2007-11-28 03:29:26 · 7 answers · asked by leslie 1 in Politics & Government ➔ Other - Politics & Government
There is rumor that he is talking about getting congress to introduce a bill that would help people with good credit get out of ARMs. 1) it hasn't hap pend, and 2) it won't help people with bad credit, and these tend to people the people who have ARMS.
Finally it would be best to allow the market to correct it self, if the government bails the lenders and those who got the loans out it would only encourage future bad behavior, knowing that the government will be there to bail you out should you make a bad lending decision. Plus you think you sign a lot of paperwork now when you buy house just wait.
2007-11-28 04:03:23 · answer #1 · answered by G-gal 6 · 0⤊ 0⤋
No. The President cannot start legislation. Bills have to be presented in Congress, approved, then passed to the President to sign or veto.
No such law has been enacted.
2007-11-28 11:38:30 · answer #2 · answered by regerugged 7 · 1⤊ 0⤋
learn how our goverment system works. Executive branch doesn't just up and pass bills without any ones elses involvement. realistically the presidents power is pretty minimal.
2007-11-28 11:38:55 · answer #3 · answered by Jerbson 5 · 1⤊ 0⤋
I thought Bush hated Poor People????
2007-11-28 11:35:01 · answer #4 · answered by Anonymous · 1⤊ 2⤋
It was the banks lending to people with bad credit.
Where do you get your information from?
2007-11-28 11:33:40 · answer #5 · answered by JonB 5 · 3⤊ 0⤋
if our prez. is trying to eliminate the middle class, then why would any republican sponsor something like that
2007-11-28 11:40:11 · answer #6 · answered by oykarumba7 3 · 1⤊ 0⤋
But I thought he was only for rich people and took great pleasure in screwing the rest of us. Why would he do that?
2007-11-28 11:32:10 · answer #7 · answered by Anonymous · 2⤊ 3⤋