Comments on: Great Video Rant Against Homeowner Stimulus Package

By: ObliviousInvestor

ObliviousInvestor — Tue, 24 Feb 2009 12:53:11 +0000

Thanks for sharing that clip. I particularly liked his criticism of the multiplier effect. He’s (at least partially) right: If every dollar the government spent really did stimulate the economy by more than one dollar, ending a recession would be mindlessly easy.

But it’s not. So there must be a flaw in the logic somewhere….

By: Four Pillars

Four Pillars — Tue, 24 Feb 2009 03:12:03 +0000

N911 – yup that is the bottom line. I try not to be judgemental about people who are in financial trouble – the reality is that most of us are only a job loss and some bad luck away from that ourselves.

Regardless, throwing good money after bad just doesn’t make sense.

By: Nurseb911

Nurseb911 — Tue, 24 Feb 2009 02:34:00 +0000

I really like the “moral hazard” comment about each of us paying our own mortgage. -2% mortgages makes an excellent point also – if people can’t afford it they can’t afford it….pretty simple.