The Growth of Solid Investments and Solving the Foreclosure Crisis Essay

The Growth of Solid Investments and Solving the Foreclosure Crisis Essay

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Solid investments grow. This is obvious, I know, but it lies at the heart of my solution to the foreclosure crisis. Housing is normally a fairly solid investment, and a temporary downturn has caused thousands of Americans to resort to giving up their investments, their homes, in order to feed themselves. Allowing these people who have done nothing wrong, but are merely victims in a crisis, to give up their investments for less than the actual worth or even for less than they bought the property for can only make the economy worse and strain already overtaxed welfare systems. Volunteers and charities have been chipping in, working as much as their poor overworked bodies can endure. It is not enough. The tax cuts under President Bush, TARP, and President Obama's stimulus plan are not enough.
The only way to relieve these victims of their plight is for a solid application of Keynesian economics worthy of Franklin Roosevelt. No, we do not need farmer subsidies nor do we need to have people dig a hole just to fill it up again. We need the government to support all Americans above the poverty line and below the two-hundred-fifty-thousand dollar per year income line that Obama promised not to increase taxes during the campaign during this foreclosure crisis. Supporting, in this instance, means taking over the bill to save people from foreclosure. This would be a more direct way of supporting the people than the trickle down theory of bailouts to the wealthy and the idea of supporting jobs by propping up dying companies, which were also ideas born of desperation to aid an ailing economy. They had their place and from early reports displayed by CNN, as many as (and most likely significantly more than) thirty thousand jobs have been dire...


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...rotest helping pay the bills for states such as California, which had a peak median house price of approximately $550,000 in 2007. The most feasible solution is to simply guarantee funds to the states as they require it to bailout foreclosures for all eligible Americans in the form of a categorical grant detailing that the money must be spent only on bailouts directly to citizens to prevent foreclosure.
Both of my above suggestions are feasible and would have a restorative effect on the economy and the obvious benefit of helping Americans keep their homes. I would advise President Obama or Congress, if my submission wins, to head forward with whichever implementation of the direct bailout they think would be most acceptable by the American population at large and the most likely to pass through the capitol hill smoothly. Thank you for your time and consideration.

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