| President Barack Obama is really coming into such a | | | | everything by buying expensive houses. Encouraging |
| dangerous era in the history of the United States of | | | | risky behavior is never good in any situation. Not |
| America. Right before the reigns were handed to the | | | | letting people and entities face the full consequences |
| man, the carriage was already in shambles. He is left | | | | of their actions is bad for the economy. In business, |
| with such as big task of cleaning things up and finding | | | | this is referred to as a moral hazard. If people, who |
| a solution to one of the biggest problems facing our | | | | bought homes even though they knew it was a risk, |
| country and our world today. Make no mistake about | | | | are rewarded by their bad judgment by being bailout |
| it; this is one of the biggest problems that have hit | | | | out, then they will keep this thing in mind the next |
| America so far. If you have ever seen pictures of | | | | time they are facing the same decision. The same is |
| the great depression, then imagine that and know | | | | true for the macrocosmic perspective of things. By |
| that what is happening right now is worse than what | | | | bailing out banks and companies that created such a |
| had happened back then. So what is Obama doing | | | | no risk evaluation culture in order to sell more, this is |
| about the situation? Everyone knows it by now. The | | | | going to send a message that it's ok to keep on |
| Obama bailout plan got congress to approve a $700 | | | | doing the same thing over and over again. No good |
| M fund to help families and companies that are | | | | will come if the full reality of what they have done |
| drowning in the recession. Some $200 B will be spent | | | | does not sink in. Also, those who did not risk their |
| on the housing bailout plan. | | | | financial future are the ones going to suffer under |
| Right now, 56% of Americans support this program. | | | | the taxes that would bail the ones that took risks. |
| This isn't really overwhelming. 42% on the other | | | | Pros |
| hand, think that the plan should be flushed down the | | | | According to the President, this bailout is for |
| drain. With this kind of divided opinion, the bailout is | | | | everyone's benefit. If the bailout is successful, then |
| skating on very thin ice. There are many criticisms | | | | the failing businesses will slowly get back into its feet |
| pertaining to the bill circulating in the media. Here are | | | | and the jobs will come back. Also, foreclosure signs |
| some of the biggest criticisms of the Obama Housing | | | | tend to devalue the surrounding property by around |
| Bailout Plan and some of the good things that the it | | | | 9%. Therefore, saving houses from foreclosure is in |
| is purportedly going to effect. | | | | everyone's best interest. If the housing bailout plan |
| Cons | | | | succeeds, then everyone's property value will not go |
| The 42% that opposes the bill have very good | | | | down and the economy will be on the rode to |
| reasons to do so. First of all, it seems that the bailout | | | | healing. |
| rewards those who risked their equity and | | | | |