Posted by dylan398 on 22nd of Sep 2008 at 12:53 pm
when will we see people start marching on the White
House......it seems we are all just lemmings accepting whatever our
government tell us is best...VERY SCARY...almost as scary as those
stupid Microsoft commercials with Gates and Seinfeld..
Here's what needs to be said but NO ONE will say it:
Something has gone wrong in this country over the past several
decades. And I'm not sure that I or anybody else can turn it
around. But we borrowed so much money.
We've let this Las Vegas version of what used to be ordinary
banks in our ordinary hometowns go berserk. Our currency is having
enormous problems. People are losing their homes. We've got to face
up to what our problems are and talk about how this happened. Who
did it? Why? Who made the money?
But I think half of Washington would have a problem in their
stomach needing quick relief, let me put it that way. Cause you
don't rock that boat. You pretend that it's a sound economy. And if
it's not sound, it's nothing that the old Democratic elixir can't
fix, you know? Old New Deal in a bottle. We'll have a couple of
swigs and you'll be happy again.
Posted by dylan398 on 22nd of Sep 2008 at 01:49 pm
"people are losing their homes".....because they borrowed too
much....meanwhile there are people on the sidelines with cash
waiting for these homes to come to a "buy point"...this is the
American way.....weak hands sell to the strong hands.
Some of us in this country didn't buy 5 or 6 bedroom
"cribs"....I live well within my means and have outside income from
rental properties....I for one didn't receive a stimulus...nor will
I receive any help from a bailout.....If someone has to move from
their house to a rental property so be it.....Last I checked owning
a home was not a right...
The assumption is, that the next first time eligable home buying
generation will buy the excess inventory. The children of the
baby boomers was the last large generation. The children of
the echo generation is smaller, due to 2 spouses working and, (the
greatest contraceptive of all) - cable TV! I'm firmly
convinced that if we want to control the growth of the emerging
countries, we should give them free cable. But I digress,
this housing crisis will take longer to fix because of less
buyers.
Posted by dodgerdog on 22nd of Sep 2008 at 01:58 pm
Dylan - I agree wholeheartedly with your statements below.
My fear is that those (like us) that actually lived within their
means will be punished (taxed, etc.) to bail out others.
Re-distribution of wealth could occur since many now have nothing
which serves to penalize those who did not overspend, etc.
Posted by dylan398 on 22nd of Sep 2008 at 02:07 pm
that is why it makes me so angry.......I feel like I'm not being
represented in all this....I'm just being told there would be a
complete failure of the system if we don't do this....So I say lets
go to a socialist state and quit acting like it's something
different....the rich capitalze the wealth...and socialize the
pain...while the poor keep getting handouts and the upper middle
class(over 75K/year) keeps taking it in the shorts...
Posted by rgoodwin on 22nd of Sep 2008 at 01:09 pm
Well said Steve. I heard some Congressman on TV yesterday, when
asked if we were doing the right thing respond that he did not know
enough or understand enough to know. So our leaders are also
lemmings and following the poison pill of whomever they THINK is on
the right side of the plan. Without a knowldgeable basis for making
a VOTE how does one VOTE for such a bail out bill in Congress. I
don;t recall who this was but it was pathetic to hear. Better
response would have been to follow up with a comment that he
intended to consult some respected EXTERNAL economists and get an
idea of what this all means - before he is asked to cast a vote.
Trouble is, I am sure he is not in the minority in his knowledge, I
sadly suspect he is in the majority.
Posted by rgoodwin on 22nd of Sep 2008 at 12:56 pm
I missed the commercials but we are more lemmings than leaders
that is for certain. The most important thing folks can do in about
43 days is get out and VOTE. We need to tell Washington we are back
in the game and we tend to stay here. Please ask your neighbors to
vote. It's embarrassing and shameful that we have the lowest voter
turn out of most every nation in the world.
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Posted by dylan398 on 22nd of Sep 2008 at 12:53 pm
when will we see people start marching on the White House......it seems we are all just lemmings accepting whatever our government tell us is best...VERY SCARY...almost as scary as those stupid Microsoft commercials with Gates and Seinfeld..
My Thoughts
Posted by dodgerdog on 22nd of Sep 2008 at 12:58 pm
Here's what needs to be said but NO ONE will say it:
Something has gone wrong in this country over the past several decades. And I'm not sure that I or anybody else can turn it around. But we borrowed so much money.
We've let this Las Vegas version of what used to be ordinary banks in our ordinary hometowns go berserk. Our currency is having enormous problems. People are losing their homes. We've got to face up to what our problems are and talk about how this happened. Who did it? Why? Who made the money?
But I think half of Washington would have a problem in their stomach needing quick relief, let me put it that way. Cause you don't rock that boat. You pretend that it's a sound economy. And if it's not sound, it's nothing that the old Democratic elixir can't fix, you know? Old New Deal in a bottle. We'll have a couple of swigs and you'll be happy again.
right on dodger
Posted by kevmars on 22nd of Sep 2008 at 02:03 pm
Your comments are spot on. We won't see any straight talk out of Congress on this issue just more wishful thinking and happy talk for the sheeple.
For those not familiar check out the recent posts from Mike Shedlock...he nails it.
http://globaleconomicanalysis.blogspot.com/
"people are losing their homes".....because
Posted by dylan398 on 22nd of Sep 2008 at 01:49 pm
"people are losing their homes".....because they borrowed too much....meanwhile there are people on the sidelines with cash waiting for these homes to come to a "buy point"...this is the American way.....weak hands sell to the strong hands.
Some of us in this country didn't buy 5 or 6 bedroom "cribs"....I live well within my means and have outside income from rental properties....I for one didn't receive a stimulus...nor will I receive any help from a bailout.....If someone has to move from their house to a rental property so be it.....Last I checked owning a home was not a right...
The assumption is, that the
Posted by ralph on 22nd of Sep 2008 at 02:04 pm
The assumption is, that the next first time eligable home buying generation will buy the excess inventory. The children of the baby boomers was the last large generation. The children of the echo generation is smaller, due to 2 spouses working and, (the greatest contraceptive of all) - cable TV! I'm firmly convinced that if we want to control the growth of the emerging countries, we should give them free cable. But I digress, this housing crisis will take longer to fix because of less buyers.
Dylan - I agree wholeheartedly
Posted by dodgerdog on 22nd of Sep 2008 at 01:58 pm
Dylan - I agree wholeheartedly with your statements below. My fear is that those (like us) that actually lived within their means will be punished (taxed, etc.) to bail out others. Re-distribution of wealth could occur since many now have nothing which serves to penalize those who did not overspend, etc.
that is why it makes
Posted by dylan398 on 22nd of Sep 2008 at 02:07 pm
that is why it makes me so angry.......I feel like I'm not being represented in all this....I'm just being told there would be a complete failure of the system if we don't do this....So I say lets go to a socialist state and quit acting like it's something different....the rich capitalze the wealth...and socialize the pain...while the poor keep getting handouts and the upper middle class(over 75K/year) keeps taking it in the shorts...
Well said Steve. I heard
Posted by rgoodwin on 22nd of Sep 2008 at 01:09 pm
Well said Steve. I heard some Congressman on TV yesterday, when asked if we were doing the right thing respond that he did not know enough or understand enough to know. So our leaders are also lemmings and following the poison pill of whomever they THINK is on the right side of the plan. Without a knowldgeable basis for making a VOTE how does one VOTE for such a bail out bill in Congress. I don;t recall who this was but it was pathetic to hear. Better response would have been to follow up with a comment that he intended to consult some respected EXTERNAL economists and get an idea of what this all means - before he is asked to cast a vote. Trouble is, I am sure he is not in the minority in his knowledge, I sadly suspect he is in the majority.
I missed the commercials but
Posted by rgoodwin on 22nd of Sep 2008 at 12:56 pm
I missed the commercials but we are more lemmings than leaders that is for certain. The most important thing folks can do in about 43 days is get out and VOTE. We need to tell Washington we are back in the game and we tend to stay here. Please ask your neighbors to vote. It's embarrassing and shameful that we have the lowest voter turn out of most every nation in the world.