Sub-prime Bail Out

[Aliantha]

Aliantha wants government to magically solve all this?

It's not magic. It's simple economic sense.

Aliantha suggests government to, again, fix this market?

The government stands to profit in the long run.

At what point do we end up with more Bronx slums that take decades to solve? At what point do we turn neighborhoods into 'the projects'?

This is the situation already. Did you not read my earlier post? Do you not realize that this is the situation that is occuring already while people do nothing but blame the government and yet you don't want the government to fix it? So you just want someone to moan about but you don't want them to do anything proactive?

Never forget why too many homes exist.

If too many homes exist, there can not be inflated prices. Your statement in this paragraph is false.

Problem is not homeless people. But if we do as Aliantha suggests, then economics takes revenge years later - making many more homeless people. The problem is too many houses built for people who never had incomes to support them. Problem agrevated by an economy where the rich are getting richers and everyone else have a lower income. Problem created by the same government policies that Aliantha would further expand? What financial problem will government solve with financial welfare?

Again I ask, where are the thousands of people going who have had their houses repo'd? Are they moving into the already existing slums which in turn perpetuates the social problems already evident there?


I ask you, why would you not try to keep people in a better situation? If someone has to spend money one way or another, why not do so in a productive manner which will help all concerned.

If you leave a house untennanted for a year, you're losing $5k/annum straight up. Then there are the issues of vandalism. More dollars to spend. Neighbourhood values depreciating because there are too many houses vacant.

Yeah, I can see how people who borrow beyond their means are stupid and don't deserve a hand out, but they're your fellow citizens. They don't deserve to be kicked when they're down either.

If you wanted to send in a private company to do buy ups of these massive numbers of homes, fine. Go ahead, but remember if this happens, there is no chance of these people from poorer circumstances to close the gap.

If you want to preach about the gap between rich and poor widening tw, you should really think your argument over a bit more before you post it. You propose doing nothing? Letting the economy slump. Perhaps reach depression type lows just for the sake of saying 'fuck you Bush'?

Radar suggests doing nothing because those stupid people deserve what they got.

Neither of those suggestions seem to be logical to me. They seem highly emotional responses to an economic puzzle.