by making the cost of borrowing lower americans spend more money and our econemy would grow.
2006-08-03 08:23:20 · 6 answers · asked by playtoofast 6 in Politics & Government ➔ Politics
sure
2006-08-03 08:27:26 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I will tell you why this won't solve the economy problem, more specifically the home building / loan problem.
The area I live in passes so many little rules and loopholes that they end up draining more of your money through surveys, etc. that in the end you waste a looot more money than you would through cheaper loans.
The big businesses and banks drain you through the tiny laws and taxes and all of that jazz.
2006-08-03 15:29:07 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Then we wouldn't keep up with inflation and our economy would go into a tailspin. Interest rates need to rise in order to control inflation and overspending. The problem lies with American's spending too much. They spend so much that the value of their money become less and less.
2006-08-03 15:49:07 · answer #3 · answered by rmartin1978 2 · 0⤊ 0⤋
Great idea! I want to re-hock my house at 4% and invest it at 8% and be filthy rich! (What fool do have in mind to make the loan?)
2006-08-03 15:38:25 · answer #4 · answered by senior citizen 5 · 0⤊ 0⤋
Actually more spending occurs with tax breaks. what you are suggesting allows the money to stay invested and not re-invested.
2006-08-03 15:28:39 · answer #5 · answered by therandman 5 · 0⤊ 0⤋
hey buddy can i borrower some money (supply and demand)
2006-08-03 15:30:22 · answer #6 · answered by HEY boo boo 6 · 0⤊ 0⤋