Home |
Search |
Today's Posts |
#1
posted to rec.boats
|
|||
|
|||
A bucket full of pork lard
The total amount of money at risk from “toxic” mortgages assuming the
prices are inflated as much as 50% is considerably less than $500 billion. The govt could buy a share in these mortgages and get rid of the mortgage insurance set the interest at 4.5% thus lowering the payments radically and assume a part ownership in the property so that if sold they get a percentage. Zero down mortgages are STIL BEING PUSHED. Stop this nonsense that caused the problem. Give a $30,000 tax credit/employee to any company that hires a new employee in 2009 and keeps him for a year with either an additional smaller tax credit in subsequent years of they pay back the tax credit if they lay him off. For a million new employees, this would cost the govt only $30 billion dollars. For a whole years worth of the sort of lay-offs we saw this past month it would only take $180 billion. THIS WOULD DEFINITELY PRODUCE NEW JOBS. Instead, we have a trillion dollar lard bucket with only 90 billion in infrastructure. The rest is pure pork lard. |
Thread Tools | Search this Thread |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Forum | |||
Uncooked pork | General | |||
otherwise the bucket in Samuel's coffee might love some full hats | ASA | |||
Cedar bucket is full of Bertie | ASA |