Wednesday, February 18, 2009

Housing Idea

I'm a little bit skeptical about the housing bill. $75 billion sounds like a good number, but here's the issue: the idea of pumping money into firms like Fannie Mae and Freddie Mac sounds good on paper, but not everyone uses Fannie Mae and Freddie Mac, although the government essentially controls these 2 firms, they must make sure the money is being used for its intended purpose and not being put in the pockets of rich CEO's. Also, what about people not with Fannie Mae or Freddie Mac? We need to do something for them.

With all that being said, I think both this and the stimulus plan are steps in the right direction for getting this economy back on track.

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