Wednesday, February 25, 2009


Barack Obama's $275 billion Housing Handout is designed to help 9 million American homeowners.

The Obama Adminstration's summary of the plan says that it could offer a buffer of up to $6,000 against value declines on the average home.

Wait a minute.

$275,000,000,000 divided by 9,000,000 mortgages is about $30,555 per mortgage.

What happen to the rest?

Sounds JUST like England's fuzzy math...