Has Obama found a cure for the overpriced homes in America?

Its really stupid. The obvious answer is to just let the price fall back to sustainable levels and the banks will eat their losses. Then the people that still have money will buy up those assets at a bargain and replace the institutions that failed. Banks will cannibalize one another until the strogest emerge on top. And this would be a good thing. devaluing bad debts with massive inflation is so insane and destructive that I weep for the future of my country.

I think most of the Obama voters were too stupid to know what they were voting for. If he'd told them that next year their money would be worthless they never would have voted for him.

actually, I was thinking last night about the housing bubble in the late 70s, when we bought a house, turned and sold it a year later, with a huge profit. We didn't turn up our noses at the profit then, and neither did thousands, if not millions of persons.

WE who sold, profited. Few (if any) looked at the long term issues about lenders making loans on these properties.

The question is reality that the "economy" supposedly grew by houses being more valuable, when it was a created value, and inflation. THIS was not govt spending that made the inflation.. it was the American public. Not to say that the govt didn't spend, but that the govt is not solely responsible for inflation. So, I'll disagree with you that inflation is always caused by govt.

Things crashed for a multitude of reasons.. not just the govt, and not just one administration or the other.

As for current spending, the stimulus goal is to GET JOBS GOING. Bottom line is that it will continue to crash, as long as millions of people are out of work, and there is nothing to put back into circulation. Is it the BEST answer out there? Maybe not. My question is how much damage will happen, WITHOUT intervention?

Leading economists are more concerned about deflation right now. Nouriel Roubini (Dr. Doom) who accurately predicted the current economic downturn thinks that our greatest fear should be the possibility of a Japanese-style L-shaped recession: near stagnation or stag-deflation.

He thinks that the government should be doing more, that tax cuts are a waste of money and won't help the economy and that the government should nationalize the banks. Roubini's track record is pretty good so I would tend to pay more attention to what he says than to the theories of the people who got us into this mess to begin with.

Whenever they have trouble, just print more money. Easy.

With the stimulation caused by throwing money at museums, wetlands, building renovations, Salt Marsh mice, and roads to nowhere, we are going to so rich youre not going to know what to do with all that cash!

Alright lets be honest, Obama IS fixing America! What better way to do that but SPEND LIKE CRAZY. I expect to be called back to work any moment to my GM supplier. They really helped GM! After all, its not like theyre about to go bankrupt or anything!

No, we would applaud him with his rightful praise. Cancer is awful and whoever finds the cure she be awarded. -THE TRUTH about Obama and Cancer though is just the opposite. Pfizer came out with a NEW BREAST CANCER DRUG 2 years ago. Obama's FDA canned it because it had harmful side effect to SOME patients. What's a more harmful side effect? Insomnia or having your breasts cut from your body?

no. theyre typical libs. they tax and spend. if there is a problem they will continue to throw money at it instead of letting the market take care of it. all hussein obama is doing is expanding the democratic voting base. he will increase the amount of people that are sucking from the govt. teet.

I don't, but 52% of Americans did last Nov.

This must be what the people want. That's why he's in office!!! The American people voted for him!!