Do you think stimulas tax rebates will help? What if people buy imported goods? Targeting housing be better?
Written By: admin on July 20, 2009
One Comment
It seems like targeting rebates towards housing would be better. That is where the largest problem is. Increase funding to FHA. Grant FHA loans at below market rates to lower income people with decent credit who are refinancing adjustable rate or who are buying for the first time. To qualify, the person would have to be below average income and buying a lower priced house. This would eventually help middle-class homeowners trying to sell, because some of the people selling lower priced homes would go up to the next level.
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That would only help housing and only low income people who made terrible choices already. Reward terrible behavior and you just get more of it. Some bailouts have already rewarded people who were irresponsible and the people who lived within their means are mad. The only want to stimulate spending is to get money into the hands of spenders, give it to debtors and savers and it will pay off debt or get saved. You want to see ever cent given out spent send it to people on SSI they always need more than they get since they get a pitiful amount.