Comments for Obama Deserves Blame, not Credit for the First-Time Homebuyers Tax Credit at http://www.cepr.net , comment 1 to 5 out of 5 comments http://www.cepr.net Thu, 23 May 2013 22:27:19 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/obama-deserves-blame-not-credit-for-the-first-time-homebuyers-tax-credit#comment-19225 Hopefully the first-time buyers brought into the market by the program were not flippers expecting to cash out in a year or two on price gains, so a temporary paper loss would not be important to them. They got a tax credit immediately, which was what was supposed to stimulate the economy - immediately. As Paul says, waiting for all markets to hit bottom before applying stimulus would not really be good Keynesian economics. - skeptonomist Mon, 01 Oct 2012 05:58:27 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/obama-deserves-blame-not-credit-for-the-first-time-homebuyers-tax-credit#comment-19219 "The credit was not going to maintain house prices at a permanently inflated level unless the government was prepared to go the route of a house price support program." So the federal government never had a "house price support program" before? Really? What exactly are Fannie and Freddie, not to mention the FHA? What exactly is the home mortgage interest deduction for federal income taxes or the deduction for local real estate taxes? God forbid that the federal government should have a "house price support program" because that would just be dirty Keynesian economics!!! You know, trying to increase the propensity to consume in a recession when the true path for all conservative economists is to let prices "hit the bottom" as Romney said. - Paul Mon, 01 Oct 2012 04:09:16 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/obama-deserves-blame-not-credit-for-the-first-time-homebuyers-tax-credit#comment-19209 This chart proves that Zandi is either an idiot, or the next Fed Chairman. [url]https://twitter.com/Lee_Adler/status/252465876220137472/photo/1/large[/url] [img]https://pbs.twimg.com/media/A4DwYHZCUAI-n6O.png:large[/img] - Lee Adler Sun, 30 Sep 2012 08:00:03 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/obama-deserves-blame-not-credit-for-the-first-time-homebuyers-tax-credit#comment-19204 Honestly, any rube (i.e. me) could have seen this was bad policy. - Kat Sun, 30 Sep 2012 04:48:33 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/obama-deserves-blame-not-credit-for-the-first-time-homebuyers-tax-credit#comment-19200 amen! obamas policys suck,and only help his cronies, the big banksters! - david j michel jr Sat, 29 Sep 2012 16:25:46 +0100