tag:blogger.com,1999:blog-4435744546679351316.post1001364690315230293..comments2008-05-20T15:58:33.335-04:00OMhttp://www.blogger.com/profile/06473298272771049857noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4435744546679351316.post-33487091916368577282008-05-20T15:58:00.000-04:002008-05-20T15:58:00.000-04:002008-05-20T15:58:00.000-04:00Pretty crazy that something like that would be seen as big government interfering with the free market, while giving me cash with the hope that I spend it on Mother's Day gifts is okay. It's like these people live in a different world.OMhttp://www.blogger.com/profile/06473298272771049857noreply@blogger.comtag:blogger.com,1999:blog-4435744546679351316.post-23431825986611185742008-05-19T09:28:00.000-04:002008-05-19T09:28:00.000-04:002008-05-19T09:28:00.000-04:00This is why I believe the "stimulus" plan was all wrong. For all the money that is being handed out, we could have used it to refinance many of the sub-prime mortgages which are now causing a problem in our economy. With low interest rates now, the country could have easily paid the interest-loss difference to the mortgage investors as variable rate mortgages were replaced with low fixed-rate mortgages instead. This would have resolved the key issue many current high-risk home owners are facing now while stabalizing the housing market. It wouldn't be a bail out since the people will still have to pay their loans or face foreclosure, but at least it would be at a much lower rate than current. In addition, a stabalized housing market means higher tax returns, which would be a return on investment which the government (and any smart business) should be looking for. Hopefully with the rumored second-wave of "stimulus," this would be the core action taken.U.S. Common Sensehttp://uscommonsense.net/blog/noreply@blogger.com