BigGent's Blog

As I'm sure you all can see. We aren't even the tip of the iceberg. There is Confusion & Frustration everywhere. I'm just of a mind that if I'm paying my hard earned money for something, I'd like something in return. Preferably something Tangible.

Now I understand the importance of keeping our economy afloat. It just seems so unfair to GIVE money to businesses that are just going to TAKE more money from us? Will our mortgage or credit rates go down? I doubt it. not with the credit freeze going on now. I'm sure if anything,when the freeze is lifted, interest rates will go up because of skittish investors.

Once again,I'd ask The Banks,Mortgage company's, Investment groups or whoever else stands to gain from this Bale out, to forgive all Mortgages & Credit Debt to American Consumers. I May not be an Professional Economist, but it just makes good business sence to me.

Let's look at it shall we?

People with no Mortgage will have more money to spend. There's your Economic Stimulus right there.

People with extra money (real money) do tend to buy a lot, Like let's say ...a new or better home. Let's think about that for a minute. What do you think the effect of a sudden surge in home sales would do to our economy? My guess would be, Home values would skyrocket, back too or near where they were five or 6 years ago. People could Sell or Invest in their homes again with out worrying about  losing money.

The New Car Markets would heat up to levels not seen in over a decade. Plants would have to reopen to keep up with demand. Laid off workers would be recalled to work in not only the auto plants but supply plants as well.

As people returned to work,so too would the Cities that have faced so much abandonment & decay over the years. All the small businesses that have seen decline would actually experience a new economic growth & Be able to expand,Hire & Rehire as well.

As people came back to towns all over America, the Children they bring back would once again fill the classrooms of struggling Schools. Because the Greater the enrollment, the Greater the finances available to Educate the Children. So in theory, Children would get a better education, so we can Nurture More Intelligent Leaders to keep us from getting back into this mess ever again.

Would the Banking or Credit industry suffer because of this temporary loss of funds? I'd say no, not at all. as a matter of fact, I'd say they'd prosper as well. Because now. Because of money that was ours in the first place. They would be getting more customers, that would not only apply for new loans.  But can actually afford those loans as well. So I'd say.

"Fear not Credit Company's. They'll be plenty of Consumers that have not learned their lessons,for you to prey upon".

Yes, I might sound like an Idealist. But I feel if WE'VE got to pay for it. $700 Billion is a small price to pay for Financial & Economic Prosperity.

         Thank You for your time. Big Gent: