesser of two evils if you believe that the economy will collapse even a lot worse than it is now if nothing is done.
Using the same reasoning, the whole stimulus package is unfair, especially because this economic gloom was mostly caused by greed of those who now seek help (i mean banks etc). But if the whole economy falls apart, everyone will fare badly, not just the ones who caused the depression. When a ship sinks, everyone sinks with it and not just the ones who were responsible for the sinking in the first place. And if there's a chance to stop the ship from sinking, everyone should try and do it, not leave it to the ones who caused the problem, saying "it's none of my fault".
maildude
Postal Paranoiac
Maybe it ain't perfect, but something has to be done. We tried giving breaks to the wealthy and look at what happened. The "middle class" has and will receive benefits from this and other initiatives. A lot of people may consider this type of housing bailout akin to handing a band-aid to a guy with a cut throat. Maybe there's some truth to that. Maybe it goes a lot deeper. Anyway, it's our tax money. We elect leaders so that they can do what is best with it. Let's give this thing some time to work. Then we can judge.
People and companies should not be rewarded for making poor financial decisions. If you can't pay your bills, you should fail. I pay my bills.
The key is "some people"... so now we have a HUGE frickin bailout that benefits those that dont deserve OR NEED it. Worse it sets the tone for the future. Got a problem? The govt will bail me out!
This will just encourage even MORE risky behavior by some and then others will STOP spending. So much for stimulus. Might have short term gain but the long run will suck.
This will just encourage even MORE risky behavior by some and then others will STOP spending. So much for stimulus. Might have short term gain but the long run will suck.
That's a really good point. I think you hit the nail on the head with that one.
Was the rescue of Wall Street fair? No. But it was needed.
Besides Obama is not rescuing all the the home owners. He's rescuing those who can still pay their mortgage but were screwed by the lenders. Over said over 40% of mortgages will still go down. So quit your bitching.
Will E Worm
Conspiracy...
:tongue:If you can't pay your mortgage, you should be homeless.
If your company is bankrupt, your company shouldn't survive.
America grants us freedom. It's up to the citizens to be responsible with that freedom. It's should not be the government's job to to bail out those that are not responsible. People need to be responsible for their decisions and pay the price when they make poor decisions.
If your company is bankrupt, your company shouldn't survive.
America grants us freedom. It's up to the citizens to be responsible with that freedom. It's should not be the government's job to to bail out those that are not responsible. People need to be responsible for their decisions and pay the price when they make poor decisions.
I take it you didnt get laid off this year
How will somebody who is homeless buy products or services YOU provide? How will you earn your salary in such circumstances?
I mean, I don't think it's okay in usual circumstances to use tax money, provided by those who earn it by hard work, to help the debtors who took on too much debt knowing that they probably couldn't pay it all off. Actually I'm quite against such policies. But these circumstances are different. Right now, it's either give out some money or probably face another great depression. But in the case of depression everyone suffers, not just the ones responsible for it.
I believe it is in times of economic prosperity that we should think about restricting bank loans and other types of credit. But, in the times of plenty, who cares about such stuff? That's the true problem.
Umm...let me take a guess, you're also one of those people that think everybody in the world that's poor is that way because of their own fault to.
Some people don't have the physical or mental abilities to provide for themselves and you can't blame them. However, I do believe that most poor people are poor because they (or their families) made bad or stupid choices in their lives. Some people aren't willing to make the efforts to learn a skill or get an education to better themselves and their financial well-being.
OMG Herbert Hoover Lives. :eek:
Interesting point and I'm sure this is an issue for the people that have businesses that depend entirely on almost homeless people.
Regardless, that isn't a reason for the government to reward people that don't pay their bills and punish people that do pay their bills. If you can't afford something, you shouldn't have it.
Credit is evil. Many people buy things on credit hoping they will have the money someday which is just stupid.
I am pissed that people that took out a 300-600,000 mortgage that expected it rise in value 20% and flip it and gain the benifet!
I bought a house knowing i could pay it safely within my status!
We are now paying the recourse! It sucks to be a person that was smart in knowing their credit limit...
On the automotive end, my state of michigan relies on that, if they dont sell cars, I am hurting!
I bought a house knowing i could pay it safely within my status!
We are now paying the recourse! It sucks to be a person that was smart in knowing their credit limit...
On the automotive end, my state of michigan relies on that, if they dont sell cars, I am hurting!
Similar threads
