From Dumb To Dumber: Obama Proposes Subprime Housing Bubble

It is not every day that I have to admit that I have over-estimated the intelligence of politicians, economists, and “journalists” (I should probably have also used quotation marks for the so-called economists). But today is such a day: The following appeared in the Washington Post, not the Onion (though maybe the Onion gave the Obama Administration the original idea): “President Obama’s economic advisers and outside experts say the nation’s much-celebrated housing rebound is leaving Read more […]

Yale Prof Exposes Greenspan-Bernanke, Bush-Obama “Housing Policy” Scam

Sometimes the best refutation is not to bother debunking the lie but simply tell the truth. I’m pretty shocked to find the truth, in this case, coming from a professor at Yale University. But Business Insider called it right: “Robert Shiller Destroys The Idea Of Investing In A Home.” “Robert Shiller, the Yale economist who nailed the housing bubble before it burst, was on Bloomberg Television with Trish Regan and Adam Johnson on Wednesday afternoon to discuss the U.S. housing market. As Read more […]