Hearing Footsteps

I received a mailing this weak touting all the great things Del. Poisson supposedly has done for the people of northern Virgina. Looks like they (the Democrats) are really desperate. The mailing discussed bills Del. Poisson has introduced -- even if they went no where. For example, the mailing, paid for by the Democratic Party of Virginia and not Del. Poisson's committee, references his introduction of a bill on insurance for autism. Notably, it does not mention that the bill, and virtually all the bills referenced in the mailer, never even made it out of committee. Even his website reverences only the bills he has introduced.

I have nothing against Del. Poisson on a personal level, but his priorities are misplaced and his political presence is lacking.

Time to give someone else a shot.

The 32nd House of Delegates Race is On!

Tag Greason kicked off his bid to replace David Poisson as eastern Loudoun’s representative in the House of Delegates this week with a fantastic party at The Dock in Lansdowne. Obviously, the senior Republican leadership is strongly behind Tag. Rep. Wolf along with Delegates May, Rust and Howell were in attendance with a packed room of supporters.

Poisson is vulnerable – and even the Democratic leadership knows it. Witness the robo-calls this week from Poisson paid for not by Poisson’s campaign but by the Democratic Caucus. Keep in mind that the election is six months away and Poisson already is resorting to the detested pre-recorded message tactic paid for by others. I think he hears footsteps . . .

Sign of the Times

Oh, FRAP! Not again.

Let’s see if I have this straight. We’re in this economic mess due in no small part to lenders who made loans to people they shouldn’t have. The lenders made high loan-to-value loans such that when the market dipped, those borrowers would rather just lose the house than paying on a mortgage that was under water. As a result, the banks that made those loans lost, and continue to lose, so much money that the taxpayers had to come to their rescue or risk complete economic collapse. Are you with me so far?

So, hey, why should the party end? Let’s do it all again. At least that’s what Prince William County is doing. PWC has a new well-intentioned but badly implemented welfare program called the Foreclosure Rehabilitation Acquisition Program. It offers deferred loans for down payments so that borrowers need to come up with only 1.75% of the contract sale price to buy a foreclosed upon house. And you don’t qualify is you make more than $82,680.

Unfortunately, these loans are destined to fail just as those other high loan-to-value loans failed. All these programs do, at best, is to kick the can further down the road by making risky loans to people least able to afford them and least interested in making payments when times get tough.

Stimulus Bill Has Failed

Obviously, the stimulus bill doesn't work. I fall asleep every time I read it.

Budumpa.

I'm here all week.