To what extent did the subprime mortgage disaster have on the global economic crisis? What signs were there to indicate an impending crisis? Who is to blame for these events? Is the United States Governments actions and strategies to improve the economy valuable?
The big CEOs, CFOs and the smart mortgage brokers have got out of the game early and took with them millions of dollars, leaving behind troubled housing and financial markets. While paying more taxes to fund this proposal is unfair to the people - especially the middle class, I believe the bail-out plan is necessary. We often think of our own bottom line, but the US and global economies seriously need help. As the financial system is the foundation of the US economy and the US economy drives the global market, we cannot sit still and see it crashing. Every business (especially small business owners) relies on the presence of the financial system; we live our lives surrounding the financial system. We are LIFE. We are FINANCE. When the financial system crashes, we crash. So stop thinking about just taxes. Look at how much we have lost in our retirement accounts. Think big and think ways ahead; lose a little bit now by paying taxes to fund this needed plan or pay a lot more seeing our retirement plan balance eroding. And who is there to blame? I guess we already know that lame duck and we don’t need to mention his name.
My husband lost his job a couple months ago. I have been a SAHM for over a year and due to the financial strain I’m going back to work starting Monday. My husband will also start a new job on Monday. We have kept up with our bills fairly well up to recently. But last month we were unable to make either of our mortgage payments (we have two because we took out an 80/20 loan) Assumably so, we’ve been dodging the phone calls from our mortgage people for weeks. Blessedly these jobs have worked out, only problem is it will be another two weeks for paychecks from either and what little money we have left we need to spend for daycare, gas, and food, until then. I know that the economy is crap right now and most americans are behind in their mortgages, but we never have been and it’s scaring the crap out of me. I don’t know much about this situation or if I need to let the mortgage companies in on what’s been going on ) and/or how far you can be behind before they take your house. HELP!
And McCain said the economy was in fine shape just a week and a half ago. Boy did he have to retract that statement fast.
But apparently you nay-sayers didn’t watch the debate, and would just like to twist the truth to attach Obama with lies.
When our Financial Markets take a dive or get manipulated, or when our Mortgage Markets collapse, or when the Oil Markets spike - will these things impact a market driven Health Care plan?
Should something as important as our Health be subjected to the manipulations of Health Care ‘Players’? Or reduced to the success or failure of a company who has ‘profit motive’ as drivers?
The last thing you need to lose when the economy tanks is your Health Insurance.