Thread: Not to seem stupid, but please tell me again
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Old 04-01-2009, 02:40 PM  
sortie
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Quote:
Originally Posted by sarettah View Post
why my idea wouldn't work.

Back in October I posted my solution to the economic situation (for at least the U.S.)

Original thread is http://www.gofuckyourself.com/showthread.php?t=863605

and an easier to read version of the original essay is at http://www.americantune.net

The cliff notes version is that if we spent 12 trillion dollars and paid off all consumer debt in the U.S. the economy would be healed. A Bottom Up solution.

As of today, the Fed has spent, lent or pledged 12.8 trillion dollars and we are no where near seeing the light at the end of the tunnel.

http://www.bloomberg.com/apps/news?p...efer=worldwide
Because your plan would result in a rush on all empty homes with more stupid loans since
they are all going to now get a house for free from the government.

And of course any home owner with a brain will claim to be broke so they can get their
free house too.

Basically your plan is the dumbest shit I ever read.
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