Discounted housing and health care

[ivseenbetter]

It's an amazing and scary time to be a citizen. Could this be this generations "depression"? I don't know.

[rnatalli]

You gotta love it. We debate the universal healthcare issue which has a price tag of about $150 billion per year which many call socialism, but the financial sector gets socialized right under our noses.

[jinjuku]

There are people a whole lot smarter than me making those decisions and I have to believe they're doing what they think is best.

That is what was said about the people that messed everything up in the first place... Ironic don't you think?

[ivseenbetter]

You gotta love it. We debate the universal healthcare issue which has a price tag of about $150 billion per year which many call socialism, but the financial sector gets socialized right under our noses.

I don't see the correlation. This bail out isn't the same type of beast that universal health care would be. I personally think this plan is better than universal health care anyway.

[itschris]

That is what was said about the people that messed everything up in the first place... Ironic don't you think?

Sorda, I certainly see your point, but I think I'm thinking about it in different way. You've got the CEO's, top tier executives, and their boards (speaking of the private companies) making these decisions. I don't think anyone saw this cataclismic failure coming... at least not to the extent we saw. Short selling had a huge impact in the acceleration of the fall, but there isn't really one single event or time that caused this to happen. Sure in hindsight, it was clear, and could've been avoided.

I was speaking more to the current situation now that what's done is done. If you look at some of the top people who are advising the treasury, the justice department, and the administration, they're not partisans, but just some of the smartest economic minds we have.

What really pissed me off was Pelosi's assertion that there was not reason for them to stay in session. Her quote from the steps of the congressional hall was something to the affect that "it's not our fault... there's nothing we can do." And that was echoed later by Harry Reid and Barney Frank (who coincidently was key in blocking the prior reform bill before this all happened). This isn't a red/blue thing anymore and I'm also pissed that it's playing as political fodder for the Republicans as well. I'd like to see the Republicans spend less time making sure everyone knows who they think is to blame and more time behind the scenes forcing a majority of Congress to put enforceable reform in place. Banning short selling of these key instruments was a major start in my opinion and I'm glad to see a united effort behind that.

[rnatalli]

I continue to hear how this could happen and why no one is being held accountable. That's simple, no one did anything wrong under the current system. All these rich people like CEO's and others didn't break any laws. Sure, what they did was a bit dirty, but not illegal. They took all the advantages they could and the rest are left holding the bag. The blame falls on the Bush Administration and Congress as a whole. But you can't go and arrest them because technically they didn't do anything wrong either. All you can do is vote them out on the grounds that you've lost confidence in their ability to lead the country. If we continue to vote in the same old crowd, we have only ourselves to blame (this isn't a plug for Obama).

[rnatalli]

I personally think this plan is better than universal health care anyway.

Please clarify. I understand the need for the bailout. It's a situation that sucks on all fronts. But do you feel that spending close to a trillion dollars to rescue an economy due to lack of proper management is better spent money than providing healthcare to millions of people for several years?

[itschris]

I continue to hear how this could happen and why no one is being held accountable. That's simple, no one did anything wrong under the current system. All these rich people like CEO's and others didn't break any laws. Sure, what they did was a bit dirty, but not illegal. They took all the advantages they could and the rest are left holding the bag. The blame falls on the Bush Administration and Congress as a whole. But you can't go and arrest them because technically they didn't do anything wrong either. All you can do is vote them out on the grounds that you've lost confidence in their ability to lead the country. If we continue to vote in the same old crowd, we have only ourselves to blame (this isn't a plug for Obama).

Actually the reform bill was killed by the dems in committee by a party line vote.

[mtrycrafts]

I don't see the correlation. This bail out isn't the same type of beast that universal health care would be. I personally think this plan is better than universal health care anyway.

Untill one finds out about that Section 8 in the plan

http://www.huffingtonpost.com/2008/0..._n_128294.html

[Mort Corey]

Untill one finds out about that Section 8 in the plan

http://www.huffingtonpost.com/2008/0..._n_128294.html

But this will be handled by dedicated public servants so I would expect that they would naturally be acting for the common good

Mort (now living in a banana republic)