Sunday, April 4, 2010

Zillion Dollar Government "Stimulus" for Housing: Over

This should come as no surprise. The attempt by the government to reignite the housing sector by pouring gasoline (zillions of dollars) on the embers, worked...for a short time. Now it appears to be over. One would think that the government solution of pointing the money gun at a problem and putting it on full auto would be abandoned after it is proven worthless. Alas, this appears not to be the case. The Keynesians simply call for more money.

One we merrily go, limping down the Road to Serfdom.

2 comments:

juniorj said...

this is affecting my and katie's house search as well. Don't forget that important fact.

Murf said...

Hahahahaha! Rats! I missed the most important thing. You are totally right. It IS effecting your house search. Without the government propping up the housing market, you probably would have found a great deal by now.