[patientrenter]

San Francisco is the real New Amsterdam. I love it, publicdefender.

I am with you on the sense that things were totally ungrounded for the last 10 years. There needed to be a reorientation. That’s occurring. It’s rough while it lasts, but it’s good that it’s happening, and things will be better than the last 10 years when it’s done. Yes, there will be less bling, but there will be plenty of good food, good teachers, decent (but smaller) homes…. Not a bad world, I think, if our politicians don’t screw it up totally by trying to prevent/minimize the changes.

[patientrenter]

San Francisco is the real New Amsterdam. I love it, publicdefender.

I am with you on the sense that things were totally ungrounded for the last 10 years. There needed to be a reorientation. That’s occurring. It’s rough while it lasts, but it’s good that it’s happening, and things will be better than the last 10 years when it’s done. Yes, there will be less bling, but there will be plenty of good food, good teachers, decent (but smaller) homes…. Not a bad world, I think, if our politicians don’t screw it up totally by trying to prevent/minimize the changes.

[patientrenter]

San Francisco is the real New Amsterdam. I love it, publicdefender.

I am with you on the sense that things were totally ungrounded for the last 10 years. There needed to be a reorientation. That’s occurring. It’s rough while it lasts, but it’s good that it’s happening, and things will be better than the last 10 years when it’s done. Yes, there will be less bling, but there will be plenty of good food, good teachers, decent (but smaller) homes…. Not a bad world, I think, if our politicians don’t screw it up totally by trying to prevent/minimize the changes.

[patientrenter]

San Francisco is the real New Amsterdam. I love it, publicdefender.

I am with you on the sense that things were totally ungrounded for the last 10 years. There needed to be a reorientation. That’s occurring. It’s rough while it lasts, but it’s good that it’s happening, and things will be better than the last 10 years when it’s done. Yes, there will be less bling, but there will be plenty of good food, good teachers, decent (but smaller) homes…. Not a bad world, I think, if our politicians don’t screw it up totally by trying to prevent/minimize the changes.

[patientrenter]

Flu, I know illegal immigrants. I have friends who are illegal immigrants. Flu, you’re no illegal immigrant.

[patientrenter]

Flu, I know illegal immigrants. I have friends who are illegal immigrants. Flu, you’re no illegal immigrant.

[patientrenter]

Flu, I know illegal immigrants. I have friends who are illegal immigrants. Flu, you’re no illegal immigrant.

[patientrenter]

Flu, I know illegal immigrants. I have friends who are illegal immigrants. Flu, you’re no illegal immigrant.

[patientrenter]

Flu, I know illegal immigrants. I have friends who are illegal immigrants. Flu, you’re no illegal immigrant.

[patientrenter]

Ain’t gonna be any immigration reform/amnesty until this is over.

Letting in more immigrants had two key sources of support:

1. Democratic politicians who want more voters likely to end up voting democrat, and the groups that would benefit from more of the Democratic flavor of govt spending.

2. Business owners who employ low-skilled people and who want the cheapest labor (as long as they don’t have to pay for the services used by those laborers) and the Republican pols that live off those business owners.

The second source is gone for now, because there is no shortage of cheap labor in a recession. You need both sources to get legislation passed.

[patientrenter]

Ain’t gonna be any immigration reform/amnesty until this is over.

Letting in more immigrants had two key sources of support:

1. Democratic politicians who want more voters likely to end up voting democrat, and the groups that would benefit from more of the Democratic flavor of govt spending.

2. Business owners who employ low-skilled people and who want the cheapest labor (as long as they don’t have to pay for the services used by those laborers) and the Republican pols that live off those business owners.

The second source is gone for now, because there is no shortage of cheap labor in a recession. You need both sources to get legislation passed.

[patientrenter]

Ain’t gonna be any immigration reform/amnesty until this is over.

Letting in more immigrants had two key sources of support:

1. Democratic politicians who want more voters likely to end up voting democrat, and the groups that would benefit from more of the Democratic flavor of govt spending.

2. Business owners who employ low-skilled people and who want the cheapest labor (as long as they don’t have to pay for the services used by those laborers) and the Republican pols that live off those business owners.

The second source is gone for now, because there is no shortage of cheap labor in a recession. You need both sources to get legislation passed.

[patientrenter]

Ain’t gonna be any immigration reform/amnesty until this is over.

Letting in more immigrants had two key sources of support:

1. Democratic politicians who want more voters likely to end up voting democrat, and the groups that would benefit from more of the Democratic flavor of govt spending.

2. Business owners who employ low-skilled people and who want the cheapest labor (as long as they don’t have to pay for the services used by those laborers) and the Republican pols that live off those business owners.

The second source is gone for now, because there is no shortage of cheap labor in a recession. You need both sources to get legislation passed.

[patientrenter]

Ain’t gonna be any immigration reform/amnesty until this is over.

Letting in more immigrants had two key sources of support:

1. Democratic politicians who want more voters likely to end up voting democrat, and the groups that would benefit from more of the Democratic flavor of govt spending.

2. Business owners who employ low-skilled people and who want the cheapest labor (as long as they don’t have to pay for the services used by those laborers) and the Republican pols that live off those business owners.

The second source is gone for now, because there is no shortage of cheap labor in a recession. You need both sources to get legislation passed.

[patientrenter]

DWCAP: “Why do people keep needing the GOV to “save” us? I dont want the government to save me. I dont want the government deciding who deserves a house and who doesn’t (read: has to pay inflated prices).”

I agree 100%. It is true that risk in financial institutions was poorly regulated. Regulations should have thoroughly exposed all the risks. They didn’t. If they had forced such disclosure, markets would have forced the companies taking too much risk to stop. In future, companies and industries that take on risks that rely on bubbles not bursting should be spotlighted immediately and continuously until the market exuberance causing the pressure comes to its senses.

I am convinced that a very big cause of the housing bubble was govt intervention in the housing market. Without a deduction for mortgage interest, without FNMA, Freddie Mac, FHA loans or loan guarantees, without govt pressure on banks to lend to poor risks, without any of a myriad other govt-backed programs to funnel more and more money into housing, the bubble would have been much smaller, and would have deflated much earlier and quicker.

With little or no govt involvement in the housing market, and with vigorous govt-required disclosure of financial risks, grounded on leaning against cyclical ups and downs, the housing bubble would have been innocuous.

[Author]

Posts