Beck Rally in DC

New Orleans One of the little known trivia questions about New Orleans over the last 20 years would be what newspaper in the country developed more Pulitzer Prize winning editorial cartoonists?  The Times-Picayune would be right at the top of that list and Mike Luckovich now laboring for the Atlanta Journal-Constitution is consistently one of the best of the best.

His cartoon about the near farcical Beckaton in front of the Lincoln Memorial along the reflecting pool says it all for me right down to the nonsensical right arm:  “ACORN = nuts = insane” though “mosque + cow = Moscow” is pretty much a classic.

When dealing with a clown, a cartoon just seems to say it best!

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Bring Back 1st Time Tax Credit

Looking for a houseNew Orleans Shaun Donovan at HUD is clearly having problems getting his arms around the fact that America is not New York, the evidence starting with the horrible failure of the mortgage modification program or rather the lack of a mortgage modification program.  Now throwing more words at the housing crises this weekend in pronouncements he reheated the money transfer scheme to the states for unemployed borrowers, postponing rather than solving problems, and talked about something with the Federal Housing Authority (FHA) about refinancing, details unknown.

I’m going to sign up for bringing back support for the 1st time home buyers program that ended in April even though it is a tax credit of $8000 rather than direct support at the point of sale, which would really get the sales charts soaring in the dead-in-the-water real estate market.  So far other than bailout and boost up banks, the Administration hasn’t had much success with anything else in the housing field and fall is usually not the hot season for sales in that industry with winter’s bite not far away in many markets.

Continue reading “Bring Back 1st Time Tax Credit”

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