Save the middle class! This is our chance.

[UCGal]

Barry Ritholtz over at Big Picture had an interesting thought on European Socialism vs. US Socialism.

http://www.ritholtz.com/blog/2009/05/us-vs-europe-who-is-the-welfare-state/

-Europe has cradle to grave health care plans, generous unemployment benefits, and free or subsidized college costs.

-The US gives away public assets (oil, gas, mineral rights) for pennies on the dollar, has huge subsidies and tax breaks, and bails out reckless speculators.

It turns out that both regions are welfare states — only in Europe, the natural population (i.e., people) is the recipient, while in the US, the corporate population is the beneficiary.

[NotCranky]

This is never going to happen rt.66. I think it would be fun and I am willing to help a concerted effort with my own good fortune in scheming and scamming up cheap shelter that could be shared, but it won’t happen. Besides that my house probably isn’t good enough for you.

“middle class debt slavery” is optional”.This is a huge gift we have in this country at the expense of who? Never mind that. If you are middle class you can do it for yourself.There is no law that says if you are middle class by education and income that you have to have the maximum blood sucking middle class house and associated “usury”. Buy less than you can “afford” with cash or a 30 year mortgage at current rates. Pay it off 10-15-20 years ahead of the amortization schedule. Viola! No more debt slavery and since the thing is so cheap it will be easier to forget how unfair everything is.

I hate the system as much as you do but realize I can’t change it.

http://www.mortgagenewsdaily.com/7112005_Payoff_Mortgage_Amortization_Table.asp

[NotCranky]

This is never going to happen rt.66. I think it would be fun and I am willing to help a concerted effort with my own good fortune in scheming and scamming up cheap shelter that could be shared, but it won’t happen. Besides that my house probably isn’t good enough for you.

“middle class debt slavery” is optional”.This is a huge gift we have in this country at the expense of who? Never mind that. If you are middle class you can do it for yourself.There is no law that says if you are middle class by education and income that you have to have the maximum blood sucking middle class house and associated “usury”. Buy less than you can “afford” with cash or a 30 year mortgage at current rates. Pay it off 10-15-20 years ahead of the amortization schedule. Viola! No more debt slavery and since the thing is so cheap it will be easier to forget how unfair everything is.

I hate the system as much as you do but realize I can’t change it.

http://www.mortgagenewsdaily.com/7112005_Payoff_Mortgage_Amortization_Table.asp

[NotCranky]

This is never going to happen rt.66. I think it would be fun and I am willing to help a concerted effort with my own good fortune in scheming and scamming up cheap shelter that could be shared, but it won’t happen. Besides that my house probably isn’t good enough for you.

“middle class debt slavery” is optional”.This is a huge gift we have in this country at the expense of who? Never mind that. If you are middle class you can do it for yourself.There is no law that says if you are middle class by education and income that you have to have the maximum blood sucking middle class house and associated “usury”. Buy less than you can “afford” with cash or a 30 year mortgage at current rates. Pay it off 10-15-20 years ahead of the amortization schedule. Viola! No more debt slavery and since the thing is so cheap it will be easier to forget how unfair everything is.

I hate the system as much as you do but realize I can’t change it.

http://www.mortgagenewsdaily.com/7112005_Payoff_Mortgage_Amortization_Table.asp

[NotCranky]

This is never going to happen rt.66. I think it would be fun and I am willing to help a concerted effort with my own good fortune in scheming and scamming up cheap shelter that could be shared, but it won’t happen. Besides that my house probably isn’t good enough for you.

“middle class debt slavery” is optional”.This is a huge gift we have in this country at the expense of who? Never mind that. If you are middle class you can do it for yourself.There is no law that says if you are middle class by education and income that you have to have the maximum blood sucking middle class house and associated “usury”. Buy less than you can “afford” with cash or a 30 year mortgage at current rates. Pay it off 10-15-20 years ahead of the amortization schedule. Viola! No more debt slavery and since the thing is so cheap it will be easier to forget how unfair everything is.

I hate the system as much as you do but realize I can’t change it.

http://www.mortgagenewsdaily.com/7112005_Payoff_Mortgage_Amortization_Table.asp

[NotCranky]

This is never going to happen rt.66. I think it would be fun and I am willing to help a concerted effort with my own good fortune in scheming and scamming up cheap shelter that could be shared, but it won’t happen. Besides that my house probably isn’t good enough for you.

“middle class debt slavery” is optional”.This is a huge gift we have in this country at the expense of who? Never mind that. If you are middle class you can do it for yourself.There is no law that says if you are middle class by education and income that you have to have the maximum blood sucking middle class house and associated “usury”. Buy less than you can “afford” with cash or a 30 year mortgage at current rates. Pay it off 10-15-20 years ahead of the amortization schedule. Viola! No more debt slavery and since the thing is so cheap it will be easier to forget how unfair everything is.

I hate the system as much as you do but realize I can’t change it.

http://www.mortgagenewsdaily.com/7112005_Payoff_Mortgage_Amortization_Table.asp

[Arraya]

What’s that matter, r66? You don’t see the wisdom in borrowing 12 trillion at interest to prop up a market above what it’s worth, with quickly deteriorating fundamentals while heavily incentivizing people to buy the overpriced assets and not addressing the fundamentals. You really don’t want to partake in this?

In perception control news:

“So far, there’s nothing pointing to a fundamental turnaround this year, or next, or for that matter as far as the eye can see.” (Krugman blog post from April 1st 2009)

To more recently this:

“There has been a lot of talk lately about green shoots and all that, and there are indeed indications that the economic plunge that began last fall may be leveling off.” (Krugman Op/Ed May 3rd 2009)

What a difference a dinner at the White House can make.

Pundants, all together now, “growth by the end of the year!”

[Arraya]

What’s that matter, r66? You don’t see the wisdom in borrowing 12 trillion at interest to prop up a market above what it’s worth, with quickly deteriorating fundamentals while heavily incentivizing people to buy the overpriced assets and not addressing the fundamentals. You really don’t want to partake in this?

In perception control news:

“So far, there’s nothing pointing to a fundamental turnaround this year, or next, or for that matter as far as the eye can see.” (Krugman blog post from April 1st 2009)

To more recently this:

“There has been a lot of talk lately about green shoots and all that, and there are indeed indications that the economic plunge that began last fall may be leveling off.” (Krugman Op/Ed May 3rd 2009)

What a difference a dinner at the White House can make.

Pundants, all together now, “growth by the end of the year!”

[Arraya]

What’s that matter, r66? You don’t see the wisdom in borrowing 12 trillion at interest to prop up a market above what it’s worth, with quickly deteriorating fundamentals while heavily incentivizing people to buy the overpriced assets and not addressing the fundamentals. You really don’t want to partake in this?

In perception control news:

“So far, there’s nothing pointing to a fundamental turnaround this year, or next, or for that matter as far as the eye can see.” (Krugman blog post from April 1st 2009)

To more recently this:

“There has been a lot of talk lately about green shoots and all that, and there are indeed indications that the economic plunge that began last fall may be leveling off.” (Krugman Op/Ed May 3rd 2009)

What a difference a dinner at the White House can make.

Pundants, all together now, “growth by the end of the year!”

[Arraya]

What’s that matter, r66? You don’t see the wisdom in borrowing 12 trillion at interest to prop up a market above what it’s worth, with quickly deteriorating fundamentals while heavily incentivizing people to buy the overpriced assets and not addressing the fundamentals. You really don’t want to partake in this?

In perception control news:

“So far, there’s nothing pointing to a fundamental turnaround this year, or next, or for that matter as far as the eye can see.” (Krugman blog post from April 1st 2009)

To more recently this:

“There has been a lot of talk lately about green shoots and all that, and there are indeed indications that the economic plunge that began last fall may be leveling off.” (Krugman Op/Ed May 3rd 2009)

What a difference a dinner at the White House can make.

Pundants, all together now, “growth by the end of the year!”

[Arraya]

What’s that matter, r66? You don’t see the wisdom in borrowing 12 trillion at interest to prop up a market above what it’s worth, with quickly deteriorating fundamentals while heavily incentivizing people to buy the overpriced assets and not addressing the fundamentals. You really don’t want to partake in this?

In perception control news:

“So far, there’s nothing pointing to a fundamental turnaround this year, or next, or for that matter as far as the eye can see.” (Krugman blog post from April 1st 2009)

To more recently this:

“There has been a lot of talk lately about green shoots and all that, and there are indeed indications that the economic plunge that began last fall may be leveling off.” (Krugman Op/Ed May 3rd 2009)

What a difference a dinner at the White House can make.

Pundants, all together now, “growth by the end of the year!”

[Bob]

You wanted change ?

When Obama and the democrats are through with you, they will have taken over the real estate industry, the auto industry, the banking industry, and soon to come, the health care industry.

One could see this coming years ago….the republicans lost their way and were taken over by big government politicians who were pawns of the financial industry. But what has occured the last four months is amazing….and dangerous. The amount of government spending that is going on to prop up the banks and the housing industry will cause long term inflation and the devaluation of the dollar. The middle class and seniors will be hurt the most. But hey, you’ll get government run health insurance on the cheap…..just pray that you won’t have to use it.

[Bob]

You wanted change ?

When Obama and the democrats are through with you, they will have taken over the real estate industry, the auto industry, the banking industry, and soon to come, the health care industry.

One could see this coming years ago….the republicans lost their way and were taken over by big government politicians who were pawns of the financial industry. But what has occured the last four months is amazing….and dangerous. The amount of government spending that is going on to prop up the banks and the housing industry will cause long term inflation and the devaluation of the dollar. The middle class and seniors will be hurt the most. But hey, you’ll get government run health insurance on the cheap…..just pray that you won’t have to use it.

[Bob]

You wanted change ?

When Obama and the democrats are through with you, they will have taken over the real estate industry, the auto industry, the banking industry, and soon to come, the health care industry.

One could see this coming years ago….the republicans lost their way and were taken over by big government politicians who were pawns of the financial industry. But what has occured the last four months is amazing….and dangerous. The amount of government spending that is going on to prop up the banks and the housing industry will cause long term inflation and the devaluation of the dollar. The middle class and seniors will be hurt the most. But hey, you’ll get government run health insurance on the cheap…..just pray that you won’t have to use it.

[Bob]

You wanted change ?

When Obama and the democrats are through with you, they will have taken over the real estate industry, the auto industry, the banking industry, and soon to come, the health care industry.

One could see this coming years ago….the republicans lost their way and were taken over by big government politicians who were pawns of the financial industry. But what has occured the last four months is amazing….and dangerous. The amount of government spending that is going on to prop up the banks and the housing industry will cause long term inflation and the devaluation of the dollar. The middle class and seniors will be hurt the most. But hey, you’ll get government run health insurance on the cheap…..just pray that you won’t have to use it.

[Author]

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