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Bush’s Economic Plan

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Where’s the government going to get the money to pay for this?  Are they going to print more money and cause more inflation?  Or will they borrow the money from China and get our nation into even more debt.

The hard cold truth folks is that 1) The government needs to repeal those tax cuts on the rich.  They did not have the trickle down effect that they were intended to have. 2) We need to limit the amount that the oil companies can gouge us for.  There are people who are having to choose between heating their home and paying their rent/mortgage.  It’s not right.  Have any of you gone to the grocery store recently?  The price of food seems to have doubled in the past couple of months.  3)  The government needs to force those banks that made the “sub-prime” mortgages to refinance the homeowners who had a history of stable payments before they payments got off the hook crazy with a fixed rate mortgage.  That is what a lot of those home owners were promised when they signed on with those mortgages to begin with.  I know about this because in 1997, I wanted to buy my own little piece of the American Dream.  I was offered an APR mortgage.  When I was hesitant about it, I was assured that after I established a stable payment history for a few years, I would be allowed to refinance based on that alone – regardless of my credit.  I was also assured that the amount that my payments would go up would be negligable.  Lucky for me, I have a very savvy grandmother who sat me down and explained to me the truth about APRs and I did not become an unfortunate statistic.  4) They will pass legislation stopping these lenders from making these kinds of loans in the future.

Written by Mara

January 31st, 2008  Tweet This Post

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