Mitt Romney - Economic Issues
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Cutting spending, what an amazing concept.
4 years ago 5
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I swear Romney seems to be the only grown up in the room.
4 years ago 4
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All Comments (11)
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RON PAUL OR DIE!!!!2012!!!!!
EDUCATE YOURSELF!!!
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Mitt is an economic genius. He will cut spending. Is there a politician in the last 20 years that didn't say that?
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Thanks for the explanation.
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Well, I'm glad Romney wouldn't bail out the banks, but I'm unclear as to whether he wants to bail out individuals. People made their choice; now they must live with the consequences.
PsychoKnights 4 years ago
If you pay close attention, he's willing to let them refinance their loans so they can keep their houses. Letting them default on their loans and lose their homes is a lose-lose.
bjalder26 4 years ago
(sighs) I'm experiencing severe economic ignorance here; I'm beginning to wish I had taken a macro-economics class somewhere in college. If he lets them refinance their loans, what happens to those loans they originally financed? Do they get anything? Or are they declaring bankrupcy, but Romeny would provide them a way to take out another loan.
PsychoKnights 4 years ago
The original loan would get paid off buy the new loan with more reasonable terms. Banks win because people don't default, people win because they don't lose their homes or credit, country wins because it doesn't hurt the economy.
bjalder26 4 years ago