2007-12-16 09:42:38 · 4 answers · asked by ziggy 2 in Politics & Government ➔ Politics
You prop something up with tooth picks enough times, eventually toothpicks becomes its foundation. Would you buy a house that had a foundation of tooth picks, like Bush economy?
2007-12-16 09:52:43 · answer #1 · answered by avail_skillz 7 · 1⤊ 0⤋
The housing market is a gamble, like any other investment!
People have relied far too long on the housing market as their retirement plan, and guess what, it won't always work!
We may totally bankrupt and destroy our entire economy by throwing good money after bad, which is what any bailout of the housing market, either for the companies or the homeowners, will lead to!
People need to take their lumps and move on, just like with any other housing slump. The house prices are ridiculous and far overinflated!!! Houses are no where near what people have been paying for them, and it needs to stop!!!
I fear a major depression if we don't realise this now. Our country can't afford another bailout, especially after the war and dangerously irresponsible monetary policy by Mr. Bush and Greenspan!!!
2007-12-16 17:51:27 · answer #2 · answered by Anonymous · 1⤊ 0⤋
It should be allowed to correct itself as a "lessons learned". The greed exceeded the need and so the consequences should follow. But this administration does not believe in accountability.
2007-12-16 17:49:31 · answer #3 · answered by Chi Guy 5 · 2⤊ 0⤋
Greenspan created the problem.
No bailouts, no way, no how.
2007-12-16 17:51:56 · answer #4 · answered by poet1b 4 · 1⤊ 1⤋