Bernanke: Obama's Stimulus Plan Would Lift Economy, But Other Steps Needed
BombTrack says,
This should hopefully shut up some of the republicans.
Article excerpt from huffingtonpost.com —
"LONDON - Federal Reserve Chairman Ben Bernanke said Tuesday the stimulus package being crafted by President-elect Barack Obama and Congress could provide a "significant boost" to the sinking economy. But he warned that such a recovery won't last unless other steps are taken to stabilize the shaky financial system.
Although Bernanke has...
Read the full article at huffingtonpost.com »
Read the full article at huffingtonpost.com »
Posted 1 year ago
My main problem with this is helping out people who are at risk of losing their homes. Now, there are some people who are trying to live within their means and they got laid off - of course, help those people out. But I see idiots who buy brand new cars, houses that are way beyond there means (just because they qualified credit wise) and now that the economy is dropping they can't get loans anymore to pay for the loans they already have. Let those people lose their houses. Teach them a lesson. I don't know how many times I went to get a loan for a house and I was told that I qualified for way more than I can actually pay on a monthly payment. I finally had to start saying, "Look, this is what I can afford for a house payment. What am I looking at in how much I can get a loan for."
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