President Obama has issued his new housing plan that would require homeowners to show proof of income and financial need before they become eligible to have their mortgage modified. The plan might have some trouble doing what is advertised due to the strict restrictions. The modifications are essentially the same thing that the banks were doing that caused the mortgage meltdown to begin with. The other part of the Obama housing plan, the so-called "cramdown" bill, will be voted on tomorrow in the House.
Treasury Secretary and tax cheat Timothy Geithner calls Obama's budget "remarkably fiscally responsible," even though it is more liberal than the one proposed by Maxine Waters and the Democrat "progressive" caucus last year. He also lied about the big-spending ways of the Bush Administration. Republicans criticized the Obama Administration of cooking the books in making their budget, and even Democrats are balking at some of the tax provisions of the Obama budget.
With a few banks failing across the country, the FDIC says that the insurance fund could be out of money by the end of the year. In response to that, the FDIC has imposed a fee on banks. Does anybody else see the problems with this?
The next bailout might be of government pension plans. The bailouts have already failed to do what they were supposed to do, so why do we keep doing it?
The California Air Resources Board has determined that oil-based fuels have smaller carbon footprints than ethanol or other biofuels.
Half of the hospitals in the country are losing money. They need paying customers.
Senator Max Baucus (D-MT), who is hell-bent on socializing medicine, wants to start taxing workers on their employer-based health insurance programs.
Democrats pulled the DC Voting Rights Act from consideration in the House because the Blue Dogs would have opposed it since pulling the 2nd Amendment rights from the bill.
The federal "stimulus" money will make up for most of Georgia's budget shortfall, and Governor Perdue will accept all of the money including the unemployment money. Business owners, your state unemployment taxes are going to rise in a few years.
Peach County's school board unwittingly showed what would be the benefit of the school vouchers bill this week.
One of the state legislators who have not paid their taxes is Senate Minority Leader Robert Brown (D-Macon). Senator Eric Johnson has introduced a new ethics bill in response to the non-payers.
The state Senate passed the bill requiring proof of citizenship to register to vote.
The Senate Regulated Industries and Utilities Committee is supposed to vote on the Sunday sales bill at 4:00 this afternoon. Maybe they'll man up and actually have the vote. At least one member of the committee has received drunk dials encouraging him to support the bill.
The state House overwhelmingly passed their version of the T-SPLOST yesterday, setting up a battle with the Senate. I still don't see a way to reconcile the two bills.
If you want a way to pay homage to President Obama in your home, try these Obama votive candles.
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