"gamfam" wrote: The bailout is not a "fix". It's a transfusion to keep the blood (cashflow) circulating while the government stops the bleeding. They can't begin the healing process unless they first stop the bleeding.
The problem is that I'm not convinced it is anywhere near stopping the bleeding. It was a poorly put together, hastily reviewed bill that no one really understands. The president and company used the same old scare tactics that they've been pushing around for a while to convince people that the sky is falling (which it is). But their solution is to throw money at it without a whole heck of a lot of thought. Something had to be done, this is just more of the same "pass it on to the next generation of tax payers" that we've been pulling for a long time. The baby boomers and their economics brought this on the Country and they're going to pay a very small price for it compared to my generation. 😤 Don't get me started on baby boomers. :censor:
Another stimulus package...geez. I also read that B of A is going to give people that were "bullied" by Countrywide some sort of settlement that helps with the crummy mortgages that they signed up for.
