About
Content
Store
Forum

Rebirth of Reason
War
People
Archives
Objectivism

Post to this threadMark all messages in this thread as readMark all messages in this thread as unread


Post 0

Saturday, August 21, 2010 - 11:00amSanction this postReply
Bookmark
Link
Edit
The more than 100 participating mortgage companies get taxpayer incentives to reduce payments. As of mid-June only $490 million had been spent out of a potential $75 billion the government has made available to help stem the wave of foreclosures.
And where's the other $74.5 billion, in a democrat slush-fund somewhere?

Ed


Post 1

Tuesday, August 24, 2010 - 8:27amSanction this postReply
Bookmark
Link
Edit
490 million out of 75 billion?

I wonder if, in the end, the folks carrying out this program just can't find it in themselves to actually institutionalize the concept of 'paying back a loan is now an optional event, the tribe will cover it for you.'

Perhaps somewhere down deep in their brainstorm, they understand what institutionalizing that concept would do to our economies. And so, this program is in fact what it was always meant to be: pure gesture politics, symbolism without substance. Because with 75 billion of gesture, and only 490 million of substance, that is exactly what it is: PR.

Thank god, so far.



(Edited by Fred Bartlett on 8/24, 8:28am)


Post to this thread


User ID Password or create a free account.