George Bush DOES Care About Homeowners

I know it’s hard to believe, but it’s true: President Bush has decided not to fight legislation that would prove helpful to non-rich Americans! This should actually come as a relief to people of all income brackets — as we learned this week, even Britney Spears is running low on money, and she…had a career once. Why, perhaps even Shaq will now consider investing in real estate again.

Economic Forecast: Partly Not Horrible

It’s easy enough these days even for the layman to tell that the economy is not so hot; paying four figures a month for gas is a tough sign to ignore. But are things likely to get maybe kind of better soonish. or are we all doomed? It depends on which government appointee you choose to believe. For example, the Fed chief Ben Bernanke last week said this.

…and some more gloomery along those lines. But Treasury Secretary Henry Paulson thinks, for example that the housing market should settle down within a couple of months. See, to the ignorant layman, a report on housing foreclosures hitting a new high in California would seem to be cause for greater caution and concern — but then, that’s why we’re laymen. If we were fancy economists, maybe we too could tent our fingers like supervillains as we made seemingly counterintuitive pronouncements.