Quote:
Originally Posted by GoHuskies
Your a leftist because your hinting at taking an action now in prevention of future price increases.
If you were really a good patriotic conservative you'd be saying just let things be, the market will tilt itself out in time.
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That's what I am saying. All this Federal Reserve meddling (BTW, the Federal Reserve is an Illegal Institution) artificially propping up home prices, and printing money out of thin air, is just setting us up for a bigger burst when the bobble pops.
I'm not asking the Govt. to bail me out after losing $40k this year in the stock market. I just don't know why we are being so sympathetic to real estate speculators who financed a home on an "adjustable rate." I mean, what did they not understand about the term "adjustable." Politicians are trying to buy votes and pushing for a bailout. This bailout is direstly tied among other things to inflation and namely, higher prices on your next Honda civic next year!
Also, a conservative wants to limit/reduce the role of the Federal Govt. (reduce taxes)
(This is exactly why I want the Govt. to stay out of this mess, and let it be).
A liberal wants to increase the role/power of the Federal Govt. (Increase taxes)