Obama to Sign Bill Extending Homebuyer Credit, Jobless Benefits

Obama to Sign Bill Extending Homebuyer Credit, Jobless Benefits This is simply insane. You can expect that each of these government handouts cost the taxpayer about 4 times what the direct benefit is. In other words, $8,000 for a new home buyer costs the taxpayer $32,000. So for the additional $8,000 being put into the economy, $32,000 is being sucked out of it, a net loss of $24,000. Now Obama can do some accounting tricks to make it look good for awhile, but it's all going to catch up soon. This is what I mean that Obama and the Democrats are pushing us into another Great Depression. We would have been completely recovered by now if nothing at all was done. Instead, they are dragging out the already longest recession. Eventually the "double dip" that's coming will really wake people up. Wait until seniors go to deposit their Social Security checks and they bounce!