[Grovenet] bailing out taxpayers

[Katie Allnutt]

As I understand it they are bailing out us middle class taxpayers to  
the tune of $800/year. ($400 for single filers)
While there aren't very many zeros behind the 8 in the aggregate it  
is quite a large number.

Katie



On Feb 27, 2009, at 11:10 AM, Steven wrote:

> Say you got a $400k house that is now worth $200k.
> Everything will inflate. So that $200k house will sell for $400k.  
> Thus they
> sell and pay off the mortgage. Thus the banks are saved from their  
> toxic
> loans.
> Won't help us a bit. Your retirement fund will be worth more, but  
> buy less.
> Have you noticed they aren't bailing out us taxpayers?
>
>> -----Original Message-----
>> From: grovenet-bounces at rdrop.com [mailto:grovenet- 
>> bounces at rdrop.com]On
>> Behalf Of Walt Wentz
>> Sent: Friday, February 27, 2009 9:22 AM
>> To: Forest Grove local interests list
>> Subject: Re: [Grovenet] Another anti-science Republican  
>> screed ? ? ? ?
>>
>>
>> Uh... Steven, if we suffer 20% inflation for five years, how would
>> owners of homes (those who hadn't been forced out by foreclosure
>> after they lost their jobs) be able to sell at "break-even?"  If a
>> dollar five years from now will only be worth 17 cents and a Yoo-Hoo
>> bottle cap,  where's the break-even return?
>> Weimar Germany used to be the poster child of the blessings of
>> inflation, but now we have Zimbabwe...
>> Walt
>
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