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Stupid

The AARP points out that little Paulie Ryan is just plain stupid:

WASHINGTON — AARP is firing back at Republican budget maven Rep. Paul Ryan (R-Wis.) for accusing it of putting business interests before the needs of older Americans.

Ryan sent an email to supporters of his Prosperity PAC Tuesday, slamming AARP over its new multi-million dollar ad campaign that accuses Washington of trying to pay its bills by shorting the Medicare benefits Americans have earned.

The spot doesn’t mention Ryan or any party, but it is clearly a shot at Ryan’s budget, which would shift Medicare from its current from, a government-run plan, to a voucher-like private system in which the government subsidizes people to buy their own insurance.

Ryan did not appreciate the ad, and in the email, an adviser to his PAC trashed it.

[...] Republicans in the House have taken aim at AARP recently, charging, like Ryan, that AARP is prioritizing its business interests over its advocacy. A lengthy report using much of AARP’s own data suggested the income AARP gets from endorsing certain insurance plans was clouding its vision.
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Sticking a pin in the bubble

When is someone going to come out and say that the real estate bubble is an inherently bad thing? When mortgage payments or rent take up 50% of your income, it drives financial effects all the way down the line. I for one am happy to see this happen, because housing is still very overpriced:

MONTEREY, Calif. — By summer’s end, buyers and sellers in some of the country’s most upscale housing markets are slated to lose one their biggest benefactors: the deep pockets of the federal government. In this seaside community of pricey homes, the dread of yet another housing shock is already spreading.

“We’re looking at more price drops, more foreclosures,” said Rick Del Pozzo, a loan broker. “This snowball that’s been rolling downhill is going to pick up some speed.”

For the last three years, federal agencies have backed new mortgages as large as $729,750 in desirable neighborhoods in high-cost states like California, New York, New Jersey, Connecticut and Massachusetts. Without the government covering the risk of default, many lenders would have refused to make the loans. With the economy in free fall, Congress broadened its traditionally generous support of housing to a substantial degree.

But now Democrats and Republicans agree that the taxpayer should no longer be responsible for homes valued well above the national average, and are about to turn a top slice of the housing market into a testing ground for whether the private mortgage market can once again go it alone. The result, analysts say, will be higher-cost loans and fewer potential buyers for more expensive homes.

Michael S. Barr, a former assistant Treasury secretary, said the federal government’s retrenchment would be painful for many communities. “There’s always going to be a line, and for the person just over it it’s always going to be an arbitrary line,” said Mr. Barr, who teaches at the University of Michigan Law School. “But there is no entitlement to living in a home that costs $750,000.”

Flood relief

Here’s your chance to generate some good karma for yourself by donating to Midwest flood relief. (And no, I don’t care who they voted for, they’re human beings in need.)

Last night

The show with Dave Johnson was enlightening, you should check it out. Dave’s one of the brightest people I know, and a nice guy, to boot! Click here to listen.

March on Wall St.

This Thursday, May 12th. Can you make it?

Nope

No climate change, just go on about your business!

If she knew what she wants

Bangles!

No. 4 reactor

Leaning, possibly ready to collapse. Oops!

Medicaid

Medicaid pays for the mental health clinic I go to. Looks like I won’t have that option from much longer!

Tonight

On Virtually Speaking Susie at 9pm EST, Dave Johnson of Seeing the Forest and Campaign for America’s Future will be my guest. Dave is one of my favorite people and I’m sure a good time will be had by all!

Don’t forget to call 646-200-3440 with questions or comments!

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