Ron Paul would have been an excellent president.
He wants to get rid of the FED. The FED is not a government agency. It's a private company started from Jp Morgan, Rockefeller, and etc.
The money that is loaned to the government...meaning the money printed is not free. There's an interest to be paid. Who pays that? We do with our income tax.
There was no federal Income Tax before 1913, when the Fed was created.
That's another story in itself.
Obama... this dumb ass keeps bailing companies out. WHY?
These poorly managed companies, profit chasing no long-term goal idiots deserve to crash and burn.
So the government wants to help them out? With who's money? OURS?
I did not purchase Ford, GM, Chrysler for a reason, because they suck, but they still get my money?
Now Obama is messing with subprime.
He's doing loan mods, loan this or that, and now he's trying to prevent evictions.
Most people who are losing their home got greedy by assuming that the home value would rise, and they could cash out. That's their fault, not the government. Majority of home owners could not afford to purchase a home, but yet requirement for loan approval was so pathetic because of Clinton.
(Read about the Community Reinvestment Act...as someone stated above)
The inevitable will happen... people will lose their homes. The longer people try to fight losing their homes, the longer it will take to flip those homes.
I understand Obama is trying to help the economy, but he should stop. It's only f*cking things up more. The longer we try to "stop" this recession the longer we will be in it.
Obama's a lawyer, not a business major/businessman.
Lastly, we're going to be in this recession for awhile. Why?
Unemployment stats... 15 million are unemployed.
Before Dec 2007, it was 7.6 million which was apprx. 5% unemployment rate.
So in order for us to get back to 5% (7.6 million unemployment), there has to be 145,000 jobs PER month for FOUR years.
Employment Situation Summary