From Drudge:Obama Jackpot giveaway in Vegas:
$1,500,000,000 Housing Help. read.
Hotair
Obama: On second thought, I love Vegas.
Interest rates go up as Congress keeps spending. And as rates go up, property values fall.
OBAMA VISIT: Air tour operators must stay grounded: ##
More loss for Vegas... Obama shuts down heli and airplane tours, loosing companies $500,000 to $750,000 in business because of the 30-mile radius no-fly zone imposed on them by the FAA’s airspace restrictions... Read.
All to give a speech to the Las Vegas Chamber of Commerce and the Las Vegas Convention and Visitors Authority to discuss his efforts to boost the sagging economy...
A stark reminder as to why we have state economies; and limited Federal Government...(Video Ht: gateway) But who can remember all that, right?
Today's Links...
The 'Stimulus' Actually Raised Unemployment ##
The issue of "fiscal stimulus" must not be confused with TARP or with the Federal Reserve slashing interest rates and pumping up bank reserves.
One might argue that those Treasury and Fed programs helped prevent a hypothetical depression, but it's impossible to make that argument about American Recovery and Reinvestment Act (ARRA) Read.
The Left media calls it a "policy wrinkle"... read.
But we (mortgage holders) have been outlining (for OVER a year) non-bailout ways to enable private sector to re-collateralize safe leverage; to balance and recapitalize our mortgage industry...
In my view... The Democrat's misapplied stimulus has led to a more lengthy recession; and their use of Freddie & Fannie groups, have led us to mass property devalues...
Had they listened to the GOP, they could have been on track toward stable equity in home, 401K, and IRA; and new buyers closer toward a 20% Mortgage Collateralization...
