three blizzards in as many weeks putting the green agenda on ice. is that exactly what this economy needs? toby? the economy is jumping up and down and saying, thank you. you just can t see it cause we got the umbrellas on. look, even the dems have finally come to the conclusion that all the ideas that have been thrown out here are basically fraught ridden, horrible for the economy and finally when they started to put the math to it, they said, you know what, this would kill the economy if we put this stuff through. so let s sort of forget we even talked about it. i love it. we call it the washington shuffle. little michael jackson. juliette, cap and trade, epa and the democrats are pulling back on that a little bit. is that going to help or hurt the economy? well, ultimately what it s going to do is help businesses in the long run. it may not be the best thing in the short-term and we may have to time it correctly and so lawmakers are probably doing
root because excess inventory we have is the biggest thing preventing the market from clearing, preventing the real estate market from recovering. until the market clears, you get run up recovery. this kind of policy wouldn t help that in the slightest. your blood pressure is back down. toby, you go ahead. this is always the rule of trying to do well for people and actually hurting people. so in a couple ways. number one, when someone takes over that home that shouldn t foreclose, according to the real estate association, they spend $8,500 on new stuff. nobody spends anything on a home that they re getting for free by the government, or totally upside down on. so not only is giving people a free home anti american, anti capitalist and wrong on a multitude of levels, it s also incredibly bad economics and it actually stalls a big part of our economy coming back cause
what i would think everyone here would like them to do is take a step back, take a look. but in the long-term, this is truly a very good thing. it s going to shift the help to green jobs in the long-term and it will help to really get businesses to focus where they need to focus on these things in the long-term. well, come on, gary. putting these green jobs on ice. we re not even talking about this anymore. this is not even the issue. i love the logic, we re going to be shifting these to green jobs. i thought we shifted everyone to health care. we re going to run out of manpower at some point. but studies of this already, this was basically the bottom line. this is another way for obama to shape the economy, what he thinks is right. but there is cost. this is a tax plan. this is going to cost, studies have shown, the average family of four, $4,500 a year. job costs, by the way, lose about 20 million jobs over
the consumer is not coming back very fast and one of the reasons is, so many are upside down on house. he really likes it. what do you say to that? i think it s extreme to say we re giving people free houses. what we re trying to is it. that s what they re saying. what they re saying is help people who need help. we ve been on this show before talking how the banks are not doing enough to help people who really could be helped by this. hold on. who could be helped by getting into a more reasonable mortgage, but there are other people who are not going to be helped by this and shouldn t try to help them. speculators. real quick, if you continue to do this, you will make sure that government will have a handle on every single mortgage in the country because no company is going to offer a mortgage knowing that the government can come in and say, by the way, you can not foreclose on that house. get that house back and sell it. no one will do it. it will all be fannie mae an