Decades and decades of economic data conclusively proves that whenever a government interferes with markets, it serves to prolong the resetting of such markets. In other words, a market has to find its natural bottom before it can begin to recover.
The feds have spent $ billions to effect a ‘soft landing’ of shelter real estate, only to see the re-acceleration of foreclosures and price declines as the ‘incentives’ terminate.
The ‘stimulus’ was a gift of government borrowed funds - payoff to Democratic Party apparatchiks, unions, and its core constituents, the victocrats, all at the expanse of the private economy.
May 31, 2017