By Art Smith. Posted Thursday, May 8, 2008 at 11:45 pm Filed Under: Banks, Economy, FairTax, Housing, IRS, Mortgages, TAXES, US Congress
Not so much because tinkering with the economy on a regular basis is messy as much as having Congress doing the tinkering is just dangerous. Remembering that the Prime Directive of nearly every member of Congress is “Do nothing that interfere with my re-election”, and the corollary is “Take care of my deep pocket [...]
In Friday’s New York Times, there was an article about McCain’s new proposal to help homeowners who are in that borderline group of people that were impacted by the recent rate resets and yet are legitimately able to pay a fixed rate mortgage.
The Times characterized this as a “shift” and “pivot”, which is probably fair [...]
But Senator Tom Harkin (D-Iowa) thinks it can. Living in Iowa, we occasionally receive a nice email from the Senator letting us know how he is scr- uh, helping us with his work. Here’s his latest missive, arriving just this afternoon…
Dear Friends,
Many working families are being saddled with higher costs at the grocery [...]