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Why not fix the problem?

Is it really that difficult to actually fix our economic problems?

1. You make it more costly for businesses to send their work over seas. People who do not have jobs because of this can not spend money they do not have.

2. You stop the banks from forclosing on all of these homes. Instead, make them work with the people on reducing or holding their mortgage. People who have lost their job because it got sent to china, now can not pay their mortgage, so instead of working with these people,the bank for closes, and now has a property that they can not sell because it is worth less then they borrowed for it.

IS IT REALLY THAT FRICKEN HARD PEOPLE?

6 Answers

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  • 1 decade ago
    Favorite Answer

    I think once we cease dumping millions upon millions of tax dollars into a region that doesn't want us there, and that we're not helping anyway, we'll be better off.

    I'm sick of paying for our soldiers to die.

  • 1 decade ago

    No it really isn't that hard. The Fed should have told the Banks to drop the interest rate on all their held mortgages to a fixed 3% if they took bailout money. That would have saved people hundreds per month, would have let those that owed more on their house than it was worth to remain in the house and still let the banks make a profit. I agree that they should do more to prevent companies from moving operations overseas to save on labor costs, possibly by raising taxes on US companies brining finished products into the US.

  • 1 decade ago

    1. Agree with you 100%

    2. A bit trickier. Where in the Constitution does the US Government have the power to dictate to private industry how it is to behave? It's not there. Now, if Company X accepts bailout money, that's different. As long as the terms are dictated before the money is taken.

  • Anonymous
    1 decade ago

    1. by doing that, you raise prices - which people don't want to pay - and raise inflation.

    2. That would effectively destroy the banks. They are depending on that high interest coming in. They expected it coming in and had borrowed money against that level of income. By reducing their income, you effectively make them insolvent.

  • 1 decade ago

    No, it's not. I didn't major in economics but I know you don't fix debt by piling on 10x more.

  • 1 decade ago

    no its not, somebody please explain that to Obama and the peanut gallery.

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