The Housing Bubble

Problem is their replacements are likely not to be much better ??

Or possibly worse;

Martin, Angle, Rubio……

Reappoint the clowns that created this disaster?

People are smart.

“If Pelosi and Reid and Boxer are gone, the political environment will be so much cleaner”.

Those 3 turds and a whole host of others need to be flushed for sure, I’ll believe it when I see it. Problem is their replacements are likely not to be much better. I’ve watched time and time again some lying politician say one thing to get in and then do the opposite. I loath politicians of all flavors, the son of a bitches all screw over the public for their own gain. Nothing has changed in my 53 years.

Throw that POS John McCain’s punk ass out also!

Can’t add much, except to say that I agree.

The Political Class still doesn’t really quite understand how irate the masses truly are. And those “masses” have yet to experience large tax increases come January 2011. As it stands today, a family that earns $50,000 annually will see a tax increase somewhere in the neighborhood of $180 PER MONTH.

That’s an incredible escalation in taxes.

November 2 is just the beginning.

Well said, Diogenes.

wmbz, it’s because of the backgrounds of those who are politicians. Until we (the people) remove bankers and lawyers from the equation, we’re going ti get more of the same.

A few days ago, PB asked what I would do to clean up D.C. I suggest that the people enact a law that prevents lawyers from practicing law while holding office (say from the level of Governor on up).

I’d like to hear ideas from others here. As hackneyed as it may sound, this is OUR country. It’s not solely that of the Political Class, regardless of their wont and regardless of their ideology. We now see that we have a dire need to exercise that right, and should pursue it.

Stop acting as if it is THEIR country. Get off your behinds and do something about it.

In the not too distant future, the millions of blue dog Democrats will either join the Tea Party Patriots themselves, or spin up their own version of the same. They, too, will be preoccupied with the Constitution and seeing that it is followed.

Conservatives have been pissed at Republicans for years. Soon, Democrats will be equally pissed as Liberals, and vice-versa.

Democrats are finding themselves homeless these days, and liberals don’t give a damn if they are.

I am more hopeful the Republicans WILL get us moving in the right direction this time.

BWAHAHHAHAHAHHAHAHHAHHAHAHAHHHHHHHHHHHHH!!! (fpss™)

GOPOFC&CC = “The Grand Old Pimp of “Fiscal” Conservatives & “Compassionate” Conservatives”

Here’s what they delivered via 8 years of Cheney-Shrub Philosophy:

http://www.costofwar.com/

Here’s what they promise to REVERSE by giving tax credits to their puppet-masters themselves while living quite securely$$$$$$$$ & without any socialsecurityhealthinsurance-pain:

http://b.saaraa.com/wp-content/uploads/2010/03/rd-sign-e1267828047806.jpg

Ha, I can’t wait to see their “evangelical” social solutions legally applied to every citizen while the Rove-Glenbeckinstan-Limpbaughs-RoguePalin-MUrDoch’s “True Chupacabra™” “TruePurity™” Choir gleefully sings: “Thou shall live as I live,… sinless & self-righteous in the “ownership” society of “TrueAmericans™”!” Amen

+1 Hwy…..

I’d like to hear ideas from others here.

1. Make CORPORATIONS that move jobs out of AMERICA, pay a higher “bidness” tax.

2. Nationalize basic health services.

3. Create a VA type Hospital for the working poor.

(means test: “So, operating on your appendix will cost $27,000, let’s see,… that’s equal to 1 1/2 of years of your work employment salary?…you qualify.)

We’re working poor. And we vote Republican because someday…. we’re going to be rich!!!

I really believe they (the Republicans) may have learned their lesson this time,

Because this time is different.

“I really believe they may have learned their lesson this time, but the problems are too deep for an easy “fix”. There were way to many promises made to pay way too many people with money the government just doesn’t have….at all levels.”

It sure doesn’t sound like it. All I hear from them is how this is all the democrat’s fault. I expect they’ll take power, continue the present course while declaring themselves revolutionaries, fail, and get kicked back out next time, at which point the democrats will continue the present course and declare themselves revolutionaries. Repeat until we go to war with China so both countries can have an outside enemy to blame for their self-inflicted problems.

“It sure doesn’t sound like it. All I hear from them is how this is all the democrat’s fault.”

That’s because you are listening to the Political Class, which includes Progressives from both sides of the aisle.

Go to some Tea Party gatherings. You don’t hear that kind of talk there. Not hardly.

Do you have the guts and open mind to go? Or, are you going to listen to the Political Class (and their minions,
including some on this very board), which tries to demonize Tea Partiers?

Is the Tea Party a third political party?

Then why are all the candidates they back Republicans?

“Then why are all the candidates they back Republicans?”

Because in most cases there is no third choice. I wish they would back some libertarians.

If the Tea Party is successful, they’ll force Republicans to become more libertarian in approach. In many places around the country, tea partiers are holding Republican feet to the fire, too.

Limited government and less debt (and hence, more freedom for all) is the goal. Those who get in the way - Democrat or Republican, liberal or conservative - need to be held acountable. Constitutional law is the pathway.

That’s the deal.

There would be a third choice if they wanted there to be. The Tea Party has been led right back where they came from- the Republican party. They’re a third party in their minds only. They’re the Republican base- voting against their own interests, as usual. The ‘moment of clarity’ they had when their own party bailed out Wall Street, has been washed away with the usual rallying points- welfare queens and socialism.

It’s too bad, really. For one brief moment they realized how badly they’ve been fooled over the years, but they’re too easily misled for it to have taken hold. Now they’re being fooled again.

“As it stands today, a family that earns $50,000 annually will see a tax increase somewhere in the neighborhood of $180 PER MONTH. ”

This is baloney. I checked the tax tables. This family, assuming they have NO dependent deductions would only pay $430 more per year, but since they wopuld have at least two dependent deductions (husband and wife) their increase would be a whopping $100 per year as there taxable income would remain under $46700 per year.
The before and after tax tables are in wikipedia:

en dot wikipedia dot org /wiki/Jobs_and_Growth_Tax_Relief_Reconciliation_Act_of_2003

“Repeat until we go to a war with China …”

For a hint of what may happen to investment money that has flowed from the US to China in such a war, Wiki-up “ITT Corporation”.

In the Thrities a subsidary of ITT poured a lot of money into the German Focke-Wulf aircraft manufacturer, the maker of, among other things, the FW 190 fighter. The Americans and British spent a lot of young lives in bombing these factories into rubble.

Then came the Sixties and the bought-and-paid-for politicians of ITT passed the War Reparations Act which handed over to ITT a bunch of money to make up for what the Allies did to their factories.

“There would be a third choice if they wanted there to be. The Tea Party has been led right back where they came from- the Republican party. They’re a third party in their minds only.”

What in hell are you talking about? The Tea Party is not and never has been a third party. It’s not even on their agenda. Perhaps one day it will be.

Diogenes’ post is one of the most nauseating partisan pieces of trash I’ve read in quite some time.

The Tea Party is not and never has been a third party. It’s not even on their agenda

Then we agree. They’re the Republican base being led back home by the usual tricks of the Political Class.

“…voted down REPEALING tax breaks for offshoring jobs…”

Yeah, I’m just a little upset.

“But then, people in codependent abusive relationships aren’t very smart that way.”

Good point. How else can one explain why the average wage slave would vote against his own economic interests and cast a ballot for a TeapartyRepublican?

The most hysterical part of it is that the GOP base consists of wage slaves whose standard of living is rapidly declining, and whose jobs are disappearing due to said offshoring. Whoever said that people vote against their economic interests hit the nail on the head. People are STUPID.

How else can one explain why the average wage slave would vote against his own economic interests and cast a ballot for a TeapartyRepublican?

There are lots xplanations, why surrrrrre,… tune in, turn on, get Angry!:

Our Corporate sponsor : MUrDoch’s “TrueProvoker ™” Faux News

If they ever have a TV show called “Washington Elitist Liberals Know Best” I would expect Exeter and Hiway to be Pres and VP of the fan club.

“The most hysterical part of it is that the GOP base consists of wage slaves whose standard of living is rapidly declining, and whose jobs are disappearing due to said offshoring. Whoever said that people vote against their economic interests hit the nail on the head. People are STUPID.”

What’s even more hysterical is those hacks who steer these deluded slaves into voting against their own economic interests don’t believe the very lies they’re paid to propagate.

Sorry - that should read “NOT” part of the political class…”

Here Here to any political party that doesn’t take the bribe of the highest bidder .Enough of Socialism for the rich and
no cops on the beat preventing white collar crime and no reform for the financial casinos and down with Globalism
that’s nothing but a rigged playing field .Walk those culprits
to jail and penalize any entity or person that prospered from
this real estate crime spree. Bust the monopolies that will continue to price fix and come up with meaningful Health
care reform . Jobs for everyone ……I wish

Sometimes slaves can be treated better than other slaves . I want to be the better treated slave .Better distribution of the wealth to the slaves please .

Where did you get this information?

Folks,

CoSpgs4 is lying AGAIN. You’ve heard the President and anyone who is anybody repeatedly state:

10% bracket remains unchanged
25% Bracket remains unchanged
28% Bracket remains unchanged
33% bracket remains unchanged
36% bracket increases to to 39%

Your income taxes will not change unless you earn in excess of $250k/yr ADUSTED GROSS.

Now there isn’t one of you peons, including myself, who earns >250kAGI(which is really $300k+). There isn’t two people combined on the site that earns that.

So ask yourself…. why would a known schlep come here and LIE about the proposed adjustment to the Bush tax cut expirations?

Now if the wealthy elite aren’t going to meet revenue, every last one of us wage slaves will be forced to. It’s really that simple.

CoSpgs4 post is a word for word cut and paste from acorporated funded misinformation bureau. Every last word of it is a myth and has been fully parsed and dispelled by Annenburg/Fact Check.

http://factcheck.org/2010/09/2011-tax-increases/

CoSpgs4, there is no need to lie here.

“Bartlett was executive director of the Joint Economic Committee of Congress and Deputy Assistant Secretary for economic policy at the U.S. Treasury Department. In March he wrote: “Federal taxes are very considerably lower by every measure since Obama became president…. and last year’s stimulus bill, enacted with no Republican support, reduced federal taxes by almost $100 billion in 2009 and another $222 billion this year.””

http://coloradoindependent.com/50655/forbes-tea-partiers-confused-taxes-‘lower-by-every-measure’-under-obama

CoSpgs4 is woefully uninformed, or worse, a habitual liar.

(1) First, to anyone who has bothered to read through what has become a pain-in-the-butt thread, thank you.

(2) Here’s my source relative to January’s upcoming tax hikes/increases/revisions/recalibrations - or whatever the hell you want to call them to assuage certain posters:

http://atr.org/six-months-untilbr-largest-tax-hikes-a5171#

(3) There are numerous other sources that report the same thing. The source I used is Americans for Tax Reform.

(4) I’m not a liar, despite a group of posters desire to paint me (and others of similar view) as such. Sal Alinsky tactics are a drag to deal with, but we all must confront them occasionally. Sad that others resort to such tactics to try to lord over others.

Have a good day.

Habitual liar.

Here’s some more lies, for all to see:

Second Wave: Obamacare

There are over twenty new or higher taxes in Obamacare. Several will first go into effect on January 1, 2011. They include:

Read more: http://atr.org/six-months-untilbr-largest-tax-hikes-a5171##ixzz13t0TP6QE

The Tanning Tax. This went into effect on July 1st of this year. It imposes a new, 10% excise tax on getting a tan at a tanning salon. There is no exemption for tanners making less than $250,000 per year.

The “Medicine Cabinet Tax” Thanks to Obamacare, Americans will no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).

The HSA Withdrawal Tax Hike. This provision of Obamacare increases the additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent.

Brand Name Drug Tax. Starting next year, there will be a multi-billion dollar tax assessment imposed on name-brand drug manufacturers. This tax, like all excise taxes, will raise the price of medicine, hurting everyone.

Economic Substance Doctrine. The IRS is now empowered to disallow perfectly-legal tax deductions and maneuvers merely because it judges that the deduction or action lacks “economic substance.” This is obviously an arbitrary empowerment of IRS agents.

Employer Reporting of Health Insurance Costs on a W-2. This will start for W-2s in the 2011 tax year. While not a tax increase in itself, it makes it very easy for Congress to tax employer-provided healthcare benefits later.

“Americans for Tax Reform” huh? How unassuming. Kind of like “Mom’s for Motherhood” huh?

Folks,

ATR is a corporate funded pro-warfare conduit to shift the tax burden from the corporate elite to me and you by convincing the public to vote against our own economic interests.

ATR is sole source funded by these corporate interests:

R.J. Reynolds
Philip Morris
Tobacco Institute
Scaife Foundations(pro-warfare oil and banking global syndicate)

Above we’ve established the fact that they lie about tax policy(their fundamental goal), here we have another grand lie about insurance reform floated by a known blog liar.

Here is what the non-partisan Annenburg Foundation/FactCheck.org says about CoSpgs4 “SecondWave” lie:

A ‘Wave’ of ‘Obamacare’ Taxes?

“The e-mail describes a “second wave” of tax increases that it says will take effect Jan. 1 under the new health care law. But this “wave” consists of three relatively minor tax changes that affect relatively few people.

We don’t argue for or against any of these three tax increases. We simply point out that, even taken together, they amount to less than $2 billion per year and, therefore, >>>don’t constitute anything close to a “wave” of historically large tax increases taking effect next year.”<<<<

http://factcheck.org/2010/09/2011-tax-increases/

CoSpgs4, your lies and distortions will be met with facts and truth.

Dang. Beat me to it.

CoSpgs4,
I checked and the figures you cited are the same ones being reported by NPR, CBS and the WSJ. I am surprised that no one else here bothered to look. I know a few of the regulars are familiar with the tax code and know better than to let junk stand uncorrected. If Congress does not act, taxes will absolutely go up for everyone that pays them..not just those that make over 250K.

Never mind, it will be here soon enough.

If Congress does not act, taxes will absolutely go up for everyone that pays them..

Of course they will “if congress does not act”. That is not the question. Right?

Obama and the Dems want to keep the tax cuts for those making under 250K but bring them back to former levels for those who make over 250K. Is this hard math?

What are they putting in the water up there?

If cutting taxes for those that make under $250K was what Obama and the Dems wanted, they could have done it before the elections. The Republicans couldn’t stop them but refused to give them bipartisan cover. The Dems were afraid of sticking it to their benefactors.

Geez Rio what are they thinking?…. i could live on 1/10 of that, but then I am cheap and proud of it.

PS I love cheap women….expensive ones are a penny a dozen these days.

“Of course they will “if congress does not act”. That is not the question.”

Rio,
Of course it’s not the question. It’s just the same coward attempting to backpedal when caught in multiple lies. Same coward, different usernames.

Call it whatever pleases YOU scdave, since you always view the world through the lens that pleases you.

It doesn’t matter what you call it. The effect will be the same: smaller paychecks for everyone, brought to us by Obama.

When the Bush tax cuts kicked in years ago I saw no meaningful decrease in my taxes. Wit them expiring I see no meaningful increase coming either.

+1 Rio…

How long have you been out of the United States? A long time, it seems.

Do you know who the “very rich” are in the United States?

How long have you been out of the United States?

The last time since Aug 11. And I spent 4 of the past 12 months in the USA. Both coasts and 9 states. I’ve lived in 6 states (The Mid-west and both coasts) and I’ve have visited 48 states. I was called a “liberal” in the Mid-west and a “conservative” in California. I know my country pretty well.

Do you know who the “very rich” are in the United States?

Yes.

CoSpgs4 - What’s your answer to that question? Who are the very rich?

+1 Rio…Go get-um…

Do you know who the “very rich” are in the United States?

You can find a “few” of ‘em listed here:

Pg 5 / Chapter 2 / Sun Valley / “Snowball” / Warren Buffett

(Hwy got the book fer $1.00 at a library bookstore sale, then found out afterwards that it was “donated” as a “holiday” gift from a Wells Fargo holiday function. I’m sure this would make ol’ Warren smile & further validate that ‘ol Hwy50 got “taken” yet again…)

“CoSpgs4 - What’s your answer to that question? Who are the very rich?”

Excellent question, MightyMike. Thank you for asking.

By and large, the “very rich” are the Political Class. Included among them are politicians, financiers, lawyers, entertainers. Stir in the corrupt CEOs out there (the Ken Lay type).

Not only do the above have money, but they also have the ability/access to coerce.

We know its NOT Cospgs4 or whatever the latest iteration of his name is.

Not only do the above have money, but they also have the ability/access to coerce.

I assume you include Murdoch and the Koch brothers in this group.

Yes. I would include them.

Yes. I would include them.

And you are aware that the Koch brothers are one of the main backers of the Tea Party? And that Murdoch is one of the Tea Party’s biggest cheerleaders?

So if both the Kochs and Murdoch fit your definition of the Political Class, how can you be sure the Tea Party isn’t just a bait-and-switch by the Political Class?

If the Tea Party in any way threatened the Political Class, then why is it supported by them?

Are you sure you aren’t being played for a fool?

Yes, I am aware. As a result, I’m not being played for a fool.

As I’ve said elsewhere, I hope the tea partiers have the ‘nads and the fortitude to soldier on. Further, to reiterate, I’m looking forward to the emergence of a similar group started by Kennedy Democrats.

Incidentally, yours are superb questions here, alpha. I hope that you make such inquiries of other Tea Partiers, too. Please be noble in the questioning, as most partiers are really attempting to drive that which will benefit many. They’re a good lot overall.

maybe.. or maybe it’s pure hog wash and the Post has ulterior motives.

Culture based anxiety. I think that’s the assumption we are supposed to draw from the numbers.

Has such ever been proven to exist? At the least I want to hear a reasonable explanation or the theory behind it. Instead, we are left to our own imaginations..

rio.. according to the article, it’s NOT simply a matter of wealth.

The article has the “low income” category covered.

It specifies that AAs, as a separate category, are disproportionately anxious.
—-

…including the post-World War II housing boom facilitated by the FHA, which excluded black participation, negatively affecting generations to follow.

Well.. If blacks were excluded, there would be fewer black FBs and fewer would be worried..

I am thinking that MORE blacks are FBs in this boom.. that a HIGHER percentage of them borrowed too much.. and that’s why a higher percentage are worried… and it has nothing to do with their race.

I think the Loan peddlers preyed on certain ethic groups during the easy credit boom times ,especially putting these
people into toxic loans that were based on real estate continuing to rise ,not true qualifying .The loan peddlers would talk people into extracting equity because real estate
rising would cover it .

This rah rah real estate always goes up was the premise of all loan and real estate sales pitches .
” Let your house work for you ,you deserve it “, was the common BS sales pitch ,or ,”Just refinance when the payment goes up “, in spite of the fact these people couldn’t even afford the toxic loan they got in the first place .

In the latter years of the real estate wealth creation Ponzi-scheme mania the REIC were seeking out certain ethic groups
to keep the Ponzi- scheme going including 15 dollar a hour Cherry pickers and other people that became willing to become straw buyers with some cash back fraud . It was preying on ignorance of the laws in many cases . Many people would naturally think that
if the bank approved a loan that must mean they know what they are doing ,rather than the fact that it was a total breach of duty by the industry to underwrite loans and prevent fraud while they misrepresented the risk to the
Secondary market on these high risk loans .

We even had a case one time that was posted on this blog in which some loan peddler took advantage of a blind person
and the loan officer changed the loan application and lied to the blind person relying on their verbal lies . The loan peddlers
make the loans conform to what the requirements were and there was a great incentive for this fraud based on the commissions that were being paid .Nobody cared about passing fraud to the Secondary Market ,including the Wall
Street MBS securities makers .Yes many borrowers also went
along with the fraud and signed these bogus
applications ,but thats what happens during a greed mania .

Still, Rio, the largest group of people living in poverty in this country is… whites.

It’s not about skin, but about access to resources and the poor, despite the rhetoric, really don’t have that many opportunities for improving their lives and it becomes less as each decade goes by and more low skill, entry level yet a-step-up-the-ladder jobs go away.

…including the post-World War II housing boom facilitated by the FHA, which excluded black participation, negatively affecting generations to follow.

Well.. If blacks were excluded, there would be fewer black FBs and fewer would be worried..

Participating in the housing boom in the early part of the post WW2 period was a great way to increase household wealth. And that’s the period when blacks were excluded. They were included when it was a great way to go broke- ie the last ten years.

It’s only hard to grasp if you want it to be.

“They were included when it was a great way to go broke- ie the last ten years.

It’s only hard to grasp if you want it to be.”

Surely you are not insinuating there was some kind of secret plot to make black households go broke, under the guise of programs designed to help them gain membership in the Ownership Society? A far more plausible explanation is that this was just one more failed government social engineering exercise which most injured the very group that it was supposed to help.

I was pointing out that blacks were excluded from the long post-war boom in real estate, and were included in the (later) period when it wasn’t such a good investment.

I don’t think this was a long-thought out scheme, it was more an accident of history and prejudice- blacks didn’t achieve equal rights until i was too late for them to invest in the post-war boom, but in time for them to invest in the bust.

‘Social engineering’ was a convenient cover for the banksters to make a bundle providing loans to people who couldn’t afford them. But it fits so well into some people’s understanding of the world that they’ll forever blame the whole bubble on it, even though they can never explain why the bubble occurred in other countries too, some of them lily-white.

Participating in the housing boom in the early part of the post WW2 period was a great way to increase household wealth. And that’s the period when blacks were excluded. They were included when it was a great way to go broke- ie the last ten years.

And the initial exclusion of blacks to the post WWII housing boom was intentional. Whether or not the latter inclusion in a boom/bust was intentional or not, it still was a double kick in the face to people who had already gotten a raw deal.

Racism is alive and well at all economic levels, but the wealthy can act on it.

Believe me. I’ve seen it.

you’ve seen it?
Are your eyes open enough to detect wealthy blacks who discriminate against whites?

Are your eyes open enough to detect wealthy blacks who discriminate against whites?

LOL What a joke.

Sometimes you spout inane, irrelevant and distorted pieces of work.

The discussion is macro, socially consequential and historical.

Your comment is micro and practically meaningless to the greater issue.

rio.. if you’ve got something to contribute to the conversation, spill it.

I’m practically begging for an opposing view with substance. I appreciate sharp, critical, intelligent opposition. I learn and grow from it.

Help me out here.. speak your mind.

rio.. if you’ve got something to contribute to the conversation, spill it.

We already did. Many times. Did you not read?

You just can’t come up with a rational, meaningful counterpoint.

You want to but you can’t. So you babble talking-point inanities.

But feel free to keep floundering.

a counterpoint to racists targeting of minorities?

ok.. how about this one.

Black mortgage brokers targeted black borrowers while Latino mortgage brokers targeted Latino borrowers.

lemme expand on that to include a possible answer to why blacks are disproportionately anxious about their mortgages..
——-

As a white person, I don’t really trust anyone.
Race does not enter into it. One of my doctors is black, my dentist is Chinese.. my attorney is i dunno what.. half something. I pay them lots of money and have faith in their judgment.
Bottom line is I have no reason to trust one particular race more (or less) than I trust another.
—–

But suppose I were black. I’m not black, and this is pure speculation, but if I were, I’d be sensitive to white people taking advantage of people of color. Not all whites, but there’s genuine historical proof behind my prejudice…and I’m justified in being cautious.

—-

How do I, as a black person, feel about being serviced by a black mortgage broker? Well, damn.. I’m sure as hell happy I found one! How can I not trust this guy? We are brothers! How lucky!

Fact is I shouldn’t trust him any more than I’d trust a rattle snake. But due to my justified distrust of whites, I am very inclined to believe the black broker, even if he tells me to borrow way more than I can afford.

That’s the key. I’m automatically inclined towards doing what he suggests.

Might this “affection” between black borrowers and black brokers make it MUCH EASIER to “sell” the customer, and account for a disproportionately large number of blacks becoming FBs?

Crickets Joey.

Crickets Joey.

Maybe because his tired argument of “it’s all the black people’s fault” is bigoted, backwards and boring…….. dude.

..and other minorities,

Of course I’ve heard that accusation, and targeting minorities is probably closer to the answer than is certain cultural proclivities, PB, but what about those other minorities?

Why didn’t the Post specifically mention them?
Why only AAs?

…targeting minorities is probably closer to the answer…

How is that Ownership Society concept working out any more these days?

Do you notice how any group that Uncle Sam singles out to “help” typically ends up totally screwed just a few years after the effort grabs political headlines? This frequently recurring empirical regularity certainly does seem to favor the notion of limited government, playing a role of keeping the playing field level, rather than attempting to discriminate on behalf of some specially favored Americans to the exclusion of others.

All animals are created equal, but some animals are more equal than others.

– George Orwell –

Minority Homeownership

What is your point Professor Bear? Are you blaming most of the housing bubble on minority buying? In the face of:

1. “Wealthy” buyers are walking as fast or faster than the poor.
2. Minority’s homes being foreclosed are in the minority
3. The housing bubble was never “contained” to the sub-prime
4. The housing bust affects rich, middle-class and the poor.

“What is your point Professor Bear? Are you blaming most of the housing bubble on minority buying?”

You totally missed it. Maybe I accidentally clouded your perceptions by accidentally pushing your PC button?

Read the HUD web link posted above and get back to us…

Maybe I accidentally clouded your perceptions by accidentally pushing your PC button?

You clouded my perceptions because you were not clear.

We can’t read every one of your articles that you post in order to figure out what you are trying to say.

Do you notice how any group that Uncle Sam singles out to “help” typically ends up totally screwed just a few years after the effort grabs political headlines?

Like, say the recipients of GI Bill? Boy, didn’t they get screwed.

And Europe really got screwed by the Marshall Plan.

And of course, the blacks really got screwed after Uncle Sam foisted civil rights on them. They were much better off before that.

Wow. You’re right.

But hey! Let’s put those guys back in power!

Right …lets re-distribute the tax burden to the classes that are
least able to afford it so the rich can buy another mansion while they fire a American from a job and outsource that job to
another Country .

repeat
cos, i would not mind paying more in taxes as long as *rich* guys like you pay much more. how about that?

No one’s preventing you from voluntarily writing a check to the Federal Government. They might even send you a free envelope so sending a second check is even easier.

I say go for it. Heck, even if taxes aren’t raised, I still say go for it. Just think of the intrinsic benefits you’ll receive by feeling altruistic!

No one’s preventing you from voluntarily writing a check to the Federal Government.

One of dumbest arguments when discussing macro public policy income-tax issues.

Hard times definitely are in store for Vegas. I expect it will go back to its “roots”: cheap rooms and $5 ribeye steak dinners.

yay, 88 cent steak and eggs!

and legalized prostitution

The next time you trver through Nevada - anywhere in Nevada - take note that whenever you see a cash register you will see at least one slot machine nearby.

Coins given up by the cash registers are taken back by the slot machines.

trver = travel

Also notice that there are concentrations of casinos in all border towns: Vegas and Reno for CA, Wendover for UT, and Jackpot for ID.

LOL…

…and one day the EPA tells you that you must replace the fuel tank in your car. Why? Don’t ask. Just do it. Or else.

and one day Exeters attorney files suit after your tanks leaked into my groundwater because you’re to greedy and cheap to replace them. And you’re dumb enough to ask why?

To deter too many people from asking too many questions, the EPA declared our breath, CO2, a pollutant.

You’ve been warned..

neo.. meaning “new”?

nope..

Retrocon? OGcon? aboriginalcon? relicon?

Neocon is just a label for statist progressive non-democrats. Kind of a douche term now days.

I know they do, but voting against job for Americans pretty well makes it VERY easy to tell who sucks less.

Right ecofeco ,that bills defeat showed some true colors that will be revealed in the future .

Fair enough, though I am not sure Joey’s main point changes: The focus on families tragically facing foreclosure tends to obscure all the well-deserved negative Karma for those who incorrectly believed they would be able to make a killing forever off the housing mania.

Exactly.

As the realtors live in yours.

That’s a witty retort Bile. You really worked on that one. lmao.

It sounds like georgiagirl wants that, easy loan, housing bubble to re-inflate.
The republicans in charge, with a BS mandate, scares the crap outta me. And I’m not a Democrat.

That’s precisely what every lying realtor wants. More graft, fraud and crime.

So you’re saying, then, that open markets and open access elsewhere… outside the medical industry cult of America… yields lower costs and better service for you?

Yep, I think that’s what he saying.

So, you went to an emergency room to get a shot and are complaining about the cost?

Emergency rooms are for emergencies, such as strokes, heart attacks, gunshot wounds to the abdomen. They are designed to be Cadillac facilities, not discounters.

It might behoove you to shop around next time - in advance - to know where to go for what kind of treatment. When I stupidly stuck a paring knife through my hand in 2008, I went to a clinic and paid a modest $102 for numerous stiches, cleaning and a tetanus shot. I paid for that out of pocket because I felt like it.

Compare that $102 to your $962.

Next time, don’t go to the emergency room.

I haven’t got mine yet. Multiple X-rays,
two hours in the ER, several doc’s and aide’s
consulting, BP, O2, pulse, etc., splints,
cotton and padding, etc,. etc. They’ll
probably charge me for the wheelchair trip
out to the car.

To your quick recovery scdave .

“Next time, don’t go to the emergency room.”

A person is in a small explosion and this is what you tell them?

Seriously? No, seriously?

“They’ll probably charge me for the wheelchair trip out to the car.”

They will. Rental. No kidding.

Apples and Oranges.

Burns are nasty. First thing is to chill the skin, either with a cold shower or packing in ice. Shock and infection are the killers here and Dave did the right thing. You need immediate care and evaluation.

In my case, I knew it was a bad one and the
local clinic, basically set up for people who don’t have a primary physician, would have
just sent me over to the hospital for x-rays anyway, so why waste the time.

Wow, sorry to hear about that scdave!

Was said bbq China made?,…or like a label I saw the other day:

“Assembled in Mexico with parts mfg in China”

That’s one of the reasons I don’t like gas grills- explosives, fire, and beer are a bad mix. Electric with wood chips gives the best flavor, never runs out, and you gotta really screw up to get it to explode. Just don’t use it in the rain.

Emergency rooms are for emergencies, such as strokes, heart attacks, gunshot wounds to the abdomen.

and to provide basic and emergency but temporary care to the un-insured whose conditions have greatly worsened due to lack of money and health insurance?

I mean Rush says the poor can “walk into any emergency room for care”

Your dead if you don’t get operated on pretty quickly on a aortic
aneruysm that is beyond a certain size or has popped . Remember John Ritter died at a pretty young age from that .
I had a neighbor who died of that and there wasn’t any time to save him .

It would be interesting to know just how many cases of people
dying yearly are due to a defect in a major artery wall verses a plain old heart attack ,or it would be interesting to see how
many people they actually save by this extra testing . Isn’t part of the job of the medical profession to find out what is wrong
with the patient by a process of elimination by testing ?

True, but the whole concept of rationing hasn’t entered the American Vocabulary for most people. FYI John Ritter was 53, which is a bit different than 32 but hey, if you want every hospital to have 24/7 access to ultrasound for every 30 something with chest wall pain that is fine - just don’t complain about the $10,000 bills for minor suturing. Obviously a medical clinic in a Walmart can only send you to the hospital - they aren’t expected to rule out conditions that require extensive testing. Just because you only need sutures doesn’t mean you aren’t paying to have a ultrasound tech, a radiologist, anesthesiologist etc available.

I am a critical care physician and read lots of complaints about the cost, yet nobody wants less testing when insurance/medicaid/medicare is paying the bill.

Went to emergency to have the doc take a look…Honestly, I was there no more than 15 minutes… Tetanus shot & pain shot…Just got the bill…$962.

There lies the #1 problem about the health cost in USA. Sure insurance companies add overhead and they are mostly bad, but not as bad as the doctors and the hospitals who get away with charging as much as they wish.

mariner 22
I had you figured for a physician when you started talking
about artery defects .I guess your saying that a artery defect
is more rare in a 30 year old complaining of chest pains ,so how can doctors be faulted for not expecting the more rare medical
condition while they are forced into testing everyone to rule it
out .
I don’t know what the answers are and I am torn constantly
about these issues . Top of the line medical care is becoming
more and more expensive every year and the extra testing to avoid lawsuits is part of what has raised the costs .

The private health care system worked for years here in America but it increasing became more corrupt and monopolistic for the last 15 years especially .Even a nurse at the hospital told we she started noticing the big changes
about 15years ago when the Health insurance Companies started controlling the health care given more and more .

In recent years every time seniors got a increase in Social Security the health care increase would take 75% of it .

The new Health care policies are a joke ,high deductibles
more services not covered ,but still a increase in the price of
those junk policies .

Monopolistic Private Health Care Companies already showed
their true colors and they have done so again with their tricky overpriced policies .

I hear ya.

Lousy Rancher…Hope you heal quickly…Jump in that Bus and meet me down in Rancho Mirage this Feb…

Good luck. If you have to have surgery, the extremities of the body are far preferred to the interior parts as operation sites.

I’ll bite. Rancho Mirage in Feb means what?

Stop. Senior moment. South = warmth,
coach = travel, retirement = freedom.

Did I miss anything? laughing

Speaking of bigots…..

Ahhh…but only an anti-commumist bigot.

“I we do. What a price! I we like it! I we ALL like that house price!”

The wheels on the bus go round & round, round & round, round & round…

“I see your offer, and raise it $5,000…”

“I see your raise, and offer $2,500.00 more”

Smirking realtor: “hey folks ummm, geez I just another offer on my iphone alert, wait, …that’s my SIL number?, well I guess she was looking to buy something, anyone here pre-qualified with all cash?

Yours in an interesting concept, except I see it as more a matter of “control” than talent. Here is my take:
As for Doctors, Lawyers and Professors, these are ALL political positions. You can’t get into medical school or law school or college without a “minority status”, of which they always claim, and a “recommendation”. They have large contingents in these areas to get their own buddies into the positions. There are 10’s of thousands of qualified WASP’s for each of these posts that never even get to attend. So B.S.

As for Hollywood Control and Media Control, they bought all this with their control of the Money supply. Hollywood is Jew City. That’s why they hate Mel Gibson. Do you think Larry King has any talent? I don’t. I think he’s a hack, but gets to stay on the air. He’s like Howard Cosell. They are the worlds greatest propagandists and controlling the Media is their preferred method. New York Times, Newsweek, Businessweek, Network Television. They got it and they tell us what to think. Most all the local and national radio hosts are Jews. They control the “information flow”. And all their buddies get in the industry. Here locally we get Todd Schnitt, Michael Savage, Dennis Prager, Michael Medved, and a host of others. ALL Jews. Rush Limbaugh is about the only major host who is not. Perhaps that is why the other media has such hatred for him. Bill Maher, another Jew, is very critical of anything not approaching Socialist dogma.
George Soros. Hungarian Jew. Nearly took down the world financial markets and now runs Left wing socialist groups here in the USA. I think he did it with “inside information”.
Bernie Madoff was Chairman of NASDAQ before he showed how he could really steal. He’s the only one that went to prison, and I think it’s because he targeted other Jews.
As for scientists and philosphers….Einstein ranks high, but I don’t think they have an overwhelming number over other groups of average white guys. Philosophy…..Karl Marx perhaps. Great stuff.
When I turn on the radio and 7 out of 10 commentators are Jewish, I don’t believe it’s talent. I believe it’s control. It just wouldn’t happen by random events. Sorry. This is not Israel. There’s just too many other people who could do the job, but with a different perspective.

Apparently your extensive knowledge of Jewish bankers isn’t matched in other areas. Here’s a quick run-down: More than 50% of US National Academy of Sciences’ mathematics membership is Jewish, Jews have won 38% of all US National Medal of Science awards, Jews have won at least 20% (that’s 1/5) of all Nobel awards given to date - an astounding 100-fold over-representation, 52% of all Pulitzer Prizes for Non-Fiction were awarded to Jews. They excel in many categories besides banking and politics.

Freud, Einstein, Spinoza, Wittgenstein, Jonas Salk are towering figures in their fields.

Ayn Rand, Karl Popper, Karl Marx, Milton Friedman- what’s their unifying theme? Other than being Jewish. Surely they’re not all members of the same conspiracy.

Oops- I forgot Ludwig von Mises was a Jew, too. What’s the unifying theme between him, Marx, and Friedman? That should be interesting.

“…control, not talent…”

Let’s take violinists for a test case:

Schlomo Mintz
Itzak Perlman
Pinchas Zukerman
Isaac Stern
Jascha Heifitz
Yehudi Menuhin
Joshua Bell
Fritz Kreisler
David Oistrakh
Mischa Elman
Nathan Milstein
Joseph Szigeti
Michael Rabin
Oscar Shumsky
Efrem Zimbalist

Aside from ranking among the top 100 violinists of the past century, what do you think the folks on the above list have in common? And do you attribute their success to control, not talent?

If you answered yes to the second question, you are truly an idiot.

You left off Henryk Szeryng, a personal favorite of mine.

And Charlie Daniels?

The ones that build a web out in the open are especially dangerous because they might be crazy or just really stupid… maybe stupid enough to bite you without provocation.

Gold may hit $1600 or $2000 or whatever, but it is clearly on the parabolic explosive part of its trajectory,

It’s interesting that an engineer said this. Here’s a 5 year gold chart.

Where is this “parabolic explosive part of its trajectory”? I don’t see it. It just looks like a solid, run of the mill uptrend.

http://www.kitco.com/charts/popup/au1825nyb.html

‘The thing we (almost everyone) failed to detect was the mania. But that might be impossible.’

OK, I can see I’m wasting my time with you.

I assume you’re denying the mania.

Without question, you know the stone-cold facts… but no matter what they are, how convincing they might be, or how they are presented, people can still ignore you, or maybe they just don’t see it like you do.

When lots of people do that and follow each other off the cliff, it’s a mania.

Considering the enormity of the task, is anyone or any group of people smart enough to have NOT blown it? joey

Considering the simplistic and pro-bank, sycophantic nature of your questions, is there anyone not wondering why you DON’T “get it”?

“I assume you’re denying the mania.”

I assume some bank, be it the Fed or one of the Wall Street Megabanks, is paying you to come on here and make jackass PR posts. Your comments suggest that you would not regularly post here out of any motive aside from greed, which you presume is the primal driving force in the Universe.

Some people just do the right thing because it is the right thing to do — no more nor less. Volunteerism is what makes America tick, Joey, not greed. Get a clue!

“I assume you’re denying the mania.”

Dude — that whacky-tobaccy is not legal yet in California. Can’t you at least hold off until after election day?

“Considering the enormity of the task, is anyone or any group of people smart enough to have NOT blown it?”

I’d put my money on a group of bright folks who are unafraid to speak their minds, most of whom do not have PhD’s in economics, who individually and collectively have no vested interest in denying the existence of a mania.

The open-source economists of HBB!