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Ben Gleib



Last Updated: 11/17/2009

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City: LOS ANGELES
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Signup Date: 2/28/2005

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Dave
Friday, October 10, 2008 

In an open letter to Obama, and in a separate plan, I proposed my own bailout plan, while congress was struggling trying to figure theirs out.  Im my plan I suggested that half the money, 350 Billion dollars go directly to homeowners struggling to pay bad mortgages. 

Then, on Tuesday, during the second Presidential debate, John McCain proposed almost the exact same thing!

I guess this means my plan sucked.

Oh well, maybe next time.

10:21 AM
 
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Previous Post: Senator Obama, Please Lead Us Now | Back to Blog List
I must confess I'm a real live wire...

 
At least you have your youth!
 
Posted by I must confess I'm a real live wire... on Friday, October 10, 2008 - 4:35 AM
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SPolgar
Steve Polgar

 
In theory it is a good idea. The problem is that it would insure a loss for tax payers and give money to the lenders that were misleading consumers. The bailout is needed but it still does nothing to fix the root problem of the economy. We can do other things like changing the mortgages to keep interest rates low and extended the length (ex: 30 years to 40 years). Lenders will take a loss but not as many people will default on their mortgage.
Well anyways, there are a bunch of others ways but the main way to help fix the economy is to VOTE OBAMA!
 
Posted by SPolgar on Friday, October 10, 2008 - 4:37 AM
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