How ‘Bout I Just Lump ALL Today’s “Unexpected/Bad News”
…into one post and save us some time, okey doke?
The number of people filing new claims for unemployment insurance unexpectedly rose in the
latest week to its highest level in close to six months, a fresh signal of a weak jobs market.
Banks repossessed the second highest monthly number of homes ever last month, working through distressed loans already on their books rather than sharply stepping up new default notices, real estate data company RealtyTrac said on Thursday.
Most Americans would go along with temporarily extending the Bush tax cuts for all taxpayers, including the wealthy, until the economy recovers, a new NBC News/Wall Street Journal survey has found.
(Well, that’s bad news for Democrats.)
And in the “Bad News for Taxpayers” category:
The Obama administration is providing $3 billion to unemployed homeowners facing foreclosure in the nation’s toughest job markets.
The Treasury Department says it will send $2 billion to 17 states that have unemployment rates higher than the national average for a year. They will use the money for programs to aid unemployed homeowners. Some of those states have already designed such programs.
Another $1 billion will go to a new program being run by the Department of Housing and Urban Development.
It will provide homeowners with emergency zero-interest rate loans of up to $50,000 for up to two years.
Let me get this straight.
The GOVERNMENT. Is going. Into the ADJUSTABLE RATE MORTGAGE/PAYDAY LOAN sharking business, run by HOUSING AND URBAN DEVELOPMENT ~ W.T.F.?!?!?!?
At FIFTY GRAND a POP, no less, on OUR dime?!?!?
(Isn’t it enough we bought those F*CKING WORTHLESS CAR COMPANIES?)
What the frickety frack is gonna be the criteria for THIS pile o’ cash? What COULD be? Let’s say a fair number of the well heeled citizens who take generally take advantage of any of HUD’s programs glom on to this tasty morsel. Or let’s say it’s someone who’s NOT a HUD regular ~ someone down on their luck ~ someone who’s been hit hard by Obamanomics. They bite on this. Get that big fat check.
They pay FIFTY GRAND BACK in TWO YEARS…HOW?
I picked a bad four years to quit drinking.
Biz, Life, Nanny State, People, Politics | tree hugging sister | 
August 12, 2010 9:20 am
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I sure as hell ain’t quitting drinking.
They pay FIFTY GRAND BACK in TWO YEARS…HOW?
Short answer… they don’t. This isn’t a loan, it’s a grant. It’s designed to be so.
Just so, ‘fly. This is the modern equivalent of bread and circuses.
Well, it sure beats waiting on BP to pay me off.
I’m with Bingley.
Just a grant! C’mon. Next you’ll be telling me that they are not serious about actually taking that 12 billion out of the 2014 food stamp allocation. Just how gullible do you think I am anyway?
Sure looks like working hard, deferring gratification and playing by the rules is strictly for chumps.
“Sure looks like working hard, deferring gratification and playing by the rules is strictly for chumps.”
Seconded.
Hi, I’m Dave E. and it appears that I’ve spent my entire life as a chump.
As far as the Democrats are concerned you have.
When the collapse comes and the money runs out, all the people dependent on the government are going to suddenly be in free fall, without any support. Social Security, Medicare, grants, you name it, the support will be gone. That is the predictable result of the Democrats’ policies.
Well, of course you realize Michael that their plans will fail only because they didn’t spend enough.