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MatthewS commented on the blog post Ending High-End Tax Cuts Has No Impact on Economy
Completely agree. Never in history has it been proven that giving more wealth to the wealthy creates jobs. It’s because they don’t create jobs. If they did, the Bush tax cuts would have ended up much differently. And there are many many other examples. Although given more money to the rich does is make them richer. Supporting programs that actually create jobs to give people more wageday advances who spend it on goods and services creates jobs.
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MatthewS commented on the blog post Congress Passes Student Loan/Transportation Package
Tax the gas, big oil will have to lower its prices because more and more people all over the world are rejecting gas driven cars for electrics that use gas as a seldom needed back up. Regarless of what they say in their, “We are your friends” commercials, big oil is friend to no man or government on the planet. We still will look for the easiest and fastest lending company. I’m glad they are finally doing something but it’s just a little late and seems more of a political move rather than something they are doing for the good of the nation.
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MatthewS commented on the blog post New Fannie/Freddie Analysis Supports Principal Reduction
I think it would be plain to see and sort out who is losing their homes as a result of taking out mortgages that they couldn’t afford and who isn’t. There are records to look at and income statements to review that would reveal this info. My heart breaks when I hear people saying it wouldn’t be fair to help those underwater without giving money to all. Count your blessings, be happy you still have your home, a job and possibility to address to direct lenders. The people were not asked or allowed to vote on the decision to bail out the bankers, how fair was that? You were forced to give to the dastardly bankers, how about freely and lovingly give to your fellow Americans and feel good about it?
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MatthewS commented on the blog post Move Your Money: Hundreds of Thousands of Transfers From Big Banks to Small in Last Three Months
The banking system is run on %’s and ratios. I am a fan of smaller banks as well as Credit Unions and other lenders like this in cases of personal emergencies of course, but credit unions are not stock institutions…if they should ever have a situation where they were in trouble because of loan losses… they would be unable to raise capital… this is important because it is the same situation that troubled the savings and loans that were mutual institutions (belonging to the depositors) if they get in trouble…they are done. Small banks are able to raise capital by selling more stock…or merge (sell to another bank).
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