[patientrenter]

[quote=deadzone]That’s bullcrap patient, these bailouts have nothing to do with making people (i.e.voters) happy. 3/4 of Americans are not homeowners, not sure where you got that stat. The majority of American’s are against bailing out homeowners. Nearly 40% of Americans are renters, do you think the bailout is making them happy? What about homeowners who either own their homes outright or nearly outright? Are they happy?

Don’t kid yourself, Its all about saving the banks and financial industry. The U.S. economy has no real foundation outside of loaning money to each other to buy crap. If/when the financial industry implodes, the U.S. is done. [/quote]

deadzone:

1. Check my post. I didn’t claim that 3/4 of Americans are homeowners. [Hint, check for the word “voters” in my post.]

2. Yes, people may rail against bailouts. But let’s take a reality check here. Many of those people want their own home’s price to be higher, not lower. That is true whether they have a mortgage or not. If you want something for yourself, it can lead you into turning a blind eye to what it takes to get it.

[patientrenter]

[quote=deadzone]That’s bullcrap patient, these bailouts have nothing to do with making people (i.e.voters) happy. 3/4 of Americans are not homeowners, not sure where you got that stat. The majority of American’s are against bailing out homeowners. Nearly 40% of Americans are renters, do you think the bailout is making them happy? What about homeowners who either own their homes outright or nearly outright? Are they happy?

Don’t kid yourself, Its all about saving the banks and financial industry. The U.S. economy has no real foundation outside of loaning money to each other to buy crap. If/when the financial industry implodes, the U.S. is done. [/quote]

deadzone:

1. Check my post. I didn’t claim that 3/4 of Americans are homeowners. [Hint, check for the word “voters” in my post.]

2. Yes, people may rail against bailouts. But let’s take a reality check here. Many of those people want their own home’s price to be higher, not lower. That is true whether they have a mortgage or not. If you want something for yourself, it can lead you into turning a blind eye to what it takes to get it.

[patientrenter]

[quote=deadzone]That’s bullcrap patient, these bailouts have nothing to do with making people (i.e.voters) happy. 3/4 of Americans are not homeowners, not sure where you got that stat. The majority of American’s are against bailing out homeowners. Nearly 40% of Americans are renters, do you think the bailout is making them happy? What about homeowners who either own their homes outright or nearly outright? Are they happy?

Don’t kid yourself, Its all about saving the banks and financial industry. The U.S. economy has no real foundation outside of loaning money to each other to buy crap. If/when the financial industry implodes, the U.S. is done. [/quote]

deadzone:

1. Check my post. I didn’t claim that 3/4 of Americans are homeowners. [Hint, check for the word “voters” in my post.]

2. Yes, people may rail against bailouts. But let’s take a reality check here. Many of those people want their own home’s price to be higher, not lower. That is true whether they have a mortgage or not. If you want something for yourself, it can lead you into turning a blind eye to what it takes to get it.

[patientrenter]

[quote=deadzone]That’s bullcrap patient, these bailouts have nothing to do with making people (i.e.voters) happy. 3/4 of Americans are not homeowners, not sure where you got that stat. The majority of American’s are against bailing out homeowners. Nearly 40% of Americans are renters, do you think the bailout is making them happy? What about homeowners who either own their homes outright or nearly outright? Are they happy?

Don’t kid yourself, Its all about saving the banks and financial industry. The U.S. economy has no real foundation outside of loaning money to each other to buy crap. If/when the financial industry implodes, the U.S. is done. [/quote]

deadzone:

1. Check my post. I didn’t claim that 3/4 of Americans are homeowners. [Hint, check for the word “voters” in my post.]

2. Yes, people may rail against bailouts. But let’s take a reality check here. Many of those people want their own home’s price to be higher, not lower. That is true whether they have a mortgage or not. If you want something for yourself, it can lead you into turning a blind eye to what it takes to get it.

[patientrenter]

Simon Johnson’s thesis that our government has been captured by the financial services industry is only partially true. For all our complaints, we do live in a mature democracy, with a dispersed government. It’s hard for any one minority interest to hijack the entire government apparatus.

The many, many trillions that our government is putting on the line to maintain high house prices is not just to make some bankers richer, or to put another million in the pockets of a few more Congressmens’ relatives and friends. It’s done to make homeowners happy. They are over 3/4 of all voters. Add all the professionals whose livelihood depends on free money, and you have an unbeatable force that can and does control our government.

Take away the professionals, and the voter block is still powerful, but much weaker. Take away the voters, and you can divert a few hundred billion at most, not 10 trillion (in direct subsidies and indirect guarantees).

[patientrenter]

Simon Johnson’s thesis that our government has been captured by the financial services industry is only partially true. For all our complaints, we do live in a mature democracy, with a dispersed government. It’s hard for any one minority interest to hijack the entire government apparatus.

The many, many trillions that our government is putting on the line to maintain high house prices is not just to make some bankers richer, or to put another million in the pockets of a few more Congressmens’ relatives and friends. It’s done to make homeowners happy. They are over 3/4 of all voters. Add all the professionals whose livelihood depends on free money, and you have an unbeatable force that can and does control our government.

Take away the professionals, and the voter block is still powerful, but much weaker. Take away the voters, and you can divert a few hundred billion at most, not 10 trillion (in direct subsidies and indirect guarantees).

[patientrenter]

Simon Johnson’s thesis that our government has been captured by the financial services industry is only partially true. For all our complaints, we do live in a mature democracy, with a dispersed government. It’s hard for any one minority interest to hijack the entire government apparatus.

The many, many trillions that our government is putting on the line to maintain high house prices is not just to make some bankers richer, or to put another million in the pockets of a few more Congressmens’ relatives and friends. It’s done to make homeowners happy. They are over 3/4 of all voters. Add all the professionals whose livelihood depends on free money, and you have an unbeatable force that can and does control our government.

Take away the professionals, and the voter block is still powerful, but much weaker. Take away the voters, and you can divert a few hundred billion at most, not 10 trillion (in direct subsidies and indirect guarantees).

[patientrenter]

Simon Johnson’s thesis that our government has been captured by the financial services industry is only partially true. For all our complaints, we do live in a mature democracy, with a dispersed government. It’s hard for any one minority interest to hijack the entire government apparatus.

The many, many trillions that our government is putting on the line to maintain high house prices is not just to make some bankers richer, or to put another million in the pockets of a few more Congressmens’ relatives and friends. It’s done to make homeowners happy. They are over 3/4 of all voters. Add all the professionals whose livelihood depends on free money, and you have an unbeatable force that can and does control our government.

Take away the professionals, and the voter block is still powerful, but much weaker. Take away the voters, and you can divert a few hundred billion at most, not 10 trillion (in direct subsidies and indirect guarantees).

[patientrenter]

Simon Johnson’s thesis that our government has been captured by the financial services industry is only partially true. For all our complaints, we do live in a mature democracy, with a dispersed government. It’s hard for any one minority interest to hijack the entire government apparatus.

The many, many trillions that our government is putting on the line to maintain high house prices is not just to make some bankers richer, or to put another million in the pockets of a few more Congressmens’ relatives and friends. It’s done to make homeowners happy. They are over 3/4 of all voters. Add all the professionals whose livelihood depends on free money, and you have an unbeatable force that can and does control our government.

Take away the professionals, and the voter block is still powerful, but much weaker. Take away the voters, and you can divert a few hundred billion at most, not 10 trillion (in direct subsidies and indirect guarantees).

[patientrenter]

[quote=Nor-LA-SD-guy]
The way the loan mod’s requirements are written, they will help very few in Socal, maybe if you lived in Virginia or Iowa or someplace else.[/quote]

Why?

[patientrenter]

[quote=Nor-LA-SD-guy]
The way the loan mod’s requirements are written, they will help very few in Socal, maybe if you lived in Virginia or Iowa or someplace else.[/quote]

Why?

[patientrenter]

[quote=Nor-LA-SD-guy]
The way the loan mod’s requirements are written, they will help very few in Socal, maybe if you lived in Virginia or Iowa or someplace else.[/quote]

Why?

[patientrenter]

[quote=Nor-LA-SD-guy]
The way the loan mod’s requirements are written, they will help very few in Socal, maybe if you lived in Virginia or Iowa or someplace else.[/quote]

Why?

[patientrenter]

[quote=Nor-LA-SD-guy]
The way the loan mod’s requirements are written, they will help very few in Socal, maybe if you lived in Virginia or Iowa or someplace else.[/quote]

Why?

[patientrenter]

Mein gott, I am an economic left-winger!

Economics: -0.62
Authority: -1.95

I always thought I was on the extreme right on economics. So there are people out there who would actually like the 19th century way of sharing the economic spoils. I could handle that, but I am really surprised that there are many other people who would really want that. Almost everyone I know who sounds “right-wing” on economics turns out, on closer inspection, to want government subsidies and support for their activities. So I’ve always thought the real free marketeers were a tiny number. I’m still a little suspicious, and think I am unusually right-wing (libertarian) on the economics.

Good test. More objective tests of this style could civilize our political discourse.

[Author]

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