The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: mishedlo who wrote (37519)	8/11/2005 9:47:20 AM
From: shades	Read Replies (1) of 306849

Mish become your own critic, say you are a republican wanting to keep your power, what could you possibly do for short term political gain to make sure the sheeple don't feel any short term pain? You could inflate your sheeple out of thier debt no? This was the solution of the past. Their house price will never go down - but as greenspan said - some time in the future the global purchasing power of the dollar would not be much. The republicans are going to do everything they can to make sure thier kudlow and bush supply side economics and tax cuts make people feel better no? So what could they do to make sure that 1.4 million dollar house never drops to 700K in price? For if that happened, I fear many people would be very mad and make sure they never vote for the guys that got them in that mess ever again. As a republican seeking re-election - what do you care of international peace, what do you care of chinese dollar horders, what do you care even of future voters, your only goal is to get voted back into office the next term - nothing else matters. If you let everything come apart and houses go from 1.4 to 700K in a short time, you would lose all your political power probably for the rest of your lifetime. It would be like the folks in ga who voted democrat election after election just out of pure spite for actions of the other political party in the past. Make me understand why you think career politicians will allow this to happen? If you have to blow up the world, destroy the economic future of the country, collapse the global purchasing power of the dollar, but you get voted in next session and keep your job - which goal do you think they will work for? Your scenario requires total political destruction of the elephants - they won't be able to pin this one on the donkeys. What am I missing?

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