The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: nextrade! who wrote (159947)	10/25/2008 9:23:24 PM
From: Dan3	Read Replies (1) of 306849

Re: Peter Schiff wrote: The problem with our Government's version of economic stimuli is that it encourages the very activity that brought our economy to the brink of financial ruin in the first place. Quite plainly, the goal of all these plans is to give consumers more money to spend. Why are these people so incredibly dense? That $2 Trillion was 100% in the form of money given to banks to lend to people - that's not the problem. People and businesses don't need to be encouraged borrow even more - they've already borrowed waaay too much. They need to be provided with funds that aren't borrowed and don't need to be paid back. Why can't anyone else see that? People have borrowed too much and are unable to pay it back, causing bonds based on those loans to default - why do these fools keep thing the solution is to lend them even more?

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