SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tejek who wrote (392163)6/19/2008 8:16:32 AM
From: michael97123  Read Replies (2) of 1577830
 
I didnt expect the problem to explode upon us as it did. Having said that, the last eight years of bush admin with this congress as well has been a disaster. Nothing has been done. If only a few things had been done, the mess we are in wouldnt be quite as critical. And we face this now with the housing/banking crisis at the same time.
FYI, right now 4% of homes are underwater or in foreclosure. Housing prices are expected to decline another 10% over the next 12 months. If this occurs 30% of homes in the US will be underwater. This is also a crisis and i am not sure we can address both at the same time with long term solutions. I am for the direct intervention of government in housing, in effect guaranteeing a certain portion of all mortgages to keep folks in their homes and shore up prices. I dont know exactly how this would work but some pols have already proposed it.
Maybe what i have learned about free markets is that every market has the seeds of its destruction built in based on excessive greed. If that greed cant be contained, it gets out of hand. In that case, govt needs to intervene as in New Deal. Progressive conservatives who brought us growth under reagan thru clinton and even bush, are now this gens reactionaries by hanging on to the myth of the free market in this crisis. Man i sound like i belong in the faculty lounge with you Ted. (g)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News