National Poll: 79% Prefer Bailing Out the People Rather than the Bankers

[ChumpDumper]

The math is easy.

We have about 75 million homeowners with mortgages. The foreclosure rate went from 1% a couple years ago to 2%. So we have about 1.5 million people in forclosure.

A typical mortgage payment is $1000 per month. Most are under $2000 per month. To be in foreclosure, you must be 4 months behind. Four payments is going to be around $4000 for many and usually below $8000.

If we allocate $20,000 to a homeowner, that would be enough to get most of them out of foreclosure.

$20K x 1.5 mill = 30 bill.

$30 billion

This is not rocket science.

Then a few months late they will be right back in foreclosure.

Brilliant.

[boutons_]

"enough to get most of them out of foreclosure."

so they get out of f/c, and can't make the next 4,5 months, so they're back in f/c.

[Galileo]

Wow, from which economist did you get one?

I'm a follower of these famous economists:

Adam Smith
Frederich Hayek
Lew Rockwell
Dr. Thomas Woods
James Madison
Nicolaus Copernicus
Dr. Morgan Reynolds

I suggest if you want to learn about economics, you go to these sites:

www.freemarketnews.com

www.lewrockwell.com

[Galileo]

"enough to get most of them out of foreclosure."

so they get out of f/c, and can't make the next 4,5 months, so they're back in f/c.

The government does not usually plan that far ahead. Many people can make their payments, but just got behind because of health issue, employment issue, divorce and/or domestic issue, or a legal rpoblem in the family. They need a boost.

Otherwise, they have 4 months to sell their house.

[ChumpDumper]

I'm a follower of these famous economists:

Adam Smith
Frederich Hayek
Lew Rockwell
Dr. Thomas Woods
James Madison
Nicolaus Copernicus
Dr. Morgan Reynolds

I suggest if you want to learn about economics, you go to these sites:

www.freemarketnews.com

www.lewrockwell.com

I suggest you tell me how your nutjob friend is doing in the polls.

[Galileo]

I suggest you tell me how your nutjob friend is doing in the polls.

Barrett is poised to set a new world record!

Kevin Barrett could break Libertarian records
http://www.independentpoliticalrepor...arian-records/

[ChumpDumper]

Barrett is poised to set a new world record!

Kevin Barrett could break Libertarian records
http://www.independentpoliticalrepor...arian-records/

So he is going to lose horribly.

[Galileo]

So he is going to lose horribly.

Your contribution to the Barrett campaign could put him over the hump.

[ChumpDumper]

No, nothing will help.

He's going to lose.

[Galileo]

No, nothing will help.

He's going to lose.

Well, if he doesn't win, I know who to blame.

[ChumpDumper]

I will take all the credit for his crushing defeat.

[Galileo]

I will take all the credit for his crushing defeat.

It'd be better if you could contribute something intelligent about the polling data.

[ChumpDumper]

Already did.

[Galileo]

Already did.

n't.

[ChumpDumper]

Sure. You just didn't like the comments. Your nutjob friend isn't going to be elected, so his polling is irrelevant.

[Galileo]

Sure. You just didn't like the comments. Your nutjob friend isn't going to be elected, so his polling is irrelevant.

The polling data remains a sorry fact of life for you, regardless of who wins the election. This is a national poll.

[ChumpDumper]

I'm fine with the results of the poll. It's you and your nutjob friend who are sad.

[Galileo]

I'm fine with the results of the poll. It's you and your nutjob friend who are sad.

You're very upset with the poll results because you are the sheeple.

Barrett provided these poll results as a public service for us all.

[ChumpDumper]

You're very upset with the poll results because you are the sheeple.

I just said I am fine with them. It's difficult to see how there could have been a different result.

Barrett provided these poll results as a public service for us all.

You're upset because he is going to lose horribly.

[BacktoBasics]

The people say bail out the people but you're ing insane if you think the people would ultimately be ok with handing out free passes to a few million while others who have scraped by and managed their money get nothing.

Bailing out the people is possibly the dumbest thing I've ever heard.

[JoeChalupa]

The people say bail out the people but you're ing insane if you think the people would ultimately be ok with handing out free passes to a few million while others who have scraped by and managed their money get nothing.

Bailing out the people is possibly the dumbest thing I've ever heard.

I concur. I made the right decision by not being stupid enough to fall for that ARM crap and have been working and making my payments on time and taking off 10 yrs from my mortgage payments.
I know friends who are struggling because they wanted that nice new over priced home and I'm sorry, but you made your own bed.

[Galileo]

The people say bail out the people but you're ing insane if you think the people would ultimately be ok with handing out free passes to a few million while others who have scraped by and managed their money get nothing.

Bailing out the people is possibly the dumbest thing I've ever heard.

Do you have any polling data to support this hair-brained theory?

[exstatic]

Then a few months late they will be right back in foreclosure.

Brilliant.

Notice how The Astronomer completely ignored this one...

The fallacy of Libertarian economics is that they see the economy as a rational system, when in fact it's an emotional one. If you do nothing, you have 1929 redux. They did NOTHING to intervene in that panic, and the market lost 90% of it's value in a couple years, banks failed en mass, and there was no FDIC. People lost ing everything. Three cheers for non-intervention.

[Galileo]

Notice how The Astronomer completely ignored this one...

The fallacy of Libertarian economics is that they see the economy as a rational system, when in fact it's an emotional one. If you do nothing, you have 1929 redux. They did NOTHING to intervene in that panic, and the market lost 90% of it's value in a couple years, banks failed en mass, and there was no FDIC. People lost ing everything. Three cheers for non-intervention.

you don't believe in cold hard numbers?

[BacktoBasics]

Do you have any polling data to support this hair-brained theory?

I don't need polling data to know the typical selfish selfabsorbed thought process of the average american.

People say "give it to the people" or "why shouldn't we be bailed out" but when it comes down to it they don't realize that they'll probably never see a penny of it but irresponsible lazy dip Joe down the street might see a benefit to the tune of a few thousand dollars if not 10's of thousands. You know how many hard working responsible people will be outraged at the hand out. People already frown on the citizens getting hand outs and those don't even come close to comparing to one of this magnitude. How many times do you hear people talk down about the guy with a lonestar card driving an Escalade.

I can hear it now.

"Oh Oh he's in forecloser but he sure has a nice big SUV....and all those nice toys.....why does he get government assistance."

You can't possibly think Average America will accept handouts for some and not for others.