Friday, December 19, 2008
Call me cuckoo if you want
Why are Democrats so bent on seeing Al Franken become a Senator? This recount up in Minnesota is a joke. If you want to win an election run a good candidate and get your voters to the polls-raise the dead like they do in Chicago if you have to but this trying to steal an election after it is over is just plain dumb. And all this for Al Franken, who if seated as a Senator is bound to embarrass his party! What is so darn important that Franken win this seat?
Thursday, December 18, 2008
Economists
Martin Feldstein pisses me off! He keeps talking about solving the falling house price problem and the foreclosure problem. The problem is this: we have too much debt in the world that can not be serviced. Lowering interest rates may help but the ultimate remedy is that this debt will default and the owners of that debt will take some losses and learn a lesson. The housing prices and the foreclosure activity are symptoms of this larger problem we face. And with people with credentials like Feldstein go out and talk about "fixing" these problems they are hurting more than helping because they give a lot of people a reason for optimism that has little basis in reality.
Of course I am not a Harvard Professor of Economics so what do I know?
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Tuesday, December 16, 2008
Harry Reid
Yea Harry stop foreclosures for 90 days so everyone can "catch their breath and refinance these illiquid assets..." You can give a lot of these folks a year and they are still going to be foreclosed! A lot of these folks can't afford the house they bought at half the payment.
Sent from my Verizon Wireless BlackBerry
Sent from my Verizon Wireless BlackBerry
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