"President Barack Obama is expected to announce plans Friday to provide an additional $1.5 billion to a state-assistance program for homeowners worst hit by the downturn in U.S. housing values."
The above quote is from today's WSJ online version. The article mainly highlights BO's trip to Vegas with Harry Reid to prop up Reid's desperate attempt to keep his welfare job in the Senate. But the sheer stupidity of the idea of giving more money to people who have already demonstrated an utter inability to manage or invest assets is what blows me away. Now if BO was giving away HIS OWN MONEY, it would be a totally different story. I'd say, bully for him, going around being a charitable guy. But he's giving away taxpayer money to a bunch of losers who should never have owned homes in the first place. This is BO's idea of "stimulus." Take taxpayer money which otherwise could have been invested in private sector jobs which will in turn generate tax revenue, and send it down a government sewer.
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