The government is promoting bad behavior, because we certainly don’t want to put stimulus forth and give people a whopping 8 or 10 dollars in their check and think that they ought to save it. And in terms of modifications. I’ll tell you what, I have an idea, the new administration is big on computers and technology, how about this President and new administration. Why don’t you put up a website to have people vote on the internet as a referendum to see if we really want to subsidize the losers mortgages, or would we like to at least buy cars and buy houses in foreclosure and give them to people who might have a chance to actually prosper down the road, and reward people that could carry the water instead of drink the water.
Rick…Rick, they’re like putty in your hands..did you hear that.
No, no they’re not Joe, they’re not putty in our hands.
This is America, how many of you people want to pay for your neighbors mortgage…that has an extra bathroom and can’t pay their bills. Raise their hand. President Obama are you listening?
Cuba used to have mansions and a relatively decent economy they moved from the individual to collective now they are driving ‘54 Chevy’s. Maybe the last great car to come out of Detroit.
Hey Rick, how about the notion that was pointed out that you could go down to 2% on the mortgage…and still have 40% not be able to do it. So why are we trying to keep them in the house.
You can go down to -2% (mortgage interest rates), they still can’t afford the house.
I know Mr. Summers is a great economist, but I would love to know the answer to that one!
Were thinking of having a Chicago tea party in July. All you capitalist that want to show up at Lake Michigan, I’m going to start organizing it.
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