Irresponsible Home Buyers Reaching Deeper into our Pockets

April 29, 2009 by  
Filed under Economics

rescue_moneyHandout specialist – and professional nose wiper – President Obama has decided to toss more taxpayer money at irresponsible home buyers. (I won’t say home owners because those folks don’t own anything except mountains of debt.) I am referring to the money morons who, when lacking cash for a down payment, used a second mortgage to close the deal.  Read more


Making Home Affordable Arrives Late to the Accident Scene

March 23, 2009 by  
Filed under Economics

cliff_jumpingThe government has launched a new website – MakingHome – intended to help existing homeowners find out if they are eligible for government help with their mortgage.

The site title – Making Home Affordable – is catchy isn’t it? And so ironic. I’ll explain. Read more


Washington Now Creating Economic Fantasies

February 24, 2009 by  
Filed under Debt and Credit, Loans and Borrowing

The Obama economic team is so desperate to implement its rescue agenda that it is relying on fantasy and myth about our economy and about the laws limiting its authority. Read more


Homeowner Mortgage Rescue Plan: Unanswered Questions

February 22, 2009 by  
Filed under Debt and Credit

Lots of people are upset about the $75 billion that President (“watch me sink the markets”) Obama wants to  transfer from responsible homeowners and taxpayers to “at-risk” homeowners.

I haven’t yet solidified all of my feelings about it, but they are mostly negative.  My thoughts range from “what did you expect” to “mildly annoyed” to “let’s put signs up in the yards of everyone who is bailed out.”  Where my feelings end up will depend in large part on the answers to these questions:

Read more