Handout 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
The government has launched a new website – MakingHome Affordable.gov – 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
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
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: