So just how long are we to give Obama a chance?

[ILOVEDNY]

Big government spending programs having opposite desired effect...
http://apnews.myway.com/article/20090606/D98L67500.html

By RACHEL BECK
NEW YORK (AP) - The Federal Reserve announced a $1.2 trillion plan three months ago designed to push down mortgage rates and breathe life into the housing market.

But this and other big government spending programs are turning out to have the opposite effect. Rates for mortgages and U.S. Treasury debt are now marching higher as nervous bond investors fret about a resurgence of inflation.

That's the Catch-22 threatening to make an awful housing market potentially worse and keep the economy stuck in a funk. Kick-starting the economy requires higher spending, but rising rates mean fewer Americans will be able to refinance their home loans. And some potential buyers will be shut out of the market by higher monthly payments they won't be able to afford.

[Dougles]

Big government spending programs having opposite desired effect...
http://apnews.myway.com/article/20090606/D98L67500.html

By RACHEL BECK
NEW YORK (AP) - The Federal Reserve announced a $1.2 trillion plan three months ago designed to push down mortgage rates and breathe life into the housing market.

But this and other big government spending programs are turning out to have the opposite effect. Rates for mortgages and U.S. Treasury debt are now marching higher as nervous bond investors fret about a resurgence of inflation.

That's the Catch-22 threatening to make an awful housing market potentially worse and keep the economy stuck in a funk. Kick-starting the economy requires higher spending, but rising rates mean fewer Americans will be able to refinance their home loans. And some potential buyers will be shut out of the market by higher monthly payments they won't be able to afford. And this stopped people before??

Ironically, the rates are back on a clime, almost .5% over the last few weeks. You know why? INFLATION. they lent out all this money to keep rates low, but Inflation surpassed it! I'm glad we ahve smart people running this nation!

Unfortunatly, all the liberals out there STILL haven't learned formt heir stupid laws from 30's ago and will allow this to repeat itself, REPEAL THE CRA!!!