Entries Tagged 'economy' ↓

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.

http://www.reteaparty.com

How much money per taxpayer is all the bailout and stimulus really worth? Many taxpaying citizens like myself really do think the money would be better off going back to the taxpayers. But how much really?

I have heard numbers from $1 million per taxpayer, and other figures all over the place.

Here is your answer.

http://money.cnn.com/galleries/2009/news/0901/gallery.money_summit/index.html

What a mess.

What happened to letting the market work? I think our economy just took a huge step backward today. This bailout is saying, if you’re going to screw up, make sure you do it BIG BIG BIG. That way the US government will come in and save your behind.

How in the world can the Government justify this bailout, but not other bailouts? I believe we are now being setup for an ever large crushing blow in the future, this rescue attempt certainly will not and cannot work. The 85 billion may as well have been flushed down the toilet, or better at least been distributed out to taxpayers as a tax cut or a stimulus package.

This combination of a failing company combined with the federal government is like asking for a hangover. The US government has never successfully run any enterprise, now somehow they are going to be able to salvage AIG? Not going to happen. 2 years from now, when this “loan” comes due, AIG will be in the exact same position as today, and we’ll be extending or increasing the loan – directly from the tax payer. Again.

Governor Granholm (Democrat, Canada) is warning us that Michigan is in a financial crisis. I wonder who has been in charge the last few years…wait it is Mrs Granholm herself. So really she has run Michigan and it’s economy into the ground. I truely believe if Dick Devos had won, we would see a changed attitude across Michigan. I believe a big part of the economy is perception and attitude. There is no optimism, no spark for the future of Michigan.

All we can hope for is that Google is going to put a sizeable office complex in Ann Arbor, in the mean time the number of jobs bleeding out is far surpassing any new jobs being created. Time for drastic measures in the way of tax cuts and incentives. Michigan is at a tipping point right now and is tettering toward falling off the edge. Something needs to happen soon.