can u please explain that the TARP is for bank/credit recovery and the Stim Bill is for the economy, 1/3 taxes cuts about 35percent, 1/3 to help states make budgets and keep programs going so they dont have to cut to deep, and the other is for infrastructure and a start for Green jobs.

i see alot of people confusing what the stim bill is and consist of.

Please ask your guests to discuss the difference between those states which have disfunctional state budget management before the recent sharp decline in the economy (California and New Jersey are two glaring examples), and those that were in good shape until this recent event.

Let’s save the economy at No Cost to Taxpayers

Obama administration should give generous guidelines to State Attorney Generals and then to all judges….

In Mortgage Contracts, whenever they see a slight sign of deceit or misrepresentation in those sub-prime mortgages, Judges should freeze and postpone the mortgage payments a few years.

If the Mortgage Brokers made the loans with “I don’t care without requiring proof of income, that means there is a predator and a victim. The last 8 years, the new laws and “reform acts” that have been passed were almost against the “victims” (you, me, and us).

So, we should undo this trend so that such deceptions will not happen again and again and again. The positive effect at the low end (foreclosures + house values) will be so enormous, it will easily cover the market losses if Goldman Sachs (blessing) and other Morgtgage Benefectors go out of business.

This is very easy to do. There will not be opposition in Congress; everything will be under the radar and will be supported by the masses.

Judges should weigh the lending practices: Length and complexity of the Mortgage Contract, font size, layout, not requiring any documentation, sudden rate of increase of APR, pressure tactics, education and language levels of the mortgagee, income/debt ratio, past lack of willingness to offer reasonable relief, who benefits and why if the property were foreclosed, etc.

Our goal should be perhaps to put Goldman Sachs and speculators out of business. They are the ones who have bet on “These Mortgages Had To Be Paid Back Or Else We’ll Get The Houses”. If we protect them, we will be handing over the money that our kids do not have.

This scam of sticking to people who always wished to have their own homes is another derivative of the S&L crisis. If you compound the cost of S&L bailout at 3.0% for 26 years, it is about $1.8 Trillion of transfer of wealth.

We should all think about moving to Nebraska. It doesn’t have the bottomless pension and healthcare obligation to state workers and, as a result, is not in nearly as dire circumstances as most states.

States that have caved into public employee unions will end up taxing their citizens to death.

[...] the new law will make in “green” energy-related jobs. But, On Point asks, will the billions directed to state capitals like Denver be [...]

What is wrong with OnPoint?

All the guests are Gainfully Employed and are commenting on Trickle Down Solutions while the are sort of close to the top of the food chain.

Look at today’s Guests. They are the “Authorities” who occupy the seat or voices; the prof probably has tenure from the university.

Geithner, Summers and their friends and their neighbors and relatives are all at the top of the food chain. Of course, they will have the Ultimate voice in the trickle down cash from the Auto Industry to Fixing the Mortgage. Those people will always get the first cut.

Why cannot we look at the Fraud and give postponment of Mortgage payment to the Bottom (people who are lied to in the past and will be homeless tomorrow), with no questions asked.

Currently if you don’t have money and you got a forclosure notice, you cannot bring your case to court of law… without the lawyers laughing you during the process and the Judge throwing your case out before even opening the file.

Bring Justice to the Mortgage Crisis and give the short end of the stick to BIG LENDERS, for a Change (we voted for)

Hey, I agree, with the problems with the guests.
but the REAL problem is that the crisis is
a) ONLY beginning now…
b) gonna last 3-5 years
c) gonna totally destroy today’s auto industry
d) ain’t gonna be done with ONE 800Billion dollar package.

It took about 14-18 billion dollars over at least 10 years to get out of depression 1.0

I now say that we’re in depression 2.0, and this is such a crock, since it is not nearly enough $$$ to go stimulate the economy…

And btw I believe we also need to NATIONALize the banks AND the AUTO companies.

(banks will take about 20-90 TRILLION dollars to resolve) AND auto companies need to become TRANSPORTATION companies (look here:
http://sos-newdeal.blogspot.com/2009/02/no-no-nono-thousand-times-no-car.html

With all these bailouts and stimulus packages, I keep wondering, where is the vision for a new society? Are we just trying to recreate the old and get back to “normal” so we can rack up the credit cards and deficit all over again? Why are we trying to save car manufacturers who have taken 30 years to wise up to the need for fuel efficient vehicles? Why are we supporting the housing industry when civilized people in other societies are perfectly content to live in condos or apartments? Why aren’t we rethinking our life style and participating in a new day?!! We do not have a WWII that we can all get behind, but we do have a war on our greedy system that has been consuming a good deal of the planet and leaving us and the world in economic chaos! Instruct all Americans on how they can economize to save the environment (and our economy) and reward them for doing so! Quid pro quo. The situation is dire – that’s precisely why we need everybody to pitch in, not just the government to bail us out, especially when everyone knows the government can’t and it’s destabilizing to think of further depleting our government! As George Bush I used to say (and I’m a Democrat), “It’s the vision thing!” We can’t just repeat Abraham Lincoln or FDR, we need fresh new vision for today! (Not same old, same old.) PLEASE, PRESIDENT OBAMA! GET SOMEONE WITH VISION!!! We’ll follow!!!

Bernie Sanders is the Harry Truman of this age.

His “it it’s too big to let fail, it’s too big to bail”
is my mantra.

Let the Citicorps and other zombies die… Let those rotten bastards go without “free bail”..

jb

ps: The two Hendersons , David K Henderson, and the man from MIT: put them in charge.!

Pardon the typo…

I meant to type “IF it’s too big…”

jb

The next time I hear a conservative accuse me of being a hypocrite because I advocate a higher tax rate but don’t voluntarily pay that higher rate, I will remind him about the Republican Governors who took Stim money even though they advocated against the Stim.