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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

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To: J_F_Shepard who wrote (164314)	2/19/2010 12:13:47 PM
From: Hope Praytochange	1 Recommendation of 173976

tax payer money to buy vote: dumbObama is appearing in Nevada Friday with Senate Majority Leader Harry Reid, who is fighting for re-election in November amid voter anger over the state's high unemployment and widespread housing woes. Nevada has the highest rate of home-mortgage foreclosures of any state in the nation and the second-highest jobless rate. The money would be distributed by state and local housing finance agencies, or HFAs, in each state. The $1.5 billion would be allocated according to a formula based on home-price declines and unemployment. HFAs could use the money in a variety of ways, including unemployed homeowner assistance, mortgage workouts or new home purchase assistance. But the Treasury Department, which would bankroll the program with unused money from the Troubled Asset Relief Program, must approve a state's plans. Write to Elizabeth Williamson at elizabeth.williamson@wsj.com

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