We’re getting job creation in healthcare and educational services. We’ve been getting that all along. It’s demographically driven, it’s funded by the government, and that’s held up.
Mark Zandi Quotes
The extension and expansion of the payroll tax holidays for workers would be number one on my list and key to avoiding recession
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Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy.
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There is plenty of blame to go around for the U.S. housing bubble, but not much of it belongs to Fannie Mae and Freddie Mac. The two giant housing-finance institutions made many mistakes over the decades, some of them real whoppers, but causing house prices to soar and then crater during the past decade weren’t among them.
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Today's Anniversary - 21st December
Births
- 1966 - Kiefer Sutherland
- 1925 - Paul Kurtz
- 1935 - Phil Donahue
- 1947 - Zoe Lofgren
- 1969 - Julie Delpy
Deaths
- 1958 - Lion Feuchtwanger
- 1992 - Stella Adler
- 1935 - Kurt Tucholsky
- 2001 - David Swift
- 1889 - Joseph Barber Lightfoot
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