Doubling Down on the Stupid

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.

H/t Atrios.

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