Monday, March 08, 2010

In Passing

In passing
I found stuff

1) WILL: There you have the premise of this legislation and the core of today's liberalism:
the American people are such dopes they can't be counted upon to buy their own insurance.

2) Program Will Pay Homeowners to Sell at a Loss
Another core.

3) Internet access is 'a fundamental right'
STOP IT!

4) Iowa  governor faces tough reelection as another state sours on incumbents
WaPost means to say "sours on Democrats," but can't quite pull that trigger. Opens with: Republican Terry Branstad's lines have a familiar ring as he campaigns ...

5) Massa Blames Democratic Leaders, Omits Part Where They Used Gun To Make Him First  Democrat in History to Resign  After Being Charged With Wrong Doing.
"Mine is now the deciding vote on the health care bill and this administration and this House leadership have said, quote-unquote, they will stop at nothing to pass this health care bill, and now they’ve gotten rid of me and it will pass. You connect the dots."  
Eric, read this book by Larry Craig.
Boned Jello

6) The ACLU and Human Rights Watch Rally to Holder’s Defense

“Many of us are shocked and concerned that right now, President Obama is considering reversing his attorney general’s decision to try the 9/11 defendants in criminal court.”

7) That Other Government Takeover: What else may go into 'reconciliation?'
Everyone knows Democrats are planning to use the budget reconciliation process to get ObamaCare through the Senate. Less well known is that Democrats are plotting add-ons to that bill to get other liberal priorities enacted—programs that could never attract 60 votes.

8) New in Atlanta
on the I-20 between Turner Field and the Georgia Dome


9) From the “oh dear” files
IRS suspends one of Boston’s ‘Most Highly Regarded’ tax lawyers for 48 months for failing to file tax returns


2 comments:

Anonymous said...

Government to pay under water homeowners to sell? These morons JUST DO NOT GET IT. It is their continual meddling in what's left of our market that has turned home values into the shambles it is today.

Here's a simple plan to turn around real estate; you must allow the market to determine the value of a home. If you live in a home that is worth less then you owe and you want to move, then that's tough.

When the bank accumulates a basket of these homes they can either continue to hold them(they hate that) or sell them and you better believe buyers will show them no mercy, tough again for the banks.

In a normal market, THIS time the banks will be damn sure that the buyer can make the payment and require, as in times of yore, a ~20% down payment.

Cripes almighty, this formula worked for as long as I've been alive-it was only when the csmf dems started fiddling with lenders, forcing them to make crazy loans to get people into homes hey couldn't afford.

This is classic government-eff something up with well intended-"socially just"-laws, come back to the mess years later and pas even more laws that will eff things up even worse.

There's a huge bitter pill yet to be swallowed and we better get to swallowing it rather then more of this bullshit.

The government AGAIN in the late 80s changed the rules of writing off investment real estate and threw the market into the toilet. Property that now didn't have the tax advantages were simply abandoned by their owners resulting in a crash. Especially commercial. It took a few years but those properties found buyers at fair market prices and real estate righted itself...

...until ACORN used a falsified, redlining study in the 90s that allowed Reno and Clinton, using an amped up CRA, to force lenders to make fairy dust loans.

We really need to step back and apply this to our whole country. What in the hell is happening?
MM

Kristophr said...

These homes should be dirt cheap ... too many were built, and too much money was lent to build them.

The bank should be seizing them and selling them at firesale prices to people who actually have money.

Obama is artificially inflating rent payments and new home buys by people who are actually solvent.

My wife and I could easily pay $50,000 cash outright for a McMansion in foreclosure ... if only this dumbass would get the hell out of our lives.

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