Thursday, March 27, 2008
Housing Loss Crisis
The United States of America is facing a severe crisis. Many people are losing their houses, and the goverment hasn't really done anything from stopping the rapidly increasing house foreclosures. A man by the name of Barack Obama has a plan to pump $30 billion into the economy to shield homeowners and local goverment from the worst collapse of the housing bubble. He said that the goverment was to blame for not being able to take care of the banks that were writing bad loans or stepping in to help the thousands of people that are declaring foreclosure and bankruptcy. I agree with this program, i believe that it will help out banks, local goverment, and thousands of homeowners. This money will help alot of poeple keep their houses, and stop the economy from going into a depression. Obama has great plans that will truly be able to help or struggling economy. Obama opposed what McCain had to say about this topic. McCain believes that goverment has no intervention in bailing out banks, homeowners, or the housing market. Obama has a better approach to the housing crisis, McCain is not going to do anything for the struggling homeowners, or the economy.
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I thought that this article clearly shows your admiration for Obama's plan because he plans to help the economy with the aid of the government. You seem to dislike McCain because he feels that the government should have no part in the forclosures of people's homes. I know that if i lost my home, i would be homeless because i would not have money to live anywhere else. I think that you make a great point on what Obama plans to achieve if he is president.
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