Mrcauser’s Weblog

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More welfare for the middle class will save us…..

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Yea, what ever.
After a few years the governments going to have everyone “working” for them or at least getting a check, and I can’t help wondering how long that can last. Just the idea that milions of people have been drawing unemployment checks and living in their government guaranteed mortgaged houses tells us  that it’s planned.

Think the politicians want you scared and dependent on their” rescue plans”?

Congress fears risk of economic relapse – Washington Times

Fear that the economy might fall back into recession is compelling Congress to extend unemployment benefits and incentives for homebuying that lawmakers hope will help sustain growth.

The threat of a relapse in housing has prompted Senate leaders to start negotiating an extension of the first-time homebuyers’ tax credit, now set to expire Nov. 30. They hope to attach the measure to legislation extending soon-to-expire unemployment benefits and then pass both by the end of the week.

Economists are telling lawmakers that, with unemployment approaching 10 percent, an extension of benefits for the long-term unemployed would help prevent a collapse in consumer spending. In addition, the housing market is seen as a key ingredient of the economic revival.

“Unemployment and housing conditions could face further deterioration” without further actions by Congress, said Frank Lee, an economic analyst with CreditSights Inc.

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Written by mrcauser

October 29, 2009 at 8:20 pm

Posted in Uncategorized

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