So President Obama wants to help the housing market. Many people are now upside down on their mortgages and the only solution people want to hear, is that we have to get prices back up. Hello people. Getting things back to the way they were just recreates the problem. The reason these people are upside down on their loans is because they paid more than they should have and got a loan from a corrupt banking system that we just bailed out. For the most part these people were taken advantage of, and we should have bailed them out instead. Now it's too late to go back and fix the bailout fiasco, and we just have to realize that these people are going to have to deal with their loses on their own. But we cannot go back to having the prices back at the levels that they were. That is not a solution, it's just making the same mistake again.
Now we could maybe save these people by dissolving these banks and using the money to get these people back on their feet. What do you think about that? Maybe that would send a clear message to the banks.
Does this matter.
One of my favorite quotes, by Theodore Roosevelt:
“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly; who errs and comes short again and again; because there is not effort without error and shortcomings; but who does actually strive to do the deed; who knows the great enthusiasm, the great devotion, who spends himself in a worthy cause, who at the best knows in the end the triumph of high achievement and who at the worst, if he fails, at least he fails while daring greatly. So that his place shall never be with those cold and timid souls who know neither victory nor defeat.” - Theodore Roosevelt in 1910 at the Sorbonne in Paris
Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts
Tuesday, October 25, 2011
Wednesday, September 7, 2011
9/11
With the tenth anniversary coming up on Sunday we are hearing a lot of opinions about 9/11 again. I heard one today on the news that we have rebuilt New York and shown the terrorist that they did not win. It's a nice thought, but I'm not sure it's true at all. If we think about what their objective might have been, do we really think they just wanted to piss us off by killing a few thousand of our citizen in a single attack. That doesn't make any sense. From research I did back then, bin Laden's intention was to draw us into a war, and to expend our resources and bring about our own down fall. By my humble estimations of what is going on in this country, the terrorist may be close to succeeding. Albeit, we were on the downfall long before 9/11, but what we have done since then to pay the terrorist back and get revenge, has only helped to speed us towards the cliff. The only thing that makes this even worse, is how rich some people got because of it. Don't get me wrong, I'm not against wealth, just against getting wealthy at the expense of others, especially others lives.
Maybe we should pretend we are winning though. What do you think? Does this matter?
Maybe we should pretend we are winning though. What do you think? Does this matter?
Thursday, August 25, 2011
America, oil, and government interference
So, if you watch this video on US oil , you may ask yourself, as I do, "why is government even involved in this?" Shouldn't market forces be what determines what natural resources we use and how? If natural gas is the cheaper better way to go, then market forces would make that happen naturally. But our huge government has to have it's hand in everything, so things get delayed indefinitely. That's "our" politicians and tax dollars at work folks. Makes you wonder if they really want us to be less dependent on foreign oil, especially after investing so many American lives in getting more.
Does it matter?
Does it matter?
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