To provide economic stimulus through recovery rebates to individuals, incentives for business investment, and an increase in conforming and FHA loan limits.
1/28/2008 Introduced in House
2/13/2008 Became Public Law No: 110-185
(Click to Enlarge)
That's exactly what the consumer needed: higher mortgage rates and higher oil prices. Mission accomplished.
'Mission accomplished' has now become synonymous with miscalculations
"The top references are jokes, blogs and insults. Ninety percent are negative or humorous," said Paul Payack, who runs the Global Language Monitor in San Diego. "It's a tagline that evokes not a smart thing to do, stepping into a trap, exactly what not to do at an apparent moment of triumph. Like 'wardrobe malfunction,' it just has become part of the public consciousness."
Sweet! It was really important to me that I was using the term appropriately, lol.
Source Data:
EIA: Spot Prices
FRB: Selected Interest Rates (Source: FHLMC)
Stag,
ReplyDeleteThis article has a hidden gem - 8,3,11/12.
Stag,
ReplyDeleteI forgot the link - double ka-der on me!
http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/TheFedEmbracesInflation.aspx
He discussed the nation's massive, long-term unfunded Social Security and Medicare liabilities, putting the amount at roughly $99 trillion.
ReplyDeleteSounds like something off of the dollar menu. A trillion here and a trillion there and at some point it really adds up.