Doing More With Less Since 1972

Category: Reading (Page 29 of 35)

Economy Responds to Obama’s Policies

Our Troubled Economy Is a Response to Barack Obama’s Policies

The market has notably plunged since Mr. Obama introduced his budget last week, and that should be no surprise. The document was a declaration of hostility toward capitalists across the economy. Health-care stocks have dived on fears of new government mandates and price controls. Private lenders to students have been told they’re no longer wanted. Anyone who uses carbon energy has been warned to expect a huge tax increase from cap and trade. And every risk-taker and investor now knows that another tax increase will slam the economy in 2011, unless Mr. Obama lets Speaker Nancy Pelosi impose one even earlier.

I guess people who understand markets didn’t get the “Hope and Change” memo. Read the whole thing.

Excuse My Language

But there’s really on one way to say it…

BULLSHIT!

Taxpayers and your mortgage lender will share the costs of lowering your payments to 31% of your income. That may mean interest rates as low as 2%. Or you may get the principal reduced. And if you pay your mortgage on time, the taxpayers will pay off as much as $1,000 of your loan each year for five years. For someone on $50,000 a year, this could be worth $4,500 a year, tax free. Those whose mortgage payments are less than 38% of their income get no help.

The Housing Bailout: Do You Qualify? – WSJ.com. Read the whole thing.

This is disgraceful.

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