All Posts Tagged With: "Housing"

POTUS Election 2008: Hillary Clinton on Strengthening The Middle Class – Part 2

POTUS Election 2008
Examining The Issues
This is a special series written by the staff of The Conservative Reader. We will examine each of the candidates’ positions on issues they have deemed relevant enough to post on their web sites.

Today we will examine Clinton’s plan of action for American workers. If you have not read Part 1, we suggest you do so.

This week, the Chicago Sun-Times published a story regarding a recent study by the Pew Research Center.  Part of the analysis of the research concluded:

… the majority of the middle class feel they either haven’t moved forward or have fallen backward in their lives in the last five years — the worst showing of short-term personal progress in nearly 50


POTUS Election 2008: Hillary Clinton on Strengthening The Middle Class – Part 1

POTUS Election 2008
Examining The Issues
This is a special series written by the staff of The Conservative Reader. We will examine each of the candidates’ positions on issues they have deemed relevant enough to post on their web sites.

Today we start our review of the 3 remaining candidates for President. The structure of this series will be based on the candidates’ own stated positions on issues from their web sites.

We’ll start with one of the issues on Hillary Clinton’s site: Strengthening The Middle Class.

Hillary’s site essentially abbreviates the more substantive plan called the Economic Blueprint for Rebuilding the Middle Class. Amazingly enough, the abbreviated content includes 5 specific points from the “Blueprint”, 2 of which lack any substance at …


The Economy and the Current “Credit Crisis”

I was reading Mr. Smith’s blog below and my blood began to boil.  I must be on the wrong email lists, because I’m not a proud recipient of Senator Harkin’s email.  Please do not sign me up.

What made my blood boil was the notion that there are innocent victims in the curreng housing mess–that “predatory lenders” are to blame for the entire thing.  So I started to think like one of the “victims” did when they originally purchased a home.  Since most of the issues are related to “Alt-A” mortgages, not true “sub-prime”, it’s important to define the differences.

Sub-prime typically refers to credit applicants with impaired (“bad”) credit histories.  Alt-A typically refers to the following:  no-doc or low-doc mortgages; interest only; 100% financing …


The Senate Cannot Fix The Economy

But Senator Tom Harkin (D-Iowa) thinks it can. Living in Iowa, we occasionally receive a nice email from the Senator letting us know how he is scr- uh, helping us with his work. Here’s his latest missive, arriving just this afternoon…

Dear Friends,
Many working families are being saddled with higher costs at the grocery store and the gas pump at a time when incomes remain stagnant. People across our state are starting to have real anxiety caused by the steady drumbeat of bad news about the state of our economy, especially in the housing sector.

More than 11,000 Iowans are expected to have their home foreclosed this year. And when that “Foreclosure – For Sale” sign goes up, it can create a domino effect


Everyone Deserves To Own A House, Right?

Well, Hillary appears to be attempting to make EVERYONE happy.

More government money to rescue folks who simply bought more house than they could afford. According to a Wall Street Journal story Tuesday, Hillary proposes:

  • Freezing Forclosures for 90 days
  • Freezing Interest-rate Resets on Sub-primes for 5 years
  • Establish a $30 billion fund so states and cities can buy foreclosed properties
  • Expand the Mortgage Revenue Bond Program (provides below market interest rates for first-time home buyers) by $10 billion

Thanks so much. I’ve heard a number of people call this, appropriately, “cost-shifting”. That means one group of people (those of us who are careful to buy what we can afford) are going to take

Capitalism and open market disciplines cannot support a class of people

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