Why Is Congress Risking Billions to Save Nothing?
This week the House is set to pass legislation to help homeowners who spent too much on their homes avoid foreclosure. From the beginning, the… Read More
This week the House is set to pass legislation to help homeowners who spent too much on their homes avoid foreclosure. From the beginning, the… Read More
The New York Times had a disturbing story today on one element of the housing bailout plan Rep. Barney Frank (D-MA) plans to have on… Read More
Visiting Heritage scholar Wendell Cox has a new paper out titled “How Smart Growth Exacerbated the International Financial Crisis” in which he praises New York… Read More
Pittsburgh Tribune-Review’s Bill Steigerwald posted a great Q&A interaction with Heritage housing expert Ron Utt this weekend. Excerpts include: Q: Is this subprime mortgage lending… Read More
Losses are mounting. The situation shows no sign of getting better. It’s clear that U.S. government intervention has made the problem only worse. The economy… Read More
“So you bought an overpriced house or cashed out your home equity like an ATM? Here’s an idea: Take responsibility for your actions!” That’s the… Read More
“ObamaNation” was apoplectic over ABC News’ decision to question Barack Obama over his associations with a Louis Farrakhan-sympathetic preacher and a college professor up from… Read More
USA Today’s take on the mortgage mess posed a crucial question: “Should taxpayers in Vermont be asked to bail out home buyers in Nevada?” The… Read More
Yesterday we detailed why Barack Obama’s high-tax/high-spending plan to grow the economy was doomed to fail. On the spending side we highlighted that Obama promises… Read More
As Congress mulls what it can do to untangle the housing mess, it should take care to limit its largesse to helping only those people… Read More
The New York Times is shocked – SHOCKED – to learn the Senate’s legislative remedy for the mortgage mess offers surprisingly little relief for folks… Read More
John McCain continues to explain his economic philosophy and round out his program, and the picture he draws of a serious tax-cutting fiscal conservative contrasts… Read More
President Bush and some members of Congress want to dub the Federal Housing Administration as the White Knight who will rescue America from the mortgage… Read More
When Congress passed its economic “stimulus” package this February, lawmakers tried to make it look like the plan would help lower-income Americans while not benefiting… Read More
Two-time former Estonia Prime Minister Mart Laar visited The Heritage Foundation today, extolling the benefits the flat tax brought to his country. First passed in… Read More
Federal Deposit Insurance Corp. chair Sheila Bair gave a curious interview to US News & World Report this week. While Democrats in the House are… Read More
The early narrative of the housing market collapse featured all the usual suspects: sleazy mortgage bankers, shadowy lenders and pushy Wall Street brokers – all… Read More
Polling shows that while 61% Americans oppose bail outs for Wall Street investment companies, 56% support “the federal government taking steps to help prevent people… Read More
Pricewaterhouse Coopers and the World Bank Group released their 2008 “Paying Taxes” publication earlier this week. The study compares tax regimes from around the world… Read More
Building on news that the bipartisan consensus behind the Senate’s “Foreclosure Enhancement Act” is beginning “to crumble,” the White House sent a letter to Speaker… Read More
Yesterday House Republican leaders issued a joint statement outlining “Principles for Bipartisan Housing Legislation.” Many of the principles are sound in theory, but could also… Read More
The Heritage Foundation has been raising doubts about the Senate’s efforts to “do something” on the housing crisis for weeks now. With a vote scheduled… Read More
Considering how quickly the Senate is moving on a housing bailout bill (cloture scheduled for 2:15 Tuesday), it is surprising how universally unpopular some of… Read More
In today’s Wall Street Journal, Kimberly Strassel details what exactly the labor movement is expecting from Democrats in return for their nearly $1 billion in… Read More
With rumors swirling that President Bush will submit the Colombia Free Trade deal to Congress Tuesday, Presdient Alvaro Uribe sat for interview with the Wall… Read More
CQ reports that the Senate is debating “a contentious bankruptcy amendment” to the broad housing bill now under consideration. The amendment sponsored by Sen. Dick… Read More
The Wall Street Journal editorial page looks at recent liberal efforts to attack conservative economic policy as a Herbert Hoover “Let the economy sink” approach… Read More
The pressure on Congress to “do something” on housing appears so great that many members normally inclined to keep Congress out of the housing market,… Read More
Explaining new Republican support for congressional action on housing, Sen. John Thune (R-SD) admitted to Politico: “You always want to be able to vote for… Read More
The agreement reached by the Leadership in the Senate to bring housing legislation to the floor is both good news and bad. It is good… Read More
