Official McCain or Obama

I agree, but there are many other things that lended a hand. I have a hard time seeing Obama making our economic situation worse. That would be tough to do.

 

Obama isn't a dictator. He will have many other people working with him to try to find a safe way to bring back our economy.

 

there is nothing wrong with sub-prime loans, per se'

it was the ARM's that f-d so many people up. they got convinced by the builders/financers that their little family of 3 or 4 with a combined income of say $60k - $80k could affor a descent home (as opposed to an apartment) between $100k - $150k because they would give a super low rate for the first year or 2 and not make it clear just how much that rated would increase after those 2 years. that couple with the fact that the taxes they thought they would be paying was because the property was previously undeveloped the prior year, so their taxes would be very low. all of a sudden, this year its taxed as a fully developed property with a $100k house sitting on it and they're taxes would skyrocket as much as their ARM. By the time its said and done, they're $1000/mo home payment shot up to 2, 3 even 4 times as much as it was just the previous quarter.