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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: stomper who wrote (162906)11/8/2008 5:56:00 PM
From: patron_anejo_por_favorRead Replies (4) | Respond to of 306849
 
>>the bailouts are just trying to get the Ponzi credit scheme participants back to par. No way in hell is J6P going to get a five figure stimulus. That kind of bailout is saved for the play-ahz.<<

Oh? Let's look at this a bit differently. It's April, 2010, and Clowngress miraculously decided to show restraint with, say 'only' 3 more rounds of $600 bux of stimulus, plus infrastructure stimulus bill. Meantime, mortgages reset again, a new and larger round of foreclusures is working through the belly of the snake, unemployment is now 9.5% and we've had 9 consecutive quarters of negative GDP growth. And the House is all up for reelection in 6 months. (Inflation's also at 7%, but nobody cares). Yer Nancy Pelosi, it's time to make up the budget. You call for stimulus of 20K, to be paid in 2 installments. Whose gonna stop you? Harry Reid? Barney Frank? Oddodd? Al Franken (OK, that one's there for comic relief). Barack? The First Labradoodle?

None of the above? Ding ding, we have a winner!