The View From Inside a Depression

[Hobie]

Brian, Brian, Brian. I’m amused at your attempt to get the real estate guys riled up. But you are flat wrong to think that more government support will help the economy.

Pick up a book on economics, Thomas Sowell has some good fast reads. You will learn that government spending is simply someone else deciding how to your money should be spent. Is the government so much smarter that the populace? If you agree with this premise that you wish for a socialist system, which incidentally, never flourish in the long run. Read that econ book.

Our nation was founded upon personal independence and drive to succeed. Let the free market prevail and everyone benifits.

Lets take a look at our upcoming Xmas shopping season and the early winter cold upon the midwest and east. You will have to agree that without jobs it’s going to be a hardship for those families to heat their homes and shop for gifts.

So if the government really wanted to help them, they could relax the government roadblocks to allowing cheaper energy. Drilling, nuclear, etc. That alone would put more money in everyone’s pocket that they would then spend thus growing the economy.

Just redistributing wealth through social programs is much akin to giving you kid an allowance. It doesn’t motivate him to find a way to earn more.

Enough for now.

[ucodegen]

He keeps thinking inflation is right around the corner. He worries about the rise of Hitler.

Sounds like the extreme Republicans. Obama as Hitler? That’s laughable.

Someone forgot history. Compare the years of Adolf Hitler’s rise to power with the Great Depression.

Great Depression October 29, 1929 to late 1930s,early 1940s.
Hitler;
joined Nazi Party 1919
Leader of National Socialist German Workers Party 1921
Coup Attempt 1923
Chancellor of Germany 1933
Rearmament of Germany followed by invading Poland 1939.

There is no association being made. Many people were getting concerned about Adolf Hitler’s rise to power during the Great Depression.

I think that deflation is still in the cards. Look at food prices and airline tickets.

Inflation is still some time away.

Could be. Many people forget that part of inflation is tied to the price in housing. If people see their house going up in value, many will re-fi with equity out and then spend that money. If house prices are not going up.. then this inflationary behavior does not occur.

I would love for Obama to turn off the spigot immediately. That will cause a crash that would allow those of us with wherewithal to profit.

It depends upon which spigot. If the TARP was not done, all credit would have dried up.. including corporate revolving lines of credit. Corporate lines of credit are used to handle payroll and other expenses and to smooth out the bursty nature of sales in the corporate world.

But I understand that for the economy’s sake more government support is needed. But still, that pisses me off because it’s allowing those smug real estate people to hang on.

Personally, I would really like to see the RE speculators get ‘fried’. Unfortunately this economy is all tied together. One thing that would really reduce the speculation is for the Capital Gains exemption on Real Estate to be removed. I would love to have Capital Gains exemption on any stock held more than 2 years.. but I don’t. Why is RE an exemption? The second would be requiring down payments when buying a property. This would be similar to margin requirements that were phased in by the SEC after the Great Depression. I would also like to see broker licensing and regulation (for both RE and Mortgage) along the lines of regulations that the SEC added to stock broker dealers. Presently, I don’t think there is any regulation that prevents a re-agent from inserting an intermediary buyer between the real seller of a property and the real buyer the broker is supposed to represent. There is for stock and commodity investments and violating that rule can get you banned for life.

[ucodegen]

He keeps thinking inflation is right around the corner. He worries about the rise of Hitler.

Sounds like the extreme Republicans. Obama as Hitler? That’s laughable.

Someone forgot history. Compare the years of Adolf Hitler’s rise to power with the Great Depression.

Great Depression October 29, 1929 to late 1930s,early 1940s.
Hitler;
joined Nazi Party 1919
Leader of National Socialist German Workers Party 1921
Coup Attempt 1923
Chancellor of Germany 1933
Rearmament of Germany followed by invading Poland 1939.

There is no association being made. Many people were getting concerned about Adolf Hitler’s rise to power during the Great Depression.

I think that deflation is still in the cards. Look at food prices and airline tickets.

Inflation is still some time away.

Could be. Many people forget that part of inflation is tied to the price in housing. If people see their house going up in value, many will re-fi with equity out and then spend that money. If house prices are not going up.. then this inflationary behavior does not occur.

I would love for Obama to turn off the spigot immediately. That will cause a crash that would allow those of us with wherewithal to profit.

It depends upon which spigot. If the TARP was not done, all credit would have dried up.. including corporate revolving lines of credit. Corporate lines of credit are used to handle payroll and other expenses and to smooth out the bursty nature of sales in the corporate world.

But I understand that for the economy’s sake more government support is needed. But still, that pisses me off because it’s allowing those smug real estate people to hang on.

Personally, I would really like to see the RE speculators get ‘fried’. Unfortunately this economy is all tied together. One thing that would really reduce the speculation is for the Capital Gains exemption on Real Estate to be removed. I would love to have Capital Gains exemption on any stock held more than 2 years.. but I don’t. Why is RE an exemption? The second would be requiring down payments when buying a property. This would be similar to margin requirements that were phased in by the SEC after the Great Depression. I would also like to see broker licensing and regulation (for both RE and Mortgage) along the lines of regulations that the SEC added to stock broker dealers. Presently, I don’t think there is any regulation that prevents a re-agent from inserting an intermediary buyer between the real seller of a property and the real buyer the broker is supposed to represent. There is for stock and commodity investments and violating that rule can get you banned for life.

[ucodegen]

He keeps thinking inflation is right around the corner. He worries about the rise of Hitler.

Sounds like the extreme Republicans. Obama as Hitler? That’s laughable.

Someone forgot history. Compare the years of Adolf Hitler’s rise to power with the Great Depression.

Great Depression October 29, 1929 to late 1930s,early 1940s.
Hitler;
joined Nazi Party 1919
Leader of National Socialist German Workers Party 1921
Coup Attempt 1923
Chancellor of Germany 1933
Rearmament of Germany followed by invading Poland 1939.

There is no association being made. Many people were getting concerned about Adolf Hitler’s rise to power during the Great Depression.

I think that deflation is still in the cards. Look at food prices and airline tickets.

Inflation is still some time away.

Could be. Many people forget that part of inflation is tied to the price in housing. If people see their house going up in value, many will re-fi with equity out and then spend that money. If house prices are not going up.. then this inflationary behavior does not occur.

I would love for Obama to turn off the spigot immediately. That will cause a crash that would allow those of us with wherewithal to profit.

It depends upon which spigot. If the TARP was not done, all credit would have dried up.. including corporate revolving lines of credit. Corporate lines of credit are used to handle payroll and other expenses and to smooth out the bursty nature of sales in the corporate world.

But I understand that for the economy’s sake more government support is needed. But still, that pisses me off because it’s allowing those smug real estate people to hang on.

Personally, I would really like to see the RE speculators get ‘fried’. Unfortunately this economy is all tied together. One thing that would really reduce the speculation is for the Capital Gains exemption on Real Estate to be removed. I would love to have Capital Gains exemption on any stock held more than 2 years.. but I don’t. Why is RE an exemption? The second would be requiring down payments when buying a property. This would be similar to margin requirements that were phased in by the SEC after the Great Depression. I would also like to see broker licensing and regulation (for both RE and Mortgage) along the lines of regulations that the SEC added to stock broker dealers. Presently, I don’t think there is any regulation that prevents a re-agent from inserting an intermediary buyer between the real seller of a property and the real buyer the broker is supposed to represent. There is for stock and commodity investments and violating that rule can get you banned for life.

[ucodegen]

He keeps thinking inflation is right around the corner. He worries about the rise of Hitler.

Sounds like the extreme Republicans. Obama as Hitler? That’s laughable.

Someone forgot history. Compare the years of Adolf Hitler’s rise to power with the Great Depression.

Great Depression October 29, 1929 to late 1930s,early 1940s.
Hitler;
joined Nazi Party 1919
Leader of National Socialist German Workers Party 1921
Coup Attempt 1923
Chancellor of Germany 1933
Rearmament of Germany followed by invading Poland 1939.

There is no association being made. Many people were getting concerned about Adolf Hitler’s rise to power during the Great Depression.

I think that deflation is still in the cards. Look at food prices and airline tickets.

Inflation is still some time away.

Could be. Many people forget that part of inflation is tied to the price in housing. If people see their house going up in value, many will re-fi with equity out and then spend that money. If house prices are not going up.. then this inflationary behavior does not occur.

I would love for Obama to turn off the spigot immediately. That will cause a crash that would allow those of us with wherewithal to profit.

It depends upon which spigot. If the TARP was not done, all credit would have dried up.. including corporate revolving lines of credit. Corporate lines of credit are used to handle payroll and other expenses and to smooth out the bursty nature of sales in the corporate world.

But I understand that for the economy’s sake more government support is needed. But still, that pisses me off because it’s allowing those smug real estate people to hang on.

Personally, I would really like to see the RE speculators get ‘fried’. Unfortunately this economy is all tied together. One thing that would really reduce the speculation is for the Capital Gains exemption on Real Estate to be removed. I would love to have Capital Gains exemption on any stock held more than 2 years.. but I don’t. Why is RE an exemption? The second would be requiring down payments when buying a property. This would be similar to margin requirements that were phased in by the SEC after the Great Depression. I would also like to see broker licensing and regulation (for both RE and Mortgage) along the lines of regulations that the SEC added to stock broker dealers. Presently, I don’t think there is any regulation that prevents a re-agent from inserting an intermediary buyer between the real seller of a property and the real buyer the broker is supposed to represent. There is for stock and commodity investments and violating that rule can get you banned for life.

[ucodegen]

He keeps thinking inflation is right around the corner. He worries about the rise of Hitler.

Sounds like the extreme Republicans. Obama as Hitler? That’s laughable.

Someone forgot history. Compare the years of Adolf Hitler’s rise to power with the Great Depression.

Great Depression October 29, 1929 to late 1930s,early 1940s.
Hitler;
joined Nazi Party 1919
Leader of National Socialist German Workers Party 1921
Coup Attempt 1923
Chancellor of Germany 1933
Rearmament of Germany followed by invading Poland 1939.

There is no association being made. Many people were getting concerned about Adolf Hitler’s rise to power during the Great Depression.

I think that deflation is still in the cards. Look at food prices and airline tickets.

Inflation is still some time away.

Could be. Many people forget that part of inflation is tied to the price in housing. If people see their house going up in value, many will re-fi with equity out and then spend that money. If house prices are not going up.. then this inflationary behavior does not occur.

I would love for Obama to turn off the spigot immediately. That will cause a crash that would allow those of us with wherewithal to profit.

It depends upon which spigot. If the TARP was not done, all credit would have dried up.. including corporate revolving lines of credit. Corporate lines of credit are used to handle payroll and other expenses and to smooth out the bursty nature of sales in the corporate world.

But I understand that for the economy’s sake more government support is needed. But still, that pisses me off because it’s allowing those smug real estate people to hang on.

Personally, I would really like to see the RE speculators get ‘fried’. Unfortunately this economy is all tied together. One thing that would really reduce the speculation is for the Capital Gains exemption on Real Estate to be removed. I would love to have Capital Gains exemption on any stock held more than 2 years.. but I don’t. Why is RE an exemption? The second would be requiring down payments when buying a property. This would be similar to margin requirements that were phased in by the SEC after the Great Depression. I would also like to see broker licensing and regulation (for both RE and Mortgage) along the lines of regulations that the SEC added to stock broker dealers. Presently, I don’t think there is any regulation that prevents a re-agent from inserting an intermediary buyer between the real seller of a property and the real buyer the broker is supposed to represent. There is for stock and commodity investments and violating that rule can get you banned for life.

[briansd1]

[quote=Hobie]Brian, Brian, Brian. I’m amused at your attempt to get the real estate guys riled up. But you are flat wrong to think that more government support will help the economy.
[/quote]

Just read the post from the real estate bulls or somewhat optimistic folks here.

Everyone agrees that government support is what kept real estate from crashing.

Nobody is arguing that the market is rebounding on its own.

[quote=Hobie]
So if the government really wanted to help them, they could relax the government roadblocks to allowing cheaper energy. Drilling, nuclear, etc. That alone would put more money in everyone’s pocket that they would then spend thus growing the economy.
[/quote]

For the long term, you are right.

But collapsing government spending during a recession is asking for trouble.

Immediately, if you expand government spending during the recession, that money has got to go somewhere. I would rather the money went into the pockets of those who need it most and will spend it fastest than in the pockets of those who will horde it and speculate.

I would rather WalMart sales go up, thanks to spending at the lower socio-economic levels, than stocks markets increase because the banks have to park their bailout money somewhere.

[briansd1]

[quote=Hobie]Brian, Brian, Brian. I’m amused at your attempt to get the real estate guys riled up. But you are flat wrong to think that more government support will help the economy.
[/quote]

Just read the post from the real estate bulls or somewhat optimistic folks here.

Everyone agrees that government support is what kept real estate from crashing.

Nobody is arguing that the market is rebounding on its own.

[quote=Hobie]
So if the government really wanted to help them, they could relax the government roadblocks to allowing cheaper energy. Drilling, nuclear, etc. That alone would put more money in everyone’s pocket that they would then spend thus growing the economy.
[/quote]

For the long term, you are right.

But collapsing government spending during a recession is asking for trouble.

Immediately, if you expand government spending during the recession, that money has got to go somewhere. I would rather the money went into the pockets of those who need it most and will spend it fastest than in the pockets of those who will horde it and speculate.

I would rather WalMart sales go up, thanks to spending at the lower socio-economic levels, than stocks markets increase because the banks have to park their bailout money somewhere.

[briansd1]

[quote=Hobie]Brian, Brian, Brian. I’m amused at your attempt to get the real estate guys riled up. But you are flat wrong to think that more government support will help the economy.
[/quote]

Just read the post from the real estate bulls or somewhat optimistic folks here.

Everyone agrees that government support is what kept real estate from crashing.

Nobody is arguing that the market is rebounding on its own.

[quote=Hobie]
So if the government really wanted to help them, they could relax the government roadblocks to allowing cheaper energy. Drilling, nuclear, etc. That alone would put more money in everyone’s pocket that they would then spend thus growing the economy.
[/quote]

For the long term, you are right.

But collapsing government spending during a recession is asking for trouble.

Immediately, if you expand government spending during the recession, that money has got to go somewhere. I would rather the money went into the pockets of those who need it most and will spend it fastest than in the pockets of those who will horde it and speculate.

I would rather WalMart sales go up, thanks to spending at the lower socio-economic levels, than stocks markets increase because the banks have to park their bailout money somewhere.

[briansd1]

[quote=Hobie]Brian, Brian, Brian. I’m amused at your attempt to get the real estate guys riled up. But you are flat wrong to think that more government support will help the economy.
[/quote]

Just read the post from the real estate bulls or somewhat optimistic folks here.

Everyone agrees that government support is what kept real estate from crashing.

Nobody is arguing that the market is rebounding on its own.

[quote=Hobie]
So if the government really wanted to help them, they could relax the government roadblocks to allowing cheaper energy. Drilling, nuclear, etc. That alone would put more money in everyone’s pocket that they would then spend thus growing the economy.
[/quote]

For the long term, you are right.

But collapsing government spending during a recession is asking for trouble.

Immediately, if you expand government spending during the recession, that money has got to go somewhere. I would rather the money went into the pockets of those who need it most and will spend it fastest than in the pockets of those who will horde it and speculate.

I would rather WalMart sales go up, thanks to spending at the lower socio-economic levels, than stocks markets increase because the banks have to park their bailout money somewhere.

[briansd1]

[quote=Hobie]Brian, Brian, Brian. I’m amused at your attempt to get the real estate guys riled up. But you are flat wrong to think that more government support will help the economy.
[/quote]

Just read the post from the real estate bulls or somewhat optimistic folks here.

Everyone agrees that government support is what kept real estate from crashing.

Nobody is arguing that the market is rebounding on its own.

[quote=Hobie]
So if the government really wanted to help them, they could relax the government roadblocks to allowing cheaper energy. Drilling, nuclear, etc. That alone would put more money in everyone’s pocket that they would then spend thus growing the economy.
[/quote]

For the long term, you are right.

But collapsing government spending during a recession is asking for trouble.

Immediately, if you expand government spending during the recession, that money has got to go somewhere. I would rather the money went into the pockets of those who need it most and will spend it fastest than in the pockets of those who will horde it and speculate.

I would rather WalMart sales go up, thanks to spending at the lower socio-economic levels, than stocks markets increase because the banks have to park their bailout money somewhere.

[Arraya]

[quote=Hobie]Brian, Brian, Brian. I’m amused at your attempt to get the real estate guys riled up. But you are flat wrong to think that more government support will help the economy.

Pick up a book on economics, Thomas Sowell has some good fast reads. You will learn that government spending is simply someone else deciding how to your money should be spent. Is the government so much smarter that the populace? If you agree with this premise that you wish for a socialist system, which incidentally, never flourish in the long run. Read that econ book.

Our nation was founded upon personal independence and drive to succeed. Let the free market prevail and everyone benifits.

Lets take a look at our upcoming Xmas shopping season and the early winter cold upon the midwest and east. You will have to agree that without jobs it’s going to be a hardship for those families to heat their homes and shop for gifts.

So if the government really wanted to help them, they could relax the government roadblocks to allowing cheaper energy. Drilling, nuclear, etc. That alone would put more money in everyone’s pocket that they would then spend thus growing the economy.

Just redistributing wealth through social programs is much akin to giving you kid an allowance. It doesn’t motivate him to find a way to earn more.

Enough for now.[/quote]

This post is not even relevant to the government/Fed stimulus. This one big right-wing radio talking point.

What specifically is wrong with what the Federal Reserve is doing, which is a privately controlled entity.

If you are going to talk about what is wrong with economic recovery plans, which is basically monetary policy. At least show that you understand what is being done.

The government spending outside of direct federal reserve money is <7% of stimulus money AND only 10% of that has been spent.

So your whole premise falls flat on it's face.

[Arraya]

[quote=Hobie]Brian, Brian, Brian. I’m amused at your attempt to get the real estate guys riled up. But you are flat wrong to think that more government support will help the economy.

Pick up a book on economics, Thomas Sowell has some good fast reads. You will learn that government spending is simply someone else deciding how to your money should be spent. Is the government so much smarter that the populace? If you agree with this premise that you wish for a socialist system, which incidentally, never flourish in the long run. Read that econ book.

Our nation was founded upon personal independence and drive to succeed. Let the free market prevail and everyone benifits.

Lets take a look at our upcoming Xmas shopping season and the early winter cold upon the midwest and east. You will have to agree that without jobs it’s going to be a hardship for those families to heat their homes and shop for gifts.

So if the government really wanted to help them, they could relax the government roadblocks to allowing cheaper energy. Drilling, nuclear, etc. That alone would put more money in everyone’s pocket that they would then spend thus growing the economy.

Just redistributing wealth through social programs is much akin to giving you kid an allowance. It doesn’t motivate him to find a way to earn more.

Enough for now.[/quote]

This post is not even relevant to the government/Fed stimulus. This one big right-wing radio talking point.

What specifically is wrong with what the Federal Reserve is doing, which is a privately controlled entity.

If you are going to talk about what is wrong with economic recovery plans, which is basically monetary policy. At least show that you understand what is being done.

The government spending outside of direct federal reserve money is <7% of stimulus money AND only 10% of that has been spent.

So your whole premise falls flat on it's face.

[Arraya]

[quote=Hobie]Brian, Brian, Brian. I’m amused at your attempt to get the real estate guys riled up. But you are flat wrong to think that more government support will help the economy.

Pick up a book on economics, Thomas Sowell has some good fast reads. You will learn that government spending is simply someone else deciding how to your money should be spent. Is the government so much smarter that the populace? If you agree with this premise that you wish for a socialist system, which incidentally, never flourish in the long run. Read that econ book.

Our nation was founded upon personal independence and drive to succeed. Let the free market prevail and everyone benifits.

Lets take a look at our upcoming Xmas shopping season and the early winter cold upon the midwest and east. You will have to agree that without jobs it’s going to be a hardship for those families to heat their homes and shop for gifts.

So if the government really wanted to help them, they could relax the government roadblocks to allowing cheaper energy. Drilling, nuclear, etc. That alone would put more money in everyone’s pocket that they would then spend thus growing the economy.

Just redistributing wealth through social programs is much akin to giving you kid an allowance. It doesn’t motivate him to find a way to earn more.

Enough for now.[/quote]

This post is not even relevant to the government/Fed stimulus. This one big right-wing radio talking point.

What specifically is wrong with what the Federal Reserve is doing, which is a privately controlled entity.

If you are going to talk about what is wrong with economic recovery plans, which is basically monetary policy. At least show that you understand what is being done.

The government spending outside of direct federal reserve money is <7% of stimulus money AND only 10% of that has been spent.

So your whole premise falls flat on it's face.

[Arraya]

[quote=Hobie]Brian, Brian, Brian. I’m amused at your attempt to get the real estate guys riled up. But you are flat wrong to think that more government support will help the economy.

Pick up a book on economics, Thomas Sowell has some good fast reads. You will learn that government spending is simply someone else deciding how to your money should be spent. Is the government so much smarter that the populace? If you agree with this premise that you wish for a socialist system, which incidentally, never flourish in the long run. Read that econ book.

Our nation was founded upon personal independence and drive to succeed. Let the free market prevail and everyone benifits.

Lets take a look at our upcoming Xmas shopping season and the early winter cold upon the midwest and east. You will have to agree that without jobs it’s going to be a hardship for those families to heat their homes and shop for gifts.

So if the government really wanted to help them, they could relax the government roadblocks to allowing cheaper energy. Drilling, nuclear, etc. That alone would put more money in everyone’s pocket that they would then spend thus growing the economy.

Just redistributing wealth through social programs is much akin to giving you kid an allowance. It doesn’t motivate him to find a way to earn more.

Enough for now.[/quote]

This post is not even relevant to the government/Fed stimulus. This one big right-wing radio talking point.

What specifically is wrong with what the Federal Reserve is doing, which is a privately controlled entity.

If you are going to talk about what is wrong with economic recovery plans, which is basically monetary policy. At least show that you understand what is being done.

The government spending outside of direct federal reserve money is <7% of stimulus money AND only 10% of that has been spent.

So your whole premise falls flat on it's face.

[Author]

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