Quote:
Originally Posted by zimmy
What a disaster it would have been for every home owner if the bailout didn't happen and the number of foreclosures were 2-3 times as high. One of Bush and Paulson's best decisions, followed my smart additions from Obama. A huge problem is that regulations that help to reduce the chance of another bust are either already chopped or are on the chopping block with Comrade Clementine in the Maralago House.
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No one takes any pleasure in watching people file for bankruptcy or get foreclosed on. But a lot of middle class people who live paycheck to paycheck and who do all the right things, are tired of getting punished and being forced to pick up after other people's mistakes. The tea party literally began, when frustrated citizens who didn't make any dumb decisions, and who were struggling through a brutal recession, were told they had to give money to people who freely chose to buy more house than they could afford. They didn't feel obligated to do that. There is some logic to that position.
As usual, you portray your side in an oversimplified way, and demonize everyone on the other side, refuse to concede they may have a point.