By Art Smith. Posted Thursday, May 8, 2008 at 11:45 pm Filed Under: Banks, Economy, FairTax, Housing, IRS, Mortgages, TAXES, US Congress
Not so much because tinkering with the economy on a regular basis is messy as much as having Congress doing the tinkering is just dangerous. Remembering that the Prime Directive of nearly every member of Congress is “Do nothing that interfere with my re-election”, and the corollary is “Take care of my deep pocket [...]
By Art Smith. Posted Tuesday, Mar 25, 2008 at 11:15 pm Filed Under: 2008 Presidential Election, Banks, Barack Obama, Business, Democratic Party, Economy, Federal Reserve, Hillary Clinton, Markets, Mortgages, Recession
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 [...]
By Art Smith. Posted Thursday, Feb 7, 2008 at 5:30 pm Filed Under: Credit, Economy, George W. Bush, Iowa, Iowa Politics, TAXES, US Congress
The US Senate passed a stimulus package a short while ago. From the Wall Street Journal:
The Senate passed an economic rescue plan that would speed $600 to $1,200 in rebates to most taxpayers and $300 checks to low-income people, including disabled veterans and the elderly. The 81-16 vote capped more than a week of political [...]