I think this belongs right up there with ‘Hope for Homeowners’. Another giant boondooggel that will not do what it is intended to do, will hurt us in the long run, gives hope that is both misplaced and temporary, and will be very expensive. All it does do effectivly is give the elected leadership cover and really nice sound bites for the talking heads to coo over. Oh and good catch Coop, seems like they cant decided if it is $75B or $200B.
Id like someone to ask Obama how many future homeowners this will hurt. ‘Sure, this could help up to 9 million current homeowners (using GOV math), but how many future homeowners will now have to pay more for the same thing, lowering the future quality of life for our children?’
