Thursday, June 10, 2010

O Governing Genius

clipped from

I GUESS THERE MUST STILL BE PEOPLE WITH JOBS HE HASN’T ALIENATED: Obama Puts Mortgage Interest Deduction On Chopping Block. And how’s this going to impact the housing bust?

UPDATE: Related: How To Kill A Recovery.

ANOTHER UPDATE: A reader emails: “Speaking for myself, just the rumour of ending the mortgage deduction has caused me today to call off my house search. Not just because of the loss of the deduction to me personally, but because it’s easy to imagine this crashing prices, which is all you need to, in fact, crash prices.”