Comments on: Memo to Obama: Welcome to Hard Times

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Our economic stimulus package is aimed at banks lending money to cash starved businesses. Unfortunately banks are hording money, raising rates, using bail out money for acquisitions, cutting credit and not lending only making the crisis worse.

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By: Rosco1776

Rosco1776 — Sun, 16 Nov 2008 07:48:56 +0000

Over 80% of the calls going into the Senate and Congress were against the bailout and they still put it through. We now have taxation without representation!
The markets and housing have to adjust itself, if it isn't allowed to then it will only be worse and for a longer period of time. Governments cannot create wealth!! I hate to say it but the people that couldn't afford the houses in the first place will be renting again, hopefully, if there are rentals available. It's going to be a rough few years folks, hope your ready!