Propogating ignorance
Ooof. I don’t know the details of the bill, but if the article is correct and a large portion of the bill’s payout is to people who can’t afford their houses as a result of the subprime mess, Clinton is demonstrating some bad judgement.
Bailing out idiots who didn’t read the terms of their mortgage or didn’t add up their expenses versus income over time isn’t a way to reintroduce confidence in the economy, it’s government-sponsored rewarding of ignorance. Clue - if you’re looking to buy a house, and can barely afford the payments, so when the ARM resets according to the terms you’re signing then don’t buy a house. Don’t understand the terms? Don’t sign.
If housing is too expensive where you live, rent. (We rent.) If you want to buy as an investment but it’s too expensive, move. This isn’t hard. Your job doesn’t pay enough? Then go to where it balances out better. If you can’t do that, do something else or find another employer. I know I’m oversimplifying, but all the presidential candidates are talking up how great of a country we are, and if we really are that great, we should be able to figure out this complex ’spend less money than we bring in’ idea.
Oh wait, that’s the same problem we have at the government level. Hmm. Maybe we are just screwed.