Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 12.19.2009.
Tag: government_meddling
Spending our way out of a spending-induced problem. Huh?
Barack Obama yesterday: President Barack Obama outlined major new government stimulus and jobs proposals on Tuesday, saying the nation must continue to “spend our way out of this recession.” Without giving a price tag, Obama proposed a package of new spending for highway, bridge and other infrastructure projects, deeper tax breaks for small businesses and…
Visualizing the Tax Credit Sales Boost
I’ve been trying to come up with the best way of visualizing just how effective the inefficient, expensive, and economically stupid $8,000 tax credit has been at boosting home sales in the Seattle area, and I think I’ve finally come up with something really good. To generate the chart below, I took all the single-family…
Extension to Fraud-Laced $8k Homebuyer Tax Credit to Piggy-Back on Unemployment Bill?
Here’s a pair of somewhat conflicting stories about the push to extend and expand the inefficient, expensive, economically stupid $8,000 first-time homebuyer tax credit. From the real estate news source Inman News: Final push for tax credit Real estate industry trade groups are mounting a final push for an extension of the first-time homebuyer tax…
Estimating the Local Effects and Aftermath of the $8,000 Tax Credit
Organizations like the National Ass. of Realtors and the National Ass. of Home Builders have been throwing around estimates of how many sales have been “stimulated” by the $8,000 tax credit nationwide, and a recent editorial by Washington State Treasurer James McIntire in favor of the inefficient, expensive, and economically stupid program throws out a…