Fix Housing First Program v. H U B R I S
The home builders' lobby is now begging the Beltway Blowhards for $250 billion in stimulus for some boondoggle they are calling "Fix Housing First ". To put it simply the plan calls for Uncle Sam (meaning us, the taxpayers) to subsidize their overpiced homes with a nice tax credit for home buyers AND a federal subsidy on the mortgage rate. Why don't these builders just stop building houses for about 6 months? There is NO plan that can stop house prices from falling. The market will have to correct itself.
Can I make some suggestions for future federal programs?
H U B R I S : Houses Underwater Bring Really Interesting Solutions
P E R P : Pathetic Executives Require Prision
C R A P : Citizens Rally Against Pork
C L A W : Citizens Lobby Against Waste
Can I make some suggestions for future federal programs?
H U B R I S : Houses Underwater Bring Really Interesting Solutions
P E R P : Pathetic Executives Require Prision
C R A P : Citizens Rally Against Pork
C L A W : Citizens Lobby Against Waste
Hey, my stocks keep going down because of all these bailouts. Can I get a government infusion of cash too? I only need $100k. P E R P -- I like that. Who will be the first to take the PERP walk, Richard Fuld? I wonder if he'll put a bag over his head when he leaves the courthouse in disgrace.
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