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Friday, January 1, 2010

Federal Government's Destruction Of Economy Continues With Destruction Of Housing Market.

http://www.latimes.com/business/la-fi-mortgage1-2010jan01,0,4536881.story
Rising mortgage rates will test housing market

The federal government spent $1.25 trillion to keep the mortgage interest rates from rising.

The mortgage interest rates have been rising for the last 4 weeks.

Do you detect a pattern yet.

The government creates a program to prevent something happening. They spend billions or trillions, and the thing they trying to prevent still happens anyway.

Or another way of looking at it is.

The government creates a program to manage something (mortgage interest rates, health care, ...). The government spends billions or trillions to support and encourage an expected result. The opposite happens.

Do you wonder why I sometimes (always) have bad things to say about the government?

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