half decent returnon the government's investment in mortgage backed securities. The man must be smoking something really interesting if he believes there is any chance of any return on those securities. If there were real value the institutions and individuals holding the paper would not be asking for a government rescue.
The time has come to just say, "No." We, the American public cannot afford another massive government expenditure. The war in Iraq costs $10billion a month. We have devastation left from hurricanes as far back as Katrina which is not being restored. We have many priorities in our nation that must be addressed in advance of rescuing the people who made bad decisions and brought a financial crisis upon themselves and upon our country.
Peace.
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1 comment:
I continue to hope Congress will find both sanity and a backbone to resist the bailout plan. If we spend this money the new administration will be handcuffed by debt. In that instance no changes in direction may be possible in our nation for years to come. We must not let this happen.
Peace.
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