Wednesday, January 7, 2009

First the Porn Bailout and Now The Housing Builders Bailout

As if it's not bad enough that Larry Flynt wants a bailout for the Adult Entertainment Industry, now one of the nation's largest trade associations wants money to deliver them from their own economic shortcomings and mismanagement.

From the AP via Minneapolis Star-Tribune:

With lawmakers angling to pass an economic recovery package by the middle of next month, desperate homebuilders from around the country flew to Washington to spend Wednesday pushing a $150 billion plan to revive the housing market.

Builders want a package of subsidies that would bring mortgage rates to just under 3 percent for the first half of this year. They also favor a tax credit of up to $22,000 for home purchases.

Jerry Howard, chief executive of The National Association of Home Builders, appeared today on Fox News' "Your World With Neil Cavuto".

Video to follow soon!

You can contact NAHB with your questions and comments by mail, phone, or online.


National Associationof Home Builders
1201 15th Street, NW
Washington, DC 20005
202-266-8200
800-368-5242
Fax: 202-266-8400



Tell them to ask Barney "Mortgage Crisis" Frank for the money!

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