Posts Tagged ‘economic stimulus’

Stuff Ex-Homeowners Can Buy for $2,000

Stuff Ex-Homeowners Can Buy for $2,000

The monetary terms aspect of the mortgage settlement agreement is completely worthless to everyone. Three billion to provide refinancing for underwater mortgages? If that was executed perfectly, it MIGHT refinance 15,000 homes nationwide. Why even bother doing... (Continue reading)

Consumer Spending Up? Come on get happy…

Consumer Spending Up?  Come on get happy...

The bottom-line… much of what the government is reporting is nothing more than a mirage, with the rest either easily explained or not indicative of a growing economy, but rather a shrinking one. ... (Continue reading)

What Obama Should Have Done – Ezra Klein, Part 2

What Obama Should Have Done – Ezra Klein, Part 2

I mean, here we had our “smart” president, and the first thing he does upon taking the reins of a nation in real economic peril, is throw together a spending bill whose numbers were pulled directly from the hindquarters of... (Continue reading)

CA’s Democrats in Congress Wake Up to Need to Address Foreclosures

CA's Democrats in Congress Wake Up to Need to Address Foreclosures

Apparently, this past week, the sound of the economy’s ship going down must have awoken the majority of House Democrats from California who then just jumped all over the Obama Administration for “failing to deliver on promises to curb foreclosures.”... (Continue reading)

Sen. Whitehouse Questions Expose a Kinder, Gentler and possibly more Frightened Tim Geithner

Sen. Whitehouse Questions Expose a Kinder, Gentler and possibly more Frightened Tim Geithner

They've finally realized it... do you think? They thought other things would have happened by now as a result of pumping trillions into banks and the economy overall... and they haven't. And housing is in a free fall,... (Continue reading)

The American Recovery and Reinvestment Act – Our Tax Dollars at Work

The American Recovery and Reinvestment Act – Our Tax Dollars at Work

How many homes could we have saved with $111 MILLION, Wendy? How many people could we have fed… or trained to be able to get a new job one day? We’re talking about $111 MILLION, damn it. ... (Continue reading)

Podcast: Mandelman in the Morning – Labor Day

Podcast: Mandelman in the Morning - Labor Day

1. Lehman Bros. CEO says bankruptcy wasn't Lehman's Fault. 2. Stimulus is folly. 3. Call it a depression. 4. Geithner's happy about HAMP. 5. Foreclosures breed foreclosures. 6. AZ's loan mod program won't work. ... (Continue reading)

Obama’s Speech Avoids Using the “N” Word…

Obama's Speech Avoids Using the

I realize that his speech the other night was intended to be more State-of-the-Union-like than a presentation of specific solutions, but I still came away feeling a bit like a Christian Scientist with appendicitis. America's banks are, in large part, insolvent.... (Continue reading)

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Mandelman a Guest on Short Sale Power Hour!

Mandelman a Guest on Short Sale Power Hour!

Actually, Kevin Kauffman and Fred Weaver are the two guys behind and in front of the camera on Short Sale Power Hour, an Internet video show that airs every day online, 5 days a week. They're smart and funny... (Continue reading)

MANDELMAN’S MONTHLY MUSELETTER – VERSION 8.0

MANDELMAN’S MONTHLY MUSELETTER - VERSION 8.0

This month in Mandelman's Monthly Museletter: 1. Oregon Woman Accuses Vice President Al Gore of Sexual Misconduct in 2006. 2. Fear Deflation, Pray for Inflation. 3. The latest from Nobel Prize Winning Economist, Paul Krugman. 4. HAMP's UP Program... (Continue reading)

I Guess Nobody Wants to Read Bad News: Fed Chair Ben Bernanke’s Testimony to Congress

I Guess Nobody Wants to Read Bad News: Fed Chair Ben Bernanke’s Testimony to Congress

People… we have to stop the foreclosures. They breed more foreclosures. They reduce spending and lower tax receipts. They cause increased unemployment. They cause more bonds to default. They make our banks insolvent. They... (Continue reading)

AP Reports: Government Overstated Jobs Created by Stimulus by Many Thousands

AP Reports: Government Overstated Jobs Created by Stimulus by Many Thousands

And I most definitely want the $28.3 million that the administration was about to piss away on a company offering to staff a call center with a handful of underachievers that will answer questions like: “How do I find the... (Continue reading)

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