Maybe I'm feeling a bit rash after listening to the latest Paramount Equity commercials.
Hayes Barnard is always claiming to have the lowest rates the world has ever seen, but NOW, thanks to the "firepower" provided by the approval of the $700 billion bailout they are able to offer lower rates to more people then EVER before.
I know our good friend Hayes would spin the situation however it turned out (see deceptive advertising featuring our very own Paramount Equity). And maybe I'm missing something by not being an economics major, but it seems to me that this is an indicator of what happens when $700 billion is suddenly given instead of owed - more of the same.
This is why I sent messages to my congressman urging him to not pass the bailout (Props to Blumenauer for voting Nay both times through!)