Comments on: Poll: Americans dubious of government forgiving mortgages http://blogs.reuters.com/james-pethokoukis/2010/08/09/poll-americans-dubious-of-government-forgiving-mortgages/ Politics and policy from inside Washington Sun, 07 Apr 2013 21:23:48 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: Tim456897 http://blogs.reuters.com/james-pethokoukis/2010/08/09/poll-americans-dubious-of-government-forgiving-mortgages/comment-page-1/#comment-9059 Tim456897 Mon, 09 Aug 2010 22:02:00 +0000 http://blogs.reuters.com/james-pethokoukis/?p=4329#comment-9059 I don't believe most of those polled were aware of who would suffer if President Obama's mortgage forgiveness plan would ever become a reality. The derivative default swap fiasco that ripped our economy to pieces was in large part to too how many times mortgages were sold. The only real loser would be the last owner of the mortgages and I don't think the public really cares if they get burned. Maybe if that Geitner fellow relinquishes some real information regarding who stands to lose, the President will have an easier time selling the concept to everyone and once again embarrass the Senate republicans, again. I don’t believe most of those polled were aware of who would suffer if President Obama’s mortgage forgiveness plan would ever become a reality. The derivative default swap fiasco that ripped our economy to pieces was in large part to too how many times mortgages were sold. The only real loser would be the last owner of the mortgages and I don’t think the public really cares if they get burned. Maybe if that Geitner fellow relinquishes some real information regarding who stands to lose, the President will have an easier time selling the concept to everyone and once again embarrass the Senate republicans, again.

]]> By: CDN_finance http://blogs.reuters.com/james-pethokoukis/2010/08/09/poll-americans-dubious-of-government-forgiving-mortgages/comment-page-1/#comment-9052 CDN_finance Mon, 09 Aug 2010 20:58:31 +0000 http://blogs.reuters.com/james-pethokoukis/?p=4329#comment-9052 If this was a feeler put out by the administration (which govt officials are known to do from time to time on contentious issues) then the answer is in and obvious. But getting smug for posting a rumour because you feel it will help republicans in the next election (when really it was for dems to gauge opinion/support) is a bit much. I want to be clear that I think that the govt forgiving frannie loans would be an extremely terrible idea for too many reasons to list here. Also want to say that the big problem in America now isn't taxes here or credits there... it's more a 'chicken and the egg' problem. Businesses have tonnes of cash, but they don't hire because they want to see demand improve (ie they're looking at employment numbers)... but demand can't improve until employment comes back. Someone's gotta flinch, and it doesn't look like the consumers have the will or firepower available now or anytime soon. So in the true spirit of republican 'small govt', corps shouldn't get govt dollars/hand-out/subsidy to get them hiring to break the stare-down, they should do it to 'trickle-down' all that 0% cash they are hoarding. Maybe then the people wouldn't be screaming bloody murder and demanding punitive tax-rates that help no one. But I'm a little off topic here... Thoughts? If this was a feeler put out by the administration (which govt officials are known to do from time to time on contentious issues) then the answer is in and obvious. But getting smug for posting a rumour because you feel it will help republicans in the next election (when really it was for dems to gauge opinion/support) is a bit much.

I want to be clear that I think that the govt forgiving frannie loans would be an extremely terrible idea for too many reasons to list here.

Also want to say that the big problem in America now isn’t taxes here or credits there… it’s more a ‘chicken and the egg’ problem. Businesses have tonnes of cash, but they don’t hire because they want to see demand improve (ie they’re looking at employment numbers)… but demand can’t improve until employment comes back. Someone’s gotta flinch, and it doesn’t look like the consumers have the will or firepower available now or anytime soon. So in the true spirit of republican ‘small govt’, corps shouldn’t get govt dollars/hand-out/subsidy to get them hiring to break the stare-down, they should do it to ‘trickle-down’ all that 0% cash they are hoarding. Maybe then the people wouldn’t be screaming bloody murder and demanding punitive tax-rates that help no one. But I’m a little off topic here…

Thoughts?

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