Archive for June, 2010
From NRO’s The Corner: Reps. Boehner and Cantor have signed two discharge petitions—one demanding a vote on Rep. Steve King’s legislation to repeal Obamacare (although it does not currently repeal the reconciliation “sidecar,” as it was introduced before the passage of that add-on), one demanding a vote on Rep. Wally Herger’s bill to repeal Obamacare [...]
The usually very smart Ambrose Evans-Pritchard notes that previous statements by Federal Reserve Chairman Ben Bernanke indicate that if, as is now expected, we are tipping back in to recession, we can expect massive money printing at the Fed to shore up the economy. Evans-Pritchard thinks this is a good idea: …The only plausible escape [...]
A bankrupt State, but the left still wants its abortion funding: When Governor Chris Christie ran for office last year, he campaigned on a pro-life platform and he is making good on his promise to advocate life. At present, he is skirmishing with Democrats in the state legislature over the millions in taxpayer funds the [...]
“Strategic default” happens when a borrower can make his mortgage payments, but chooses not to – he “walks away” from his house and allows the bank to foreclose. This must be strictly differentiated from those who default because of lost income. The issue has come to the fore of late because of the collapse of [...]
Bruce Krasting notes the very long time people are saying in homes already in foreclosure and make the following observations: My conclusions: (A) RE in Fl and NY is going to tank this fall. (B) Consumer demand for things from clothes, gadgets and leisure is going to suffer an out sized decline. (C) The extend [...]