It’s one of Barack Obama’s Stupid Minions™, HUD Secretary Shaun Donovan said on the Sunday talk shows that a renewal of the new home buyer tax credit might be coming back.
This is unbelievably stupid on a number of levels. First people who are considering buying homes will hold off, waiting for the tax credit, second, it’s really bad policy, that cost taxpayers something like $80K for each additional home sold.
Now there have been tepid denials from HUD, but this sort of crap should not be happening.
Great Googly Moogly.