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Bush Mortgage Bailout: Too Little, Too Late for Too Few

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Uploaded by on Dec 7, 2007

http://www.americanprogress.org/issues/2007/11/zero_hour.html

Andrew Jakabovics of the Center for American Progress tells CNN that the Bush Adminstration's plan to freeze interest rates on some adjustable mortgage holders does too little, too late for too few people and won't help the people who need it most.

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  • President Bush, once again, forces the rest of us to foot the bill for bad business practices. He won't raise our taxes. He'll borrow more from China. Will we ever pay back these loans? Will China own us? Will our kids be so burdened by this monstrous debt that they'll never be able to own homes? Will the other neocons continue this kind of throwing funny money around? Vote Ron Paul!

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  • Ameritards cannot even take responsibility for their own financial mistakes, Big Brother will come in and save them. You buy a house that puts a big strain on your monthly budget, then, you go out and buy a bunch of junk with a credit card, then, you get a heloc so you can go out and buy more junk. Why has this society lost all discipline, because they can rely on Big Brother to bail them out.

  • hasnt the US always been in debt, since the moment it was created?

  • you PLANNED on losing bwaaaa haahaaa

  • Yeah, I went to Las Vegas last week and only planned on losing $4000. Instead I lost $20,000.

    BAILOUT PLEASE!!!????!!!

  • Ruthelator is damn right. Seriously, the major problem with the US (I'm not American) is that they thought they'd be the richest/strongest forever... But no. This country has lived on consumer credit FOREVER. Now it's time to fricken pay. Bush doesnt give a shizzle, he's flying away to some desert island as soon as he's no more president.

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