- Nowhere has the changing tone on the dividend proposal
been more obvious than with the housing lobby, which briefly raised
questions about the impact of that tax cut on low-income housing
credits. When a Washington Post article indicated last week that a
coalition of nine national housing lobbies had expressed concern over
the issue, panic ensued.
The carefully crafted coalition collapsed in acrimony, as Republican-leaning interest groups such as the National Association of Realtors and the National Association of Home Builders scrambled to distance themselves from the new organization. A lobbyist for the Realtors group rushed to the White House with statements the group had made in support of the president's dividend proposal.
"The White House has a reputation of taking names and exacting punishment," said one housing lobbyist, who spoke on condition of anonymity. "I think this White House plays rougher [than predecessors], and I think they're proud of it."
This is how they're treating anyone with the potential to oppose their economic policy. With the possible exception of Alan Greenspan. Or possibly not.
But hey, they're proud to say how many economists are lining up behind their proposal. As it happens, they're not, but that doesn't keep them from saying it...