Democrats and Republicans Agree to Keep Juicing the Housing Market

Wow, even the REPUBLICANS are too chickens**t to let it collapse!

Go Ahead keep using our money for people to buy homes that eventually will be foreclosed when they loose their jobs

They know the artificial recovery they are propping up will end if the tax credits end.

Buenos Días a todos ... Melia here. How'djall like that GDP number today, huh? Will this put an end to the dollar rally? .... These are the questions on our minds this morning at the open. Of course, we are seeing upward movement in metals and downward in bonds, as one would expect, plus the stock futures look "juiced" as well. Will it hold up? We ought to know in about one hour.

This artificial stimulus will boost the "Housing Rebound Spin" and look good for score keeping in figuring the GDP. Can we afford this Hocus Pocus?

Another funny money racket kept going at the expense of the American taxpayer. Incredibly unfair to those who aren't buying a house but have to subsidize this pork barrel project. How about a permanent middle class tax cut instead? This would have the same effect of boosting consumption of big ticket items like homes, cars, boats, major appliances, home improvements, etc. and would be fair to all.

What would GDP 3rd Quarter growth figures be if they were revised and excluded government items like Cash for Clunkers and the First Time Homebuyer Tax Credit? It may have been negative. If the tax credit is so great, why doesn't the government just buy a house for everyone? The key is what would this all cost the taxpayer. With all the higher taxes coming down the line, it will not make sense for anyone to start a business or even work anymore. Social programs make these things happen.

What's the difference whether Republican or Democrat? Remember, their primary objective is to get re-elected. Do you really believe either political party or any politician cares about you? The only time you see them or hear from them is when they want your vote.

Howdy taxpayers! Tanks for the free money to me. Me buy a new car and now me buy a new home. You gave me over $12,000.00. Tank you verdy much!

In a one-dimensional world of greed, corruption and power, there is only ONE side of the coin.

I agree with dano. Can we see those numbers with tax credit and clunkers removed? What's the real growth...

The GDP WOULD be flat to slightly negative if you removed the government incentives. There was some activity to improve inventories that would have caused manufacturing numbers to spike a little... but, if you look at future forward projections from key industrials, transportation and retail .... you could literally prove the same people tracking Stimulus jobs, prepared the GDP report. Well, so much for transparency, huh? But, let's keep voting for these people and let's keep threatening these people with tough talk on the blogs. Yeah, that'll show them we won't be pushed around anymore!!!!

yaaaa. the repression is over; were rich again. o happy day

You Can ...Keep On ..."JUICING IT".....All You Want....But In The LONG RUN......The Housing Market....Will CONTINUE....To Go.....DOWN, DOWN ,DOWN , DOWN ,DOWN ,...... To Pre...1980....Prices....Mark My Words....Save Your Moneys....

This country is going to hell in a hand basket. Not only is propping the housing market morally unfair to people who aren't interested in purchasing a home, it only delays the inevitable at a tremendous cost to future generations. The pols only care about keeping their seats in the short term. Hence the continuing effort to fix things in the short term. It's the same with Corporate America. When will they realize the folly of their ways and show some spine? What's good for NAR is not necessarily good for America. If they really can't help but throw money around, at least make it a fair distribution. Give us all a tax cut instead. It's just outrageous!

The title should read, "535 people agree to keep screwing the future of America". How ironic is it that people struggling to keep their homes are paying for the homes of first time buyers. 535 people, millionaires all, making decisions for 300 million plus. Must get lonely on top of that mountain.

ACORN which is really a political activist organization disguised as a non-profit, has benefited from your taxes for decades. They were the ones who pressured banks to lend to the poor (subprime) and are directly responsible for the housing collapse! The organization who favors Democrats, have been involved in voter fraud for years. However, how does our congress( many whom have benefited from this org. during elections) deal with this fraudulent org? They banned contributions for a few weeks - yes the ban funds for this org. will be lifted this weekend!

ACORN which is really a political activist organization disguised as a non-profit, has benefited from your taxes for decades. They were the ones who pressured banks to lend to the poor (subprime) and are directly responsible for the housing collapse! The organization who favors Democrats, have been involved in voter fraud for years. However, how does our congress( many whom have benefited from this org. during elections) deal with this fraudulent org? They banned contributions for a few weeks - yes the ban funds for this org. will be lifted this weekend!

what a complete farse... the shill game continuessssssss..

The makings of another artificially pumped up market. This is what causes the big boom and bust market swings. The market will always be the winner in the long run. People taking advantage of this stuff may find themselves in another upside down situation.