December 16, 2011 | 8 comments
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December 15, 2011 | 0 comments
December 14, 2011 | 39 comments
December 14, 2011 | 4 comments
At the Atlantic, David Indiviglio argues that the plan Obama announced today for increasing the number of homeowners who refinance their mortgages could work better than the administration’s previous efforts.
Even if the plan works, however, the taxpayers will suffer greater losses on Fannie Mae and Freddie Mac.
In RealClearMarkets, Peter Morici writes that there’s a worst-case scenario that the administration isn’t talking about. By encouraging looser underwriting standards for government programs intended to increase mortgage refinances, the plan will generate all kinds of credit risk: “What the president is about to do won’t create another housing bubble-too many foreclosures are about to hit the market-but it is politically inspired and an economically irresponsible act that could easily result in many more foreclosures and another credit collapse down the road.”
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?
H/T to National Review Online