Obama Says "Live Rent Free in America"

Obama calls for 90-day moratorium on foreclosures

Democratic Barack Obama on Monday called for more immediate steps to heal the nation's ailing economy, proposing a 90-day moratorium on home foreclosures at some banks and a two-year tax break for businesses that create new jobs.

In case you were wondering if Obama has socialist tendencies, now you know. And, in case you do not know, all this will do is prolong and exacerbate the problems in the economy. The faster we let the market work through these problems the faster we will get to the bottom and begin our rebound. But, if you are politician, the worse the economy the more the fearful will look to you.

Freedom is not easy and painless, which must be why so many lazy, idiots abhor the idea.

posted at 14:18:49 on 10/13/08 by clearpolitics - Category: Economics - [Permalink]

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