Corporate Welfare for Bush & Clinton's Financial Crisis 1/3

[kjack5]

khooper_jack wrote:

Both the price of houses and cars practically double because of low interest loans-easy credit.

What we need is for the undoubling, so that cars and houses don't cost some much for the average consumer.

Propping up the landlord and the auto salesman won't get that done and that looks like what the 700 billion is aiming at-proping up higher than normal cost of housing and cars and oil and at the same time-holding down the wages of the average worker!

9/23/2008

[mizilus]

kjack5

Absolutely. I am in the construction business and there is no way these house prices can be justified. Especially with all these wanna be "flip this house" jokers running around buying houses and simply giving them a paint job and that somehow adds $10,000 in equity.

[bigdog49094]

You act like welfare for the rich is a bad thing. LOL