01-28-2008, 06:04 PM
clarkoz Wrote:Just my view...
The housing market: who bought the houses? Did someone put a gun to the homeowners' heads and force them to buy houses at variable interest rates? No.
WE (taxpayers) now are bailing out certain homeowners because they made a very poor decision and it is effecting the market. Why don't we all receive special services if we own a home??? Just because I bought mine within budget and managed my money correctly doesn't mean I should bail out someone that was stupid enought to overspend. Next,
The tax rebate: I believe it will stimulate the economy, but I don't buy into the "drastic decline" like the media is spinning these days. I think Bush was handed a declining economy. He was implementing measures to bring it back, but then 9/11 struck. We did not go into recession like all the experts predicted. Bush may not be the best public speaker, but he sure did keep us out of a recession then, which most people could not have done!
The tax rebate will stimulate the economy to some extent, but the people receiving the money will have to decide what and where they need to spend that money. It should come with no strings attached...why? Because we are (or used to be) a country that was not controlled by the government. Money we earn should be saved if we want it saved. If the retail stores are having a rough year they should not increase inventory for the next year (HELLO!). We must be aware of the media stories encouraging us to bail out the stores. That's not our fault...we should NOT feel guilty for spending less or buying elsewhere.
Bottomline...the rebate will help, but the impact of the help is and should be left up to the person receiving the rebate. Sorry I was on my soap box...I'm stepping down now...LOL
Well said! I am with ya!