All Posts Tagged With: "Bush"
9/11 — How We’ve Changed In A Decade
Has it been ten years already? Much has changed since the terrorist destruction of the Twin Towers, an awful event which has produced awful consequences. If the attack was designed to reduce the US presence in Muslim states it surely back-fired. A decade later the US continues to have massive military forces in Iraq and [...]
11Sep2011 | Peter G. Miller | 1 comment | Continued
Pawlenty Proposal: Worst American Tax Plan Ever
There’s finally a serious Republican tax proposal on the table, and it’s a plan which deserves consideration. The Nation, of course, now has a massive budget deficit. Not since four straight years of surplus under Bill Clinton has the government broken even much less had a few spare dollars. Under President George W. Bush the [...]
13Jun2011 | Peter G. Miller | 0 comments | Continued
100 to 1 — Obama Mortgage Modification Plan Tops Bush
Just about every posting regarding the Obama mortgage modification program says it’s a dud. Those on the left say not enough has been done, those on the right say too many homeowners are washing out of the program. What’s too often left out is any sense of context. The reality is that the Obama loan [...]
26Aug2010 | Peter G. Miller | 1 comment | Continued
Bring Back The First-Time Homebuyer Tax Credit
The news from the National Association of Realtors is fairly brutal and speaks for itself: “Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, dropped 27.2 percent to a seasonally adjusted annual rate of 3.83 million units in July from a downwardly revised 5.26 million in June, and are 25.5 percent [...]
25Aug2010 | Peter G. Miller | 2 comments | Continued
Has The Obama Mortgage Modification Program Failed?
The Washington Independent — which tells us that it offers “national news in context” says that: “President Obama’s mortgage modification program, known as the Home Affordable Modification Program or HAMP, was supposed to be the fulfillment of Obama’s promise to take care of Main Street more than Wall Street. Yet, just over a year into [...]
25Mar2010 | Peter G. Miller | 0 comments | Continued
How Foreclosures, Bankruptcies & Healthcare Are Tied Together
Last week we wrote about bankruptcies and the reality that 2009 was a banner year for financial failure — 1.5 million bankruptcies, up 32 percent from 2008. Interestingly enough, as provisions of the newly-minted Patient Protection and Affordable Care Act go into effect we are likely to see both fewer bankruptcies and fewer foreclosures. Why? [...]
22Mar2010 | Peter G. Miller | 0 comments | Continued
Mortgage Modifications: Bush Versus Obama
It’s beginning to look like the government’s efforts to modify troubled home loans is beginning to pay off. As of the end of February more than 170,000 borrowers had obtained permanent mortgage modifications while more than 1 million more under the Making Home Affordable program are involved in trial modifications that could result in better [...]
15Mar2010 | Peter G. Miller | 0 comments | Continued
Should We Dump Real Estate Investors?
When it comes to bailing out giant banks, huge companies and massive stock brokerages there’s no shortage of government interest and activity. After all, it’s in our national interest to protect investors — unless, of course, they’re folks who merely bought a house or two. The investor double standard is hardly hidden. It appears everywhere [...]
30Nov2009 | Peter G. Miller | 0 comments | Continued
Minority Mortgage Housing Goals — What’s The Truth?
I was at a dinner event in Washington recently and the speaker told the assembled rich and powerful that President Clinton had weakened the lending system by increasing minority financing goals to more than 50 percent. The implication was that a big part of the current mortgage meltdown is a by-product of federal efforts expand [...]
15Jun2009 | Peter G. Miller | 0 comments | Continued
500,000+ Grab First-Time Homebuyer Credit
More than 500,000 buyers have used the first-time homebuyer credit to purchase a home. Amazingly enough, more than 38,000 buyers have already claimed the write-off but do not qualify. Why? In most cases because they owned a home during the past three years. Figures from the Treasury Inspector General for Tax Administration show that a [...]
24Apr2009 | Peter G. Miller | 1 comment | Continued
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