Thread: Bush administration opposes housing 'bailout' plan
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Old 04-26-2008, 01:06 PM   #5 (permalink)
fxashun
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Quote:
Originally Posted by forester814 View Post
In this case, you should care because the housing crash is threatening to take down the WHOLE economy. It's already spun us into a recession.

And that affects everyone, not just the "stupid" people this program would help.
The housing problem ain't that bad. Gas prices is a much bigger problem effecting WAAAY more people in WAAY more ways. EVERYTHING runs on petroleum. Can't fly, drive, sail anything without it. The costs of everything is skyrocketing. A few people losing their houses is a small problem in comparison.
A very small percentage of homes is in danger of foreclosure. And most of those are concentrated in certain areas.
Foreclosure 'crisis' is overblown - MSN Money
Last edited by fxashun; 04-26-2008 at 01:09 PM.