The Obama administration is learning the hard way. Now that there is good evidence that the recession is ending (no thanks to the as yet un-dispersed stimulus spending) the already issued debt and opened-ended spending commitments of the first 100 days are driving up long-term interest rates. How long can the housing market rebound with interest rates going up 26 basis points a week? Not long I suspect. Like Bill Clinton before him, he is going to learn that the bond market is the 5th branch of government.