anyone else smell Bushit ?

63dartman said

I think the housing market is so important in this country because it's about the only thing left that is built here:) If they could build the houses cheaper in china or somewhere else and ship them I think they would. It puts alot of people out of work, sorta like the last 20 yrs when everything else we made in this country went over seas. We really need to get manufacturing back on our soil. How can a country be so rich and not have a foundation? As far as the bailout.......I think they should let it fail. I just read that there are ear marks in the bailout plans for projects. Like 3 or 4 hundred million for a common sense study and many more. I think congress is pulling the wool over our eyes.

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No, very bad idea. If they let it fail, not only will we see bank failures on a scale not seen since the 1930's but an untold number of people will lose their insurance, entire retirement portfolio, if not their life savings. The devastation to the economy would be horrorific. You are correct about the pork the democrats added into the bailout. That is one of the reasons the republicans refused to be a part of it yesterday. I have heard figures as high as $2 billion in pork in the democrat plan including over 51 million requested by Joe Biden alone. The other reason the republicans balked at the plan was that it was a handout. They want a solution that is like the Chrysler bailout, where the money must be repaid with interest and not tossed into our laps.