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

To: John Chen who wrote (211773)	7/22/2009 2:17:42 PM
From: Galirayo	Read Replies (1) \| Respond to of 306849

Ya can't blame this on just one person ... it's a Freaking Club .. The Good Ole Boys Club .. kinda like at the Top of Snob Hill in San Fran. Fire up a stoggie .. and we'll go into the smokin room .. and let em blow smoke up our Aass Pilsner Beer. >>>>>>>>> Other People's Money By: Melissa Clouthier Have you seen any of those shows that follow up on lottery winners? You know, the ones where the people had been down on their luck, or made repeatedly stupid decisions and then won big by getting lucky? There have also been accounts of people given those Makeover homes, mortgaging them, and then defaulting on the loans. People who come into money without having to work for it tend to respect it less. It seems that the Democrats lead by President Barack Obama believe that the United States Treasury is theirs to loot and misuse. They didn't earn the money, after all, and have no respect for it. At this writing, President Obama's team is withholding the budget deficit numbers: President Barack Obama’s economic forecasts for long-term growth are too optimistic, many economists warn, a miscalculation that would mean budget deficits will be much higher than the administration is now acknowledging. And yet, with the budget deficits soaring, the administration spends and spends and wants to spend some more with the biggest entitlement ever: government run health care. Of this the Wall Street Journal editorializes: We could go on, and we will in coming days. But the most remarkable quality of this health-care exercise is its reckless disregard for economic and fiscal reality. With the economy still far from a healthy recovery, and the federal fisc already nearly $2 trillion in deficit, Democrats want to ram through one of the greatest raids on private income and business in American history. The world is looking on, agog, and wondering why the United States seems intent on jumping off this cliff. But is it really so strange? It's the entitlement mentality writ large. People are careless with other people's money. This weekend the Governors Association aired their concerns: The role of the states in a restructured healthcare system dominated the summer meeting of the National Governors Association here this weekend - with bipartisan animosity voiced against the Obama administration’s plan during a closed-door luncheon Saturday and in a private meeting yesterday afternoon with the secretary of health and human services, Kathleen Sebelius. “I think the governors would all agree that what we don’t want from the federal government is unfunded mandates,’’ said Governor Jim Douglas of Vermont, a Republican who is the group’s incoming chairman. “We can’t have the Congress impose requirements that we are forced to absorb beyond our capacity to do so.’’ Again, it's not like a Senator or Congressman or President Obama has to earn the money for these plans, nor will they participate in any form of government run health care: On Tuesday, the Senate health committee voted 12-11 in favor of a two-page amendment courtesy of Republican Tom Coburn that would require all Members and their staffs to enroll in any new government-run health plan. Yet all Democrats -- with the exceptions of acting chairman Chris Dodd, Barbara Mikulski and Ted Kennedy via proxy -- voted nay. In other words, Sherrod Brown and Sheldon Whitehouse won't themselves join a plan that "will offer benefits that are as good as those available through private insurance plans -- or better," as the Ohio and Rhode Island liberals put it in a recent op-ed. And even a self-described socialist like Vermont's Bernie Sanders, who supports a government-only system, wouldn't sign himself up. This is not so surprising. President Obama makes sure his daughters get the best education, private school, naturally. Why wouldn't he and the rest of the Senators have the best form of health insurance? So the average American will have to pay more in taxes for health care that is below a senator's standards that he doesn't have to pay for. And who knows how bad the bill will actually be? It is being shoved through committee right now. And it's not just health care, American taxpayer commitments surrounding TARP are staggering. From the AP via Don Surber: The watchdog overseeing the federal government financial bailout says the government’s maximum exposure to financial institutions since 2007 could total nearly $24 trillion, or about $80,000 for every American. The whopping amount compiled by the inspector general for the $700 billion Troubled Asset Relief Program takes into account about 50 initiatives and programs set up by the Bush and Obama administrations as well as by the Federal Reserve. Watching Congress and President Obama spend like this brings to mind a toddler destroying a block castle made by his older brother. There seems to be no thought of consequences and no restraint and no thought to future obligations or pain. The irresponsible spending whether it be for TARP or mortgage bailouts or health care or really any government program (including buying pork) belies complete disrespect for the producers in this country and total disregard for consequences. The money being spent is real. And the horrible thing is that there is more economic pain to come. Some of the mortgage buy-backs will delay the inevitable. The housing market seems doomed to crater further. But it's all no big deal. It's other people's suffering just like it's other people's money. >> Yeah .. America has Issues ... it goes with the "So Called Freedom" << americanissuesproject.org Someone Tell them it's not their money .. they are Overstepping their Highest and Best Use. Tell em to take a freaking vacation. A Long One.