An Unhappy Birthday for President Obama’s Stimulus

February 17, 2014J

By Christine Harbin Hanson Five years ago today, President Obama signed the American Recovery and Reinvestment Act into law. Proponents claimed that injecting $787 billion of borrowed money into the economy would result in long-term job creation and economic growth. Five years later, the economy remains sluggish and the President’s wishful thinking has failed to […]

After Fannie and Freddie: PATH and Corker-Warner

Last Tuesday, President Obama unveiled his new housing plan to a cheering crowd in Phoenix, Arizona—one of the cities hit hardest by the housing crisis. To the surprise of free-market enthusiasts, President Obama called for the gradual shuttering of Fannie Mae and Freddie Mac, even declaring, “I believe our housing market should operate where there’s a limited government role and private lending should be the backbone of the housing market.” Right now there are two bills in Congress, the Corker-Warner bill that President Obama supports and a bill from Rep. Jeb Hensarling championed by House Republicans. Beyond the rhetoric, what are the major differences between the two plans? Here is a breakdown.