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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (406387)	8/14/2008 11:10:07 AM
From: michael97123	Read Replies (2) \| Respond to of 1574500

I think folks overstate the importance of foreclosures as it affects the economy. I dont want to appear heartless but here are my reasons. 1. Folks who are foreclosed on were in way over their head with their mortgage. What happens in foreclosure? Family leaves home and rents somewhere for far less. Or if they have family with money they can pick up something for a lot less and pay rent to family member owner. Although they lose their credit and perhaps go into bankrupcy, they actually have more real spending power. Its not a great situation but economically its not as bad as doom and gloomers make it out to be. 2. Foreclosures drive down prices. Sure supply and demand work but there is demand building and within a year prices will turn up again. Some housing developments will go rental and some will be plowed back into farmland. Thats where its really bad but in most communities not that bad at all. Worst hit areas are vegas, ca and Fl. 3. Oil is the much bigger issue and now that oil is in a bear (i hope) more money in consumer pockets, especially if they continue to drive less and thus spend less for gas. Things have a way of balancing out over time.

To: tejek who wrote (406387)	8/14/2008 11:18:32 AM
From: michael97123	Read Replies (2) \| Respond to of 1574500

Goolsby talking obamaanomics in WSJ and on CNBC. If thats obama policy i can vote for him. Moderate rise in top rates and on dividends and cap gains to 20%. No changes in FICA for 12 years as we prepare for new plan that talks to both the future of SS and regressive payroll tax. Thats where the donut is but its 12 years off and subject to bipartisan commmission compromise. Death tax continues as is today with cost of living increase in exemption. No end to death tax but we dont go back to death tax circa 2002. Middle class tax cuts while keeping overall taxes at reagan rate, albeit probably the top of the reagan rates over his 8 years. Not bad at all. Now if we could only get a coherent foreign policy from the guy, that would be great. Plenty of time for that. Anyone think bill bradley would help obama on economics, taxes and foreign policy. Guy is real bright but real boring. Obama/bradley would be DC 2 on 2 champs. Dollar Bill can still play.