Do Democrats think that the government should buy people houses?

People made mistakes. They bought houses they could not afford using unwise financing, and now they are losing their homes.

Is it truly the government%26#039;s role to bail these people out?

The market corrects itself.

Yes people will lose houses, but they will also learn from their mistakes (hopefully). The lending institutions will also learn, as they see the value of their portfolios drop. In the future, sub-prime lending will be performed with a great deal more scrutiny.

Why is this process so hard for Democrats to understand?

http://news.yahoo.com/s/nm/20070815/ts_n...

Do Democrats think that the government should buy people houses?mortgage

Did common sense go on a permanent holiday? Why do people not read their contracts before signing them, and if they don%26#039;t understand them, why do they not pay a few buck and get a lawyer or paralegal to go over the contract and explain it to them in plain English? I%26#039;d think that people who were going into a loan agreement that they%26#039;d be paying on for more than a decade would want to know exactly what they%26#039;re getting themselves into before signing the thing. Are people knowingly entering into agreements that they know they cannot fulfill, or are they doing this out of ignorance?

Do Democrats think that the government should buy people houses? loan

Democrat think that people should send their whole paycheck to the government, and then the government will take care of all the people%26#039;s needs.|||Basically, anything with concentrated benefits and diffuse costs is open game for special interest groups. This is true whether the benefits go to the wealthy (e.g. corporate welfare, agricultural subsidies, and non-means tested prescription drug benefits for seniors), or to the poor (most welfare type programs) or to the unlucky (bailouts like this one). No single one of these programs costs so much that it really outrages tax payers as much as the benefits strongly mobilize a special interest group. The two parties are equally bad about this sort of thing.|||Of course, its all part of Socialism.|||simpleminded.... let me explain in the simplest terms for you....

The economy depends on people keeping their houses, foreclosures mean a crash in the housing market.... the governments job is to soften problems for the people as a whole.... and protect the economy.... of course we can ignore it and have a nice big recession for all of us,,,

Why are you so bent on not helping others?|||Girps said: %26quot;Democrat think that people should send their whole paycheck to the government, and then the government will take car of all the people%26#039;s needs%26quot;

Why that%26#039;s odd. How come it seems like I send so much money to fund this illegal war?|||The banks took on the risky loans so they should be held accountable..the government doesn%26#039;t have any business bailing out any company|||I am a Republican and I think something has to be done. Foreclosures are at an all time high. Mainly because of the predatory lending that want on about for years ago. The famous int rest only loan, that isn%26#039;t int rest only. They basically coned people into agreeing to the type of loan. We don%26#039;t need everyone to lose there houses because that then makes all of our home values go down.|||So you are a supporter of predatory lending tactics and belittle your fellow American for being victimized by corporate interests. That says of a lot for your con logic!!|||well they should provide some help to the people, were spending billions on a war i dont aggre with instead we can be using that money to help our own citizens before we worry about other citizens in other countries. Im all for helping the less fortunate than me, but we need to worry more about that in our own country|||I guess you would rather we bail out the corporations or the people that invested money in these batched up equity bundles. The mortgage companies got rich quick on people that didn%26#039;t know any better and didn%26#039;t read the bottom line. Yes they are to blame, but if we%26#039;re not bailing them out then we should not bail the mortgage processors out either.|||Democrats are big supporters of welfare and the nanny state, and expects the government to take care of everyone. So, they would expect the government to bail out fore-closures too. I personally think that it%26#039;s not a good idea to bail out anyone, because of several reasons.

1) The bail out money comes from 3 sources: taxes (other people%26#039;s money), printing more money (more inflation), and borrowing money from other countries (more debt) - so you either have to fork up your hard earned money to bail out someone you don%26#039;t know, or your money will go down in value because of inflation and deficit spending.

2) People need to learn from mistakes and be more financially responsible.

3) Most of the bail out money will go to the lenders%26#039; pockets, so essentially the government will be bailing out the lenders who gave out predatory loans.

On the other hand, instead of bailing out people, the Federal Reserve Bank can stop this inflation fighting rhetoric and start lowering rates. Sure, that will increase inflation, but it is the lesser of the three evils. People need to wise up and put their money in inflation-resistant investments.