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Why the Gov't shouldn't be in the real estate business


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Spending $1.5 M....to get $1M in return

 

The poorly executed Obama stimulus strikes again. As if the millions wasted on poorly conceived green jobs wasn't enough. (Understand, Economic Stimulus, as a tool, is both valid and useful, but, like any tool, is easily misused by buffoons and/or people trying to use it as a vehicle to "fundamentally transform America")

 

Now, Obama et al is playing real estate developer. Why? Because surely the government is better at the real estate business than Donald Trump? Right? We don't need Trump, we have Obama! :lol:

 

"We're buying the worst of the worst of the foreclosed homes, the ones private investors won't touch,"

:lol:

Yes, and did you stop to consider why they won't touch them, nitwit? Could it be because they won't make a F'ing profit on them...JUST LIKE YOU DIDN'T? :wallbash:

 

You know what needs to happen to these properties? Let some family who has the ability to fix them up buy them at a price they can afford....moron. That's how you help "the poor". Now that family can't afford that house, because you wasted our money fixing it up, and they are priced out. Great plan. How is screwing with the market = "helping"? In your infinite government employee wisdom, not only do you not understand the problem you are supposed to be working....

but she wasn't familiar with why specific spending decisions were made on those eight homes. Shallit was hired in November as part of a staff shake-up.

...it's clear you don't understand your own solution either. Great. :lol: "Staff Shake-up"? Anybody want to guess why that was necessary? :lol:

 

We need to raise taxes, so we can hire more government employees like this one...because clearly she is making a "moral" difference for all of us. Yes, she's doing very "honorable" work. :rolleyes: Self-righteous turditry.

 

How dense/intransigent do you have to be not to understand just how galatically stupid having the government compete with business/investors is?

Edited by OCinBuffalo
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