Comments on: Housing Bailout Quotes of the Day. What Real People think of the Bailout. http://www.biggerpockets.com/renewsblog/2008/09/26/housing-bailout-quotes-of-the-day-what-real-people-think-of-the-bailout/ Learn, Network, Invest Sun, 22 Nov 2009 20:12:38 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Frank Polenose http://www.biggerpockets.com/renewsblog/2008/09/26/housing-bailout-quotes-of-the-day-what-real-people-think-of-the-bailout/comment-page-1/#comment-60264 Frank Polenose Sat, 27 Sep 2008 22:49:05 +0000 http://www.biggerpockets.com/renewsblog/?p=1544#comment-60264 I don't think there SHOULD be a bailout but I think there HAS to be one. Not just for the USA's sake but for the world economy. I don’t think there SHOULD be a bailout but I think there HAS to be one. Not just for the USA’s sake but for the world economy.

]]> By: Stock Research http://www.biggerpockets.com/renewsblog/2008/09/26/housing-bailout-quotes-of-the-day-what-real-people-think-of-the-bailout/comment-page-1/#comment-60263 Stock Research Sat, 27 Sep 2008 18:46:16 +0000 http://www.biggerpockets.com/renewsblog/?p=1544#comment-60263 I'm not sure if so many people have ever been let off the hook so easily and collectively as this legislation seems to present. The most extreme case of hard-working, responsible people cleaning up after others. I’m not sure if so many people have ever been let off the hook so easily and collectively as this legislation seems to present. The most extreme case of hard-working, responsible people cleaning up after others.

]]> By: David I. http://www.biggerpockets.com/renewsblog/2008/09/26/housing-bailout-quotes-of-the-day-what-real-people-think-of-the-bailout/comment-page-1/#comment-60261 David I. Sat, 27 Sep 2008 17:35:54 +0000 http://www.biggerpockets.com/renewsblog/?p=1544#comment-60261 The current term "bailout," that is being thrown around all over the financial world, should be thought of as using a two gallon bucket to save the Titanic... as it goes under water. This plan will not work because the real reasons for lenders getting in this position will not have been fixed, just artificially and temporarily propped up. Let the free market system work it's magic. Interference by the government will only prolong the agony...and in the end, make it much worse. Want to pump up the economy? Eliminate, or substantially reduce, the capital gains tax. Investment in this country would go through the roof. The current term “bailout,” that is being thrown around all over the financial world, should be thought of as using a two gallon bucket to save the Titanic… as it goes under water.

This plan will not work because the real reasons for lenders getting in this position will not have been fixed, just artificially and temporarily propped up.

Let the free market system work it’s magic. Interference by the government will only prolong the agony…and in the end, make it much worse.

Want to pump up the economy? Eliminate, or substantially reduce, the capital gains tax. Investment in this country would go through the roof.

]]>