Human nature is amusing sometimes.
You: Don’t you mean “amazing?”
Not this time. Whether it be the health and safety of an individual or the foreign affairs or financial stature of a global superpower, it always seems to take a crisis for people to really start to care enough to put aside their differences in order to get something meaningful done.
You: And even then it might not happen.
Very true. And of course, the fix is to the last or current crisis, setting the stage for the next one. . .
Anyway, it looks like they (Congress, the President, the Fed, the lobbyists, etc.) are going to work out a deal, but I’ve heard that before. We shall see. I’m just glad I don’t have to work on that today. You probably don’t either - can you imagine a Congressperson reading this instead of working on the deal? Get back to work! I’ll take the ratings hit for the sake of my country.
You: You’re a true patriot.
Ha. Anyway, consider taking a few minutes to read this week’s Carnival of Personal Finance hosted by Debt Kid. In addition to my article demonstrating how the first time home buyer tax credit that isn’t really a tax credit, there are over 50 additional useful articles. My personal favorite, albeit on the longer side, is Simple Dollar’s 12 biggest personal finance mistakes people make over and over again.
It’s a shame, but it’s true. Better to learn from someone else’s mistakes, don’t you think? Take note future large economies of the world . . .
Tags: economic crisis, financial mistakes, homebuyer tax credit
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Michael, you raise some very good points. Why not lend the money to every US taxpayer. My math says we would each get $400,000. That will help pay off the mortgages and get the economy moving big time.