Apart from a short term slowing of the current housing market crisis and credit crunch, the bill will only delay the inevitable downward spiral. Unfortunately the American and global economy is heading into a recession, not out of one. So the housing bill, like the stimulus checks, will only have a temporary affect. The government again is trying to spend us out of an economic crisis, which is unlikely to work and only add to our national debt and the continued devaluation of the US dollar.

 

Submitted: Jul 28, 2008    Views: 179    Comments: 1    Likes: 2   


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Comments Received:

JAMES HARRISON
(Unregistered)

WE DON'T HAVE A HOUSING CRISIS.....WE HAVE AN INTEGRITY CRISIS.

Posted: Jul 28, 2008

Author/Submitter Response:

Good point!



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