61% in US Want Government Out of Housing Business — Obama Blows Another $1.5 Billion on Housing Business


Barack Obama held a rally for unpopular democrat Harry Reid today in Las Vegas. (Reuters)

Rasmussen reported today that 61% of Americans want government to stay out of the housing business. This comes on the same day the President Obama announced he was going to dump another $1.5 billion into the housing business in Nevada, California, Michigan, Florida and Arizona.

President Barack Obama is unveiling $1.5 billion in housing help, a boost timed to his appearance in the city with the worst foreclosure crisis in the nation.

Obama’s move, detailed by aides in advance of his town hall here Friday, is the latest by a White House determined to show it is helping families rebound from a deep recession. The downturn is taking an election-year toll on Obama’s party as voter frustration builds.

Obama was to announce that housing finance agencies in the five hardest-hit states in the housing crisis will receive $1.5 billion to help spur local solutions to the problem. Those five are Arizona, California, Florida, Michigan and Nevada.

The policy wrinkle comes during a two-day Western trip with different agendas for the president. He will be back in town-hall mode, a venue that aides say allows him to connect with people and distance himself from the messy process of Washington governing.

The president is also out to help vulnerable senators protect their seats and, in turn, gain as much legislative leverage as he can.

That’s nice of Obama. Now he’s buying senate seats with your money.

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