{"id":5817,"date":"2013-06-24T12:51:58","date_gmt":"2013-06-24T16:51:58","guid":{"rendered":"http:\/\/www.billdawers.com\/?p=5817"},"modified":"2013-06-24T13:09:54","modified_gmt":"2013-06-24T17:09:54","slug":"calculated-risk-with-a-few-comments-on-dumb-policy","status":"publish","type":"post","link":"http:\/\/www.billdawers.com\/2013\/06\/24\/calculated-risk-with-a-few-comments-on-dumb-policy\/","title":{"rendered":"Calculated Risk with &#8220;a few comments on dumb policy&#8221;"},"content":{"rendered":"\n<p><div class=\"e26b170012445c56d240655bdd03f7bf\" data-index=\"10\" style=\"float: right; margin:10px 0 10px 10px;\">\n<script async src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:300px;height:600px\"\r\n     data-ad-client=\"ca-pub-5595881567027133\"\r\n     data-ad-slot=\"8268618372\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n<br \/>\nCalculated Risk blogger Bill McBride is one of the clearest, most pragmatic voices out there in terms of analysis of the U.S. economy.<\/p>\n<p>He posted some typically concise and on-the-mark commentary on Sunday: <a href=\"http:\/\/www.calculatedriskblog.com\/2013\/06\/a-few-comments-on-dumb-policy.html\" target=\"_blank\">A few comments on dumb policy<\/a><\/p>\n<p>McBride cites a number of counter-productive policies embraced or proposed in recent years that have had the effect of deepening or simply extending the conditions that led to the financial crisis and the Fed&#8217;s stimulative measures. He appropriately notes the seller-financed Downpayment Assistant Programs for FHA backed loans, the Homebuyer Tax Credit that dragged out the housing bust by at least 18 months, and other measures.<\/p>\n<p>In this post he takes aim at the indiscriminate sequestration cuts that are undoubtedly hurting the economy more than they are helping control spending &#8212; while they are having real, adverse impacts on the lives of Americans, especially those who live or work on military bases. From the post, with emphasis added: <\/p>\n<blockquote><p>This is frustrating and embarrassing for the U.S. &#8211; and this also impacts the Fed. <strong>If we ended the sequestration budget cuts, then there would be a better chance that the Fed could taper and end QE3 sooner rather than later. <\/strong> Dumb policy is hurting the country right now &#8230; and if I was a reporter, I&#8217;d ask these three Congressmen [Boehner, Cantor, and Ryan] about ending the cuts at every opportunity.  <\/p><\/blockquote>\n<p>For more on how sequestration is impacting residents in the Savannah area, check out this recent AP article.<\/p>\n<div class=\"e26b170012445c56d240655bdd03f7bf\" data-index=\"2\" style=\"float: none; margin:0px 0 0px 0; text-align:center;\">\n<script async src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:300px;height:250px\"\r\n     data-ad-client=\"ca-pub-5595881567027133\"\r\n     data-ad-slot=\"4374909701\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Calculated Risk blogger Bill McBride is one of the clearest, most pragmatic voices out there in terms of analysis of the U.S. economy. He posted some typically concise and on-the-mark commentary on Sunday: A few comments on dumb policy McBride&hellip;<\/p>\n<p class=\"more-link-p\"><a class=\"more-link\" href=\"http:\/\/www.billdawers.com\/2013\/06\/24\/calculated-risk-with-a-few-comments-on-dumb-policy\/\">Read more &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[4],"tags":[194,42,1216],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p1gN9R-1vP","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/posts\/5817"}],"collection":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/comments?post=5817"}],"version-history":[{"count":0,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/posts\/5817\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/media?parent=5817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/categories?post=5817"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/tags?post=5817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}