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November 15, 2009

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User profile: Kristofor

Joined: Sept. 30, 2008

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Posted on: Ensign votes against housing bill that passes Senate

The crisis was created due to several factors, not all of which does anyone understand. However, we do know that the government was printing lots of money to pay debts, and this normally causes nasty inflation. To prevent or reduce the risk of inflation, the government "held down" the interest rates when they otherwise would have been higher. This helped create an artificial demand for housing.

There isn't any money for the buyout. The government doesn't have it. All they would do is print the money, which would further devalue our dollar. Our children and grandchildren will be stuck with the bill, because much of these bailout "loans" will never be repaid. It will further choke our country.

Stabilizing our economy requires our government to get spending under control, let people have more of their income, and stop allowing federal reserve bankers to print money. Pure and simple.

Thank you, Senator Ensign, for your part in stopping this thing. It gives me hope that you still have your conscience.

We need leadership in the Senate and Congress to tell the truth and do what's right. Please be "our guy".

(Suggest removal) 9/30/08 at 7:43 a.m.

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