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Housing Starts . . .

Is there any better guide to sound policy than going with the opposite of Hugh Hewitt‘s instincts: Housing construction drives a huge portion of the economy, and is an extraordinary multiplier of economic activity.  This isn’t debatable.  But the stimulus package unveiled in the House of Representatives last week does nothing for the housing sector.  […]

Is there any better guide to sound policy than going with the opposite of Hugh Hewitt‘s instincts:

Housing construction drives a huge portion of the economy, and is an extraordinary multiplier of economic activity.  This isn’t debatable.  But the stimulus package unveiled in the House of Representatives last week does nothing for the housing sector.  Some had expected up to a $20,000 tax credit for the purchase of a home in the first two or three quarters of 2009, a huge kick in the pants to the buyers who are waiting for the bottom of the housing market to appear.

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