Let me ask you this? When they're spending our tax money to "bail out" these financial institutions, are they also bailing out the homeowners who now face foreclosure? Technically, all tax payers are bailing out these institutions, so we should own part of these institutions.
Now, the Nixons turned down several no-money-down, so called "arm" loans over the last 5 years. No matter how much money the mortgage broker (who's smug now?) qualified us for, and it was a lot, we couldn't get over the feeling that the whole deal just didn't make sense. adjustable mortgage rate? Scary. Paying nothing but interest for the first 5 years? Scary. Assuming that home prices would continue to go up at the rate they had been going up? Stupid.
One mortgage broker tried to allay our fears by telling us 1, that we'd actually make money on the tax breaks and 2, that with the assumed increase in value of the home we could get out or refinance a couple years down the road and make a profit! Sounds too good to be true! And it was, wasn't it?
How much has the US spent on the Iraq war? Perhaps all the Publicans scrutinizing and debating this bailout bill want to think about that right now. By some accounts, the Iraq war will have cost us more than 3 TRILLION dollars. The Dubment could have bought out every mortgage in America. FREE HOMES FOR EVERYONE. How would that be for the economy if suddenly we all owned our own homes? And really owned them, with no mortgage?
As a side note...less than 3,000 people died in the attacks of September 11. As of today, more than 4,000 American troops, and tens of thousands of Iraqi's have died in the occupation, excuse us, the "liberation" of Iraq.
So really, Mr. Bush has killed more Americans than any follower of Bin Laden.
Deal with it, it is the truth.
Got something to say? Leave a comment. Do it. You're so smart, share some of that wisdom, smarty pants.
-the Nixons
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