And They All Look Just The Same
When you have a big house made out of ticky-tacky sitting in the middle of freakin nowhere in an exurb where it takes a ton of gas to get to work, there’s nothing for your kids to do without being driven somewhere, and you can’t even find a decent cup of coffee – and that crap house sells for half-a-million dollars, something is very wrong. Because that house has no actual worth. No-one wants to live there. So throwing $1,000,000,000,000 at the problem will keep that house selling at that half-mil price point TEMPORARILY. Eventually, something that is worthless will sell for close to nothing in any capitalist society. These exurb developments are the slums of tomorrow.
The bailout is designed to give some buffer time for the very wealthy to liquidate their worthless assets in an artificially sustained market. That is its only purpose. The market will probably fail soon with or without the 1-trillion bailout. It’s quite sad to see the Dems going along with spending your money this way. It seems that we need a clean sweep of Congress.