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Reply #29: The stimulus wouldn't be needed if it were not for what he helped create in the first place [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
Raineyb Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-01-09 02:57 PM
Response to Reply #5
29. The stimulus wouldn't be needed if it were not for what he helped create in the first place
I can't really give him props for coming up with a stimulus plan (which frankly is too small and included some of those odious tax cuts that won't help) to help prop up an economy that's in the shitter because of policies helped put out in the first place.

A lot of those people purchased homes they would have been able to afford had the mortgage companies not ripped them off and put them into an ARM when they wanted a fixed rate loan. Millions were able to afford their homes until they lost their jobs thanks to greedy companies outsourcing their jobs. Most of the foreclosures are not due to wrongdoing on the part of the purchaser. I don't think it's safe to blame the purchasers for the most part. Yet we're rewarding crooks and thieves by throwing more money at them and not doing a damn thing for the people on the bottom.

I have a huge problem with that.

Regards
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