Posts
If you are a mortgage holder who is either struggling with crushing payments, bitter for having overpaid for your home during the bubble, or who has extravagantly refinanced when prices were rising, the government's landmark $700 billion bailout package has an important message for you: stop making your mortgage payments . . . immediately. Furthermore, if you believe that with some planning and sacrifice you may be able to meet your mortgage obligations, the government's message is clear: relax, don't bother. While angry voters have labeled the package as a bailout for Wall Street, it is more akin to a “Get out of Jail Free” card for anyone who acted irresponsibly during the boom. Here's why.
Read the whole thing. One of the first maxims you learn in economics is "there is no free lunch." So ask yourself: who pays for all the "get out of jail free cards" being issued to the irresponsible elements of society. Angry yet?
2 comments:
I guess I'm now a published author. Go figure.
http://mountainrunner.us/2008/10/routledge_handbook_public_diplomacy.html
At the going price though, I DON'T expect you to run out and buy a copy.
Congratulations to both of you! I'm thinking this was the project your other half once invited me to be a part of. Heck, if I'd known the book would sell for $162 a copy... ;)
Good on you both, for seeing it through.
Post a Comment