Saturday, January 24, 2009

More Talk, Less Action

"Housing starts plunge 16% in December; Record low seen handcuffing US economic growth" by Bloomberg News | January 23, 2009

WASHINGTON - US builders broke ground on a record-low number of houses in December, signaling the real estate slump will keep hurting economic growth.... Obama's National Economic Council director, Lawrence Summers, last week said the president intends to use between $50 billion and $100 billion of the remaining half of the $700 billion bank bailout fund enacted last year to address the foreclosure crisis.

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You know, they keep SAYING THAT but nothing is DONE! How come banks only had to wait less than a week for their taxpayer-funded windfall, Amurkans, while you have waited months?

How much you wanna bet there will be no more TARP funds for you?