Obama Attacks Churches, Charities and Home Values

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These are policies that President Obama has advocated in the past, so we shouldn't be surprised to see them in his 2011 budget. Still, it's hard not to be a little shocked.

It's easy to understand the Obama administration's purpose with regard to churches and private charities, which it regards as competitors of the government. It wants to damage or destroy them by making contributions more expensive.

But what about the mortgage interest deduction? The administration purports to be concerned about the decline in home prices that triggered the economic crisis of 2008-2009. But severely reducing the mortgage interest deduction will inevitably depress home prices. And not just the prices of expensive homes, either; as those prices fall, the values of less-expensive houses will decline as well.

Is this really what the administration wants? It is hard to escape the conclusion that the Obama administration simply doesn't care about America's economy...

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