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No one has to "marry" anyone else politically; no one has to embrace every tenet or belief that an anti-imperialist ally might hold. You simply have to say: "All of us, regardless of our other views, believe this truth to be self-evident: dismantling the empire will bring immediate and enormous benefits to our nation and to the world."
If in your travels you meet the Buddha, throw him through your tv set.
—Davis Fleetwood
I've found that culture, however useful and important, is neither the foundation nor the ceiling of human experience, even if it is commonly used for walls.
I really consider President and Mrs. Mubarak to be friends of my family. So I hope to see him often here in Egypt and in the United States. —Hillary Clinton
Those attempting to sell houses, or any other products, would watch helplessly as the value of what they own evaporated.
ReplyDeleteHomes in my neighborhood - "Fixer-uppers" that were going for $150,000+ two years ago are now in the $25,000 range - cheaper than a new car!
My house which would have brought over $200,000 then is probably now worth less than $60,000. Not much more than I bought it for in '87.
:mad:
I was torn between whining about you not listening to me when I was begging you to move, and crying because your house has to have taken that huge a hit in this mess. So I sort of did both and neither.
ReplyDeleteOh I was listening, but when the mortgage is almost paid off and two kid$ in high $chool, living paycheck to paycheck, one gets rather stuck.
ReplyDeleteI was trying to tell you that ceasing to pay for all that, getting unstuck with cash from your house, might actually have made life easier. But I never accept children and spouses and relatives as excuses, so you can consider the source....
ReplyDelete:-P
Bluebear2 - same situation here. 15 year fixed mortgage almost done.
ReplyDeleteThe reality is housing prices must come down.
(I don't like it either) It's mathematics, and although the fed the treasury and every bank may be able to HIDE their numbers now, they can't forever, and eventually prime delinquency is going to fucking pop.
(Taken from Karl Denninger)
There has been zero push for accountability and truth throughout the system. Not among our so-called "leaders", not among the bankers, not among the political or economic elite. All are focused on trying to keep the impossible going.
The truth of all of this is trivially easy for you to demonstrate to yourself. Just ask the following questions:
* If you have $100,000 and borrow another $100,000, have you doubled your net worth, or have you actually harmed your economic position, as you will not only have to pay back the $100,000 you borrowed but also interest on that money?
* If you do not own a home, do you want that house to be priced high or low?
* If you want to buy a car, do you want the price on the car to be $20,000 or $40,000?
* If you're buying gasoline do you want it to cost $2 or $5 a gallon?
* Are you better off with zero credit card debt, $2,000 in credit card debt or $20,000 in credit card debt?
* How did we actually nominate a man for President of the United States (he lost by the way) who declared publicly that he had one half million dollars in credit card debt and couldn't tell a reporter how many houses he owned?
* How did we have a bill, the EESA/TARP that obligated citizens to pay $700 billion in taxes that we do not have (that is, to put us all in debt by another $700 billion), that was opposed from 100:1 to 300:1 in calls, faxes and letters to Congress, was passed over those objections with an election less than a month away, and we the people then returned 90% of those who voted "Yes" and stood for re-election to office?
~phil
oh my the bad air
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