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Government Stimulus Doesn't Work in Housing Either.

Remember when the government subsidies for buying new cars ended and car sales tanked? Looks like we’re seeing the same thing in the housing market. It shouldn’t be surprising that Mortgage Purchase Applications Plummet As Tax Cuts Expire because when you subsidize an activity, you get more of it. When you take [...]

The problem with Obama’s American Recovery and Reinvestment Plan.

I found it ironic that the 2008 elections were the longest in history, and gave us a president we know less about than perhaps any other in history. Not surprisingly, we don’t know much about Obama’s economic stimulus plan, or the American Recovery and Reinvestment Plan as it is named.

I was curious what exactly he [...]