Yes, I have concerns too. I’m supporting Obama. He’s the best chance we have to get past the partisanship that defines the current crowd. Also, the most important issue for me is energy research and Barack is out front on this.
With RE bailouts, I don’t agree with Obama’s position. I’m against socializing the losses. I recognize the risks to the broader economy, credit market issues, etc. but I still don’t think we should be talking bailouts.
If it does occur, note the finance and banking industries are the primary recipients, not homeowners. ‘Socializing’ the losses benefits banks, investors and Wall Street first, with ‘trickle-down’ effects to individuals.
Also, you have to recognize that the inflation we’re incurring right now, dollar devaluation, etc., while nobody calls it a ‘bail-out’, it’s another form of a subsidy, means of relieving pressure on corporate balance sheets.
The whole situation is very complex, definitely shades of grey. It’ll be interesting to look back in 10 years and understand more completely what happened. Right now, it doesn’t look like there are any easy ways out.
