Is the Obama Mortgage and Economic Plan Successful? »
Posted By ChangeToday 7 months, 1 week ago in News
One of the most intriguing challenges that President Obama has to face is the task of getting the housing market in order. Home prices were extremely inflated during the second half of this decade. Now prices have fallen drastically and have yet to find a bottom. President Obama and his administration are trying to help find a bottom in the housing market by putting a ceiling on mortgage rates. Will this help the overall economy and the housing market?
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cowboygrandpa7 months, 1 week ago
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Steady employment with a stabilised housing market will work.
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We must start creating work for people again, and not minimum wage paying work. Honest work building something, manufacturing something, not a bunch of service jobs that are easily outsourced, or pay nothing and require little training or offer little incentive to stay.
We have become a nation of service providers who do not build or manufacture what we sell.
We must turn that around again.-
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nostalgia7 months, 1 week ago
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"We have become a nation of service providers who do not build or manufacture what we sell.
Reply
We must turn that around again."
Many of us realize that Cowboygrandpa but it seems our own govt does not
We are going to lose even more manufacturing
New pollution limits seen for cars, big plants
The government took a major step in that direction Friday, concluding that carbon dioxide and five other greenhouse gases "endanger public health and welfare" under federal clean air laws, that they help cause climate change, or global warming and pose an enormous threat "in both magnitude and probability."
It is the first time that the federal government has said it is ready to use the Clean Air Act to require power plants, cars and trucks to curtail their release of climate-changing pollution, especially carbon dioxide from the burning of fossil fuels.
The court case, brought by Massachusetts, focused only on emissions from automobiles. But it is widely assumed that if the EPA must regulate emissions from cars and trucks, it will have no choice but to control similar pollution from power plants and industrial sources.
The EPA wants to unleash a "regulatory barrage that will destroy jobs, raise energy prices for consumers, and undermine America's global competitiveness," complained Sen. James Inhofe, R-Okla., one of Congress' most vocal skeptics of global warming.
http://www.breitbart.com/article.php?id=D97KF29G3_...
There was a discussion on this last evening
It will impact libraries, schools, hospitals etc - not just businesses
One estimate - it will take 2-3 years additional time to build a new school because of the paperwork required to get EPA approval
This is going to be a huge drag on the economy and job creation
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nostalgia7 months, 1 week ago
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"President Obama and his administration are trying to help find a bottom in the housing market by putting a ceiling on mortgage rates"
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WHAT????? By trying to prop up the housing market, all they are doing is finding a rotting false bottom which will collapse eventually
What are they going to do when commercial real estate starts to plummet?
You can't keep the housing bubble even partially inflated and hope to correct the problem
The bubble needs to collapse completely before you can see an economic recovery that isn't built upon quicksand
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