trying to get as rich as possible in the allotted time but it backfired when the economy fell & the $ fell. If it keeps falling they just might be back where they started, ending up only as rich as they started – imagine that.
Making money on a falling dollar is easier than you think.
People can be incompetent beyond belief – especially if they are appointed via connections- rich privileged people who have never thought about anything except their pompous, self absorbed pampered existence.
So they can't tie a blood knot or change a tire, doesn't mean they are incompetent. Most rich people, (real rich people, not politician rich), knew the economy was gonna do this for awhile, it's a market correction. They pull their money out way ahead and put it in another growth area, while we go into further debt mailing out $300 checks. They're not as concerned about joblessness, the interest on their residuals could support a handful of American families comfortably.
I hope the rebate whether borrowed or not goes through. It could keep some families out of foreclosure & should help our economy.
It's another short term band-aid. When we get the money it will either cover one month's mortgage payment or go to buying more stupid sh/t from China. If families are already in foreclosure, they are probably owing a few months payments, attorney's fees and whatever may be unpaid escrow. And the money is definitely borrowed, so you'll just pay it back in taxes and higher fuel prices as our dollar drops again. It's one good last kick in the nuts to the next prez as this administration leaves the White House.
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