Ritholtz calls it saddening, I'm sure others will call the program a success. I remember 20 plus years ago, I filed for bk and felt like a scumbag for doing so, the judge said this action is sanctioned by Congress go in peace. Booyah!!! Be proud mofo's and collect your benes if you qualify.
Indeed. The same here in europe where many wives of rich doctors or lawyers still collect unemployment benefits... Yet no emphasis on the phenomenon is put, such a privilege is reserved for the immigrants and working class who out of a job, simply need state support to survive.
Agree. Might as well call it "TheBigObamaShill.com" now. I also get tired of the media saying how he "called" the housing crash or the bottom. So did tons of other people if you use loose enough criteria. Like most of his ilk, he's constantly "calling" something, so he's occasionally right just like a broken clock.