Do you know about - Perkins on Point -The Family Response: February 20, 2009
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Perkins on Point -The Family Response: February 20, 2009 Tube. Duration : 2.12 Mins.We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Today Mortgage Rates . Family Research Council President Tony Perkins addresses the events of this week from the perspective of the American family: Mark Twain once quipped that No mans life, liberty or property is safe while Congress is in session. The good news this week Congress was not in session. The bad news the Obama Administration more than made up for it. President Obama signed the massive 787 billion dollar stimulus bill and announced a mortgage bailout program that could cost taxpayers another 250 billion dollars. Many have argued that these efforts to rescue the economy are the same as FDRs efforts back in the Great Depression. There are some similarities: FDRs actions were controversial and so is President Obamas, but the similarities stop there. The unemployment rate during the great depression was about 25%, today it is under 8%. Thats high, but a far cry from a quarter of the population. The New Deal cost, in todays dollars, about 0 billion and it created over 10 million short-lived public works jobs. The total cost of just the stimulus measure, according to the Congressional Budget Office, will top .3 trillion dollars. And by the Administrations own estimates it will only preserve or create 3 to 4 million jobs. In additional to the temporary jobs, the New Deal did expand government, but it will mostly likely pale in comparison to the expansion in size and scope of the federal government under this measure. The New Deal offered low interest loans to spur the housing ...