Inherency- obama has already Solved 3 Harms- other things cause homelessness 5
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- 2NC Uniqueness—Inflation
OverviewOur argument is that the plan spends money at exactly the wrong time. Our bloomburg evidence says the econmy and the U.S. dollar value are stable now. Plan disrupts that balance by spending lots of money, causing the American dollar to decline by simple laws of supply and demand. This kills the American ecoomy, causing war per out ferguson evidence. this outweighs for a few reasons
AND Disad turns case- Economic decline increases demands on section 8, causing the system to collapse Barclay Bishop- WJBF News Channel 6 reporter- Published: October 18, 2008- online- http://74.125.95.132/search?q=cache:xH68FPOLVTsJ:www.wjbf.com/jbf/news/consumer/article/economy_affects_section_8_housing/7787/+%22section+8%22%22economy%22&cd=1&hl=en&ct=clnk&gl=us Shelana Coach, lives in Section 8 housing: “I was like, ‘there’s no way I can do it on my own,‘ but I needed some kind of assistance to help me.“ Shelana Coach is a single mother, just graduated from college, and has 5 kids. She’s also one of thousands in Aiken County who qualifies for Section 8 housing. Coach: “It’s not that easy. Once you get out here, and the jobs are being cut, a lot of people are not hiring. I mean, you have to live day by day and go with the flow.“ Ivory Mathews, Executive Director, Aiken Housing Authority: “We’ve seen a tremendous increase in the amount of people in the community who need housing.“ Ivory Mathews is the executive director of the Aiken Housing Authority. Mmathews: “We have over 1,800 people on our Section 8 Choice Housing Vendor Program waiting list.“ And, here’s an even bigger problem: 100 working families were just approved for vouchers, but no landlords are offering places for them to stay. Mathews: “We do know that there are families, or individuals, in the community who do have housing, where they can be able to provide our customers with an opportunity to live in a safe, decent and sanitary situation, as well.“ Coach: “If you’re not getting anything for that house, it’s just going to sit there. If you get a little bit for it, at least you know it’s being lived in, and you can have a family appreciate that house more than it just sitting there, being vacant.“ And Coach is one of those who appreciates the help, and from the looks of it, there may be more right behind her. Mathews: “Unfortunately, I think we’ll see more and more people walking through our doors.“ Coach: “I see my future going on with my life, and letting another family in need take the place of where I am, now.“
The 15-year FRM averaged 4.89 percent with an average 0.7 point, down from 5.06 percent last week and 6.02 percent a year ago. Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 4.97 percent with an average 0.6 point, down from 5.17 percent last week and 5.89 percent a year ago. One-year Treasury-indexed ARMs averaged 4.95 percent with an average 0.6 point, down from 5.04 percent last week and 5.19 percent a year ago. Reports of benign inflation figures reversed the upward trend seen in mortgage rates in recent weeks, Freddie Mac Chief Economist Frank Nothaft said in a statement. Goldilocks economy now—stabilizing recovery Alloway 6/1/09 [Tracy, Financial Times Alphaville, “JPM says mild inflation good for stocks too,” http://ftalphaville.ft.com/blog/2009/06/01/56459/jpm-says-mild-inflation-good-for-stocks-too/] Wading into the inflation vs deflation debate this Monday morning is JP Morgan with a whopping 37-page note. Their central case is neither high inflation nor outright deflation, but a moderate “Goldilocks” bout of price increases — neither too hot not too cold. Here’s JPM’s European equity strategists Mislav Matejka and Emmanuel Cau on the subject: While most do not perceive inflation to be a near term risk anyway, we think investors could be surprised by how long inflation remains subdued. JPM economists have a base case view of low inflation readings for an extended period of time, with 0% core CPI prints in the US in the middle of 2011, two years from now. In the other main regions our economists expect headline CPI to print between 0 and 2% over the next few years. … The basic driver behind these relatively sanguine inflation forecasts is the size of the output gap the global economy currently displays. If the output gap analysis is still relevant, even if the economic activity manages to surprise on the upside over the next few years, it would still be difficult to arrive at meaningful rates of inflation growth. Mild inflation, is, according to JP Morgan, supportive for stocks. Shares, they note, tend to perform best in the -3 per cent to 3 per cent inflation range. At higher levels of inflation (or deflation, for that matter) they tend to perform poorly as P/E multiples compress, according to the strategists. To demonstrate that high inflation point, JPM has provided some nifty charts, with data stretching back to 1870. Here they are. So the analysts conclude that the current environment of low inflation “could be seen as very supportive for equities from an inflation perspective, with low inflation in the near term, and a potential move higher thereafter.”
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