Comments on: Housing Stimulus 2.0 – Is It The Solution?

By: Home Buyer Tax Credit Revamped | okREblog - It's All REALative

Home Buyer Tax Credit Revamped | okREblog - It's All REALative — Wed, 18 Feb 2009 17:09:54 +0000

[...] Housing Stimulus 2.0 – Is It The Solution? [...]

By: Dirk Meadows

Dirk Meadows — Mon, 16 Feb 2009 14:54:58 +0000

Ryan, I think the least the government is in our lives the better. I know that laws have to followed, the defense of this country is very important and services that make our lives more convenient are essential. But the tax system we have with credits only complicate. However the political parties are there to get re-elected and they really should be more concerned with governing. But that's just my opinion.

By: rhukill

rhukill — Wed, 11 Feb 2009 01:38:23 +0000

Dirk, it's great to have your input on this topic, and I have to admit that I feel the same about the bailout approach. Even though it may benefit me personally short-term (likely not), it doesn't help us in the long-term. In your opinion, should ANYTHING be done by the government, or should they stay out of it altogether?

By: Dirk Meadows

Dirk Meadows — Tue, 10 Feb 2009 14:52:54 +0000

Ryan, I enjoy your blog. On this particular question my problem with the government doing anything in the private sector is that it always leads to inequity for someone. For example I don't think our economy in Oklahoma has been effected like it has in other parts of the country. That's because we have not done the speculating that others have. I think market conditions have to be corrected by the market not by some artificial stimulus that will reward the very ones that got caught in their speculations. Just like government bailing out the car industry or the banking industry, this has created an artificial fix rather than a true correction by the very market that we operate in. It will come back to bite and will be worse next time because it was not fixed but just glazed over.