Comments on: Stimulus Package: IN= Allowing Fannie Mae and Freddie Mac (FRE) to buy loans larger than $417,000..Out=Permanent tax cuts

By: TedintheShed

TedintheShed — Fri, 25 Jan 2008 21:45:02 +0000

The economy is self correcting. All this does is delay the inevitable, actuctally makes it worse. We wiol feel more poain in the long run becasue of the government itervention.

LOL…I guess it doesn’t matter. With Hillary as the next Prez, we’re gonna feel a lot of pain anyway. It’s something that has to be done.

By: Pam

Pam — Fri, 25 Jan 2008 20:09:09 +0000

This bailout is stupid and will do nothing..People that bought too much house or never had the capability of repaying the loan were given thousands of dollars..that we are repaying for them..

That rate cut this week is exactly what the economy needed to help the banks out and stimulate the trading…

By: TedintheShed

TedintheShed — Fri, 25 Jan 2008 14:37:01 +0000

I mean the “Folks were preening just month ago that Bush’s economy is so great, yet here he is orchestrating a bail out.” part.

By: Pam

Pam — Fri, 25 Jan 2008 11:27:41 +0000

Ted, I think all of us get this and it is what we have been saying..

By: TedintheShed

TedintheShed — Fri, 25 Jan 2008 05:19:02 +0000

This is complete crap.

Folks were preen just month ago that Bush’s economy is so great, yet here is orchestrating a bail out.

And what a bail out it it. Belief it or not, this is taxation plain and simple, not a tax rebate. The definition of taxes is redistribution of wealth by the government.

Anyone get this?

By: FrmrArtyOffcr

FrmrArtyOffcr — Fri, 25 Jan 2008 02:06:58 +0000

Exactly WHY are the US Taxpayers only bailing out people who bought $417k+ homes? You have to make in excess of $150k a year to even qualify for a mortgage that large. Even at a high interest rate, anyone qualifying for a loan that large should still be able to pay it unless they loast their job. I fail to see how someone making in excess of $12,500 a month is facing losing their home when their mortgage probably doesn’t exceed $5000 a month. Wouldn’t it be more prudent to bail out the people who are overextended on the $150k – 250k mortgage range? The average home in the metro Phoenix area is valued at over $210k. I would guess that this will only help those in either VERY high cost of living areas or people with the means to make their payments and hopefully the brains to have actually READ their good faith estimate. It doesn’t take much to look at a good faith estimate (which is required by law) and see that the payments will be increasing substantially in as little as 3 months. I almost laugh when I read that good faith estimate. Obviously there are people who are stupid enough to accept that loan, I wasn’t one of them.

By: Democrats @ 2008 Presidential Election » Stimulus Package: IN= Allowing Fannie Mae and Freddie Mac (FRE) to buy loans larger than $417,000..Out=Permanent tax cuts

Thu, 24 Jan 2008 15:20:24 +0000

[...] Right Voices put an intriguing blog post on Stimulus Package: IN= Allowing Fannie Mae and Freddie Mac (FRE) to buy loans larger than $417,000..Out=Permanent tax cutsHere’s a quick excerpt [...]

By: 2008 Presidential Election » Stimulus Package: IN= Allowing Fannie Mae and Freddie Mac (FRE) to buy loans larger than $417,000..Out=Permanent tax cuts

Thu, 24 Jan 2008 14:42:00 +0000

[...] Right Voices placed an observative post today on Stimulus Package: IN= Allowing Fannie Mae and Freddie Mac (FRE) to buy loans larger than $417,000..Out=Permanent tax cutsHere’s a quick excerpt [...]