I finally got time to watch a recording of Saturday night’s Saddleback Church event with Obama and McCain. DJ made some excellent observations earlier in the week, which I thought I might supplement a bit. If you have not seen it yet, I strongly suggest that you view this event as I think it provides the most candid view of these candidates available to date.
I don’t really know Rick Warren that well. I have read “The Purpose Driven Life”, as have millions of others, and I did find the book helpful in my perspective on and relationship with God. I appreciate his work on that.
Rick rang a bell I’ve been tolling here from time to time… we need to find ways to engage …
As expected, President Bush signed HR 3221 into law this morning, making billions of federal dollars available to home owners, shoring up Fannie Mae and Freddie Mac, and providing closer oversight of the financial aspects of home ownership to the Administration and Congress.
What a shame.
After speaking with a good friend of mine that is a CPA, the tax incentives, particularly the $7,500 tax credit (a topic which is burning up the search engines at this time), are going to make life harder for tax preparers, tax payers, and probably increase the cost of running the IRS. As I’ve said before, There are going to be a lot of problems keeping track of this.
Plus, this is just an unfair competition with banks. The government …
Well, it took almost 3 months, but Congress finally passed the bill today, on older version of which was passed by the House in May, after some considerable back and forth between the Senate and the House. The bill is HR 3221 (pdf), titled: “Housing and Economic Recovery Act of 2008″.
The entire bill is over 600 pages long. The table of contents is 7 pages. And technically, this is a bill that began its life over a year ago. Sponsored by none other than Nancy Pelosi. And apparently Bush is planning to sign.
He should not.
Touted by most of the media is the section that provides up to a $7,500 tax credit is 1,800 words. And the media manage to mention it …
In Friday’s Wall Street Journal, Kimberly Strassel takes a careful look at the events around the Obama campaign and provides a keen analysis of his comments, actions, and the attempts by his campaign and supporters to shore up his mistakes.
It’s apparent that BO is in need of help along the way. But does he want that help?
The Illinois Senator has carried out a campaign where much of the important content, including clear readings of his positions and intentions as President, have been largely overlooked in the midst of controversy after controversy, including reviews of questionable friendships and meaningless bickering with Senator Clinton about anything they can think of. It is incredibly amazing that both their campaigns sank so low as to make race …