If most Americans say No to the bailout, then is it fair americans shouldnt expect good rates on car loans ?
Phil Scolari
And mortgages? And decent rates on credit cards… republican voters, i hope you can afford all your financing charges… quit complaining when you find yourself in difficulty, your on your own!
Cost of financing and loans are gonna go through the roof or stop all together without the bill.
And mortgages? And decent rates on credit cards… republican voters, i hope you can afford all your financing charges… quit complaining when you find yourself in difficulty, your on your own!
Cost of financing and loans are gonna go through the roof or stop all together without the bill.
June 25th, 2008 at 9:35 pm
You shouldn’t live on credit anyway.
June 25th, 2008 at 11:48 pm
geez, are you trying to scare us into socialism???
The economic downturn is a natural part of the economic cycle. Let the market correct itself.
June 26th, 2008 at 9:31 pm
I pay cash for everything, such as new cars, boats, houses, etc.
June 28th, 2008 at 1:56 am
So, big wow. Live within your means and don’t borrow.
July 1st, 2008 at 6:46 am
Maybe not good rates, but certainly good prices.
July 1st, 2008 at 10:31 pm
fair
Unfortunately, it is going to happen. some people who previously qualified won’t even qualify for a while now. I just don’t think people understand how this is going to shake out.
Added as edit - C. Grahamm - isn’t tht exactly what Hoover said in 1929? “Let the markets handle the natural correction.” as another poster said, “People shouldn’t live on credit any way.”
That straightened itself out in just ten short years. Well, maybe not short for those who lived through it.
Additional edit: “The Federal Reserve and foreign central banks agreed to pump billions of dollars into the global financial system Monday to unlock tight lending that threatens to unhinge the U.S. economy.” Yup - that’s the ol’ “free market” for ya. It’s mind boggling.
July 4th, 2008 at 5:36 pm
In my opinion, the bailout is just prolonging the inevitable, so we need to be prepared regardless.
July 7th, 2008 at 8:43 am
That’s fine. I’ll take that hit.
Just make sure the corporations don’t get a welfare check of almost 1 trillion dollars.
July 9th, 2008 at 7:46 am
Our first mortgage was for over 10%. We lived within our means and paid it off. Giving away mortgages to people who cannot afford them is just plain stupid. AND we as tax payers should NOT have to come up with this money to bail the institutions (corruptness) out.
July 10th, 2008 at 11:02 am
Ok seems like you know exactly where this money is going and how it is going to be spent so enlighten me what exactly will happen if we do put this plan through?
July 10th, 2008 at 6:27 pm
Good. They should have been up in the first place. If you have horrible credit you shouldn’t be getting the stellar rates that were being given in the past just because the housing market was on the rise.
July 13th, 2008 at 3:08 am
This thing will work out on its own. People are just getting scared and acting like its Bush’s fault that they paid too much for a house or car and now can not afford to pay for it.
PILLosi acted like a school principal punishing the entire Republican class, she got what she asked for today.
July 16th, 2008 at 10:31 am
Most American’s in both parties do not understand what the failure of this bailout bill will have on each and everyone of them, they haven’t a clue.
This is not a Bush thing, a Republican thing or a Rich thing, this will hurt you me and every other American.
July 16th, 2008 at 10:43 am
We have been riding on a false bubble of easy money for far too long. Its time all of us especially our so called government to live within our means. Its a bitter economic pill we are all going to have to swallow.
July 17th, 2008 at 5:03 pm
Since we are giving handouts to these companies and the ceos who will get away scott free. Where can I get my handout???
July 19th, 2008 at 12:14 am
I don’t have much need for loans.
We just don’t want this plan, no one ever said we don’t want any plan.
Get a grip, tomorrow will still come and maybe we will be better off with a better bill.
July 21st, 2008 at 8:16 am
Actually, when the economy is bad, mortgage rates tend to go down. They are pretty low right now.
I live in Idaho and the lowest Conforming 30 Fixed as of now is 5.625%, which is really low.
Home prices are very low too. It’s a good time for first time home buyers, but then again, who is going to have the money to sign their life away on a 30 year loan, even if the prices are low and the interest rates are low?
July 21st, 2008 at 2:51 pm
It’s not only Republican voters who are against this bailout. This has nothing to do with parties. Haven’t you noticed Dems and Reps working TOGETHER to obtain as many voters as possible?
I believe this bill should be passed. Sure, the government should have be laissez-faire. But the government should FOREMOST do what is right for the American people’s futures. Interference is necessary right now. If this bill doesn’t get passed, it will affect EVERYBODY. So vote against it, but don’t expect life to get any better financially.
But then again, the American people seem to like the easy and accepted way out of things. This bailout is hard and unpopular, but it’s RIGHT.
July 23rd, 2008 at 4:32 pm
guess you a firm believer in trickle down economics.
this bill is flawed as-is. its a blank check with hardly no directions on how the money should be distributed. might as well have one of them money machines that blow money all around a cylinder glass and have each of the 115 bank CEOs take a turn and see how much they can grab in the allotted time. sheesh