Asheville, North Carolina (GlossyNews) — The poop on politics from Norbert B. Snortwhistle.
In his latest bid to pump up the economy before the 2012 election, President Obama introduced a new program, “Bucks for Burn Downs,” that will pay financially troubled homeowners to burn down their own homes.
“Rebuilding burned down homes will create good jobs that can’t be shipped overseas,” the President said. “And this program gives frustrated homeowners an alternative to simply walking away from their mortgage.”
The President made his remarks in a speech to local firefighters, some of whom were facing layoffs due to strapped municipal government budgets.
Republican House Speaker John Boehner sharply objected to the President’s proposal, while some economists expressed doubts about its effectiveness.
“Private sector entrepreneurs, many of them small businesses, can burn down homes more efficiently than a federal bureaucracy,” Boehner asserted. “This is just another big spending job killer for small businesses.”
“It’s difficult to gauge the impact without more details,” observed an economist at a Washington think tank. “If the burned down houses are rebuilt and put up for sale, that increases the supply on the market, which keeps home prices low.”
Democratic House leader Nancy Pelosi, however, signaled she would fight for the President’s plan.
“Republicans say ‘no’ to everything,” Pelosi replied. “But burning down homes makes just as much sense as many of the bills Congress has passed.”