Exclusiva
The Headlines From Around Latin America and the Hispanic World

David Puente is the anchor for ABC News' "Exclusiva." He regularly reports on immigration and politics in Latin America and the Hispanic community in the U.S.
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WE ARE VLOGGING AT www.abcnews.com/exclusiva
October 01, 2008 3:54 PM
October 1, 2008 | Permalink | User Comments (1)
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BAIL OUT HOMEOWNERS (CONSUMERS)
Bailout homeowners (consumers) by (1) lowering their mortgage payments (2) placing past dues payments at the end of the mortgage so homeowners, who have lost jobs, wages or other hardships that prevents them from paying present mortgage payment so homeowners can start making their mortgage payments and they will “bailout” lenders. They will also bailout the auto industry because they will be able to buy cars, (3) bring back jobs from foreign countries and create jobs by rebuilding infrastructures of this country, etc. Bailing our lenders who are taking people’s homes and auto industry so they can build more cars is useless if consumers don’t have jobs and do not earn money to buy homes and cars, etc.
Auto industry does not employ enough workers to off set the condition of our economy.
(4) deport 12 million illegal aliens who defaulted on their homes, took jobs and lowers wages or American workers, and stress this country with education their children, providing healthcare and using our legal system and sending $24 billion home to Mexico that is earned here but not spent here and go back into our economy. Who contributed to the mess our economy is in.
Lenders and the auto industry need to take their head out of their own butts and start thinking about how they got in this situation in the first place. Making bad loans and building big expensive gas guzzlers and think about who really can bail them out. Consumers.
Lenders and auto industry should not be bailed out with taxpayer’s money until the consumers are back to work and making money.
Posted by: hallie | Dec 5, 2008 8:38:29 AM
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