The Economy

This category contains 2 posts

A New New Deal?

Okay, so we’re in an economic quagmire. Also, by Obama’s own admission, we’re facing the prospect of trillion-dollar deficits for the forseeable future.
So the answer is to add 600,000 government jobs to the federal payroll? Some of these will be federal assumption of government employee wages for cash-strapped states. This is wrong […]

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Background on the bailout.

My super-awesome mother-in-law clued me in to this New York Times article from 1999:
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. . . Fannie Mae, the nation’s biggest […]

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