foreclosure rights for homeowners
Is it right for the Feds to Bail Out the Wealthy with Tax Dollars?
The stock market recently plunged. There was a great deal of “pain” on Wall Street, as the wealthier percentage of our citizens and Corporate traders went into a panic. Not once, but several times, the Feds poured money out to rescue the market. However, there was no bail-out for the homeowners losing their homes, the mortgage foreclosures that caused the stockmarket plunge. Is it right for the Feds to bail out wealthier investors, while ignoring the plight of citizens unable to pay their mortgage costs, using their tax money to do it?
May I remind you that the “wealthy” are the ones who hire and pay the rest of us. If they take a sudden financial hit, their response will be to lay off employees. When employees get laid off, the “wealthy” take another hit and the cycle repeats.
Everything in the economy is connected, its much much more complex than almost any of us can grasp, and you’re gonna scream bloody murder if unemployment starts to rise…
So there’s really no answer that will please you other than “rich=bad” and “government=evil”.
