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Stimulus, Fannie & Freddie, and the Regulation Roundup

Daily Update

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Stimulus, Fannie & Freddie, and the Regulation Roundup

Today in the News

Stimulus

Instead of funding the building of new infrastructure---which would have created jobs---Obama's original stimulus package went largely to social services.

Senior Counsel Hans Bader explains why.

"A logical place to have financed road and bridge repairs would have been Obama’s $800 billion stimulus package. But the stimulus package was purged of most investments in roads and bridges, and filled instead with welfare and social spending, out of political correctness, after feminist leaders complained that building and repairing roads and bridges would put unemployed blue-collar men to work, rather than women."

 

Fannie & Freddie

The Federal Housing Finance Agency is pushing a lawsuit against banks that irresponsibly issued mortgages.

Director of the Center for Investors and Entrepreneurs John Berlau explains what's really happening.

"Essentially, Fannie and Freddie are suing the banks for selling them the very loans the GSEs helped designed and that government mandates encourage — and are still encouraging them to make. These conflicted actions are just one more of the government’s contributions to the uncertainty that is helping to keep unemployment at 9 percent."

 

Regulation Roundup

Read Ryan Young's latest "Regulation Roundup" here.