Monday, June 9, 2008
The 50 Billion Dollar Bye
Today, our newly elected democratic candidate was in the news touting his new economic stimulus idea.  

The course to correct our woes?  Give away more money.

NPR reported that Obama is pushing for another 50 BILLION (with a B) to be given away in rebate checks to those most affected by the housing bust.  This is in addition to the $170 Billion from the first stimulus package.

Obama said the money should go to those who are feeling the most pressure from the housing crisis. 

Now bear with me and don't accuse me of being heartless and out-of-touch.  I think I'm going to say what most people are thinking:  Could it be that certain Americans are in a housing crisis simply because they bought more home than they could afford?  And if so, is that the problem of American tax-payers?

To quote Ed McMahon in an interview regarding his $6 Million  home that is in foreclosure: "If you spend more money than you make, you know what happens."

  posted at 8:29 PM  
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