"But for many consumers, plan offers modest benefits
"WASHINGTON - The House passed a sweeping housing bill yesterday that President Bush could sign as early as this week; it would ease some of the market's problems but provide only modest benefits for homebuyers or borrowers facing foreclosure.
While the bill was widely praised by real estate groups, doubts remained about how much impact it will have for consumers.
In a move to shore up mortgage finance companies Fannie Mae and Freddie Mac, the bill allows the government to buy stock in them and extends a line of credit to the companies."
That doesn't sound like a "FREE MARKET" to me; it carries the whiff of COMMUNISM to me!!!!
**RED ALERT** RAPE BY CONGRESS IMMINENT
Back to the shit sheets.
Here's what old Hank the Liar are relying on:
"Fed team uses ads, intuition to forecast"
Given your track record, and that of the govt you work for, Hank, I think it's safe to say you guys ain't no Nostradamus' down there.
Either that or you guys are LYING ALL the TIME!
"Crude oil futures fall almost $4 to settle at 7-week low
NEW YORK - Crude oil futures fell below $125 a barrel for the first time in seven weeks yesterday after a US government report showed fuel stockpiles increased as consumption tumbled to the lowest in more than a year.
So if DEMAND is DOWN, then the price at the pump?
No report to be found anywhere in my printed copy of the Boston Globe today.
And look who got a raise:
"Minimum wage for US rises to $6.55
The richest 20 percent in the country earn more than half of all income earned."
I'll bet they got an even bigger one!
Meanwhile, dig for that plastic, America:
"Overdue credit card bills show rise in June
NEW YORK - Overdue debts at the six largest US credit card lenders rose in June after falling the two previous months as the effects of tax rebates faded, data compiled by Bloomberg show.
Credit card defaults are increasing this year as rising unemployment and prices for food and fuel squeeze consumers."
Welcome to the U.S.' SHIT ECONOMY!!!
