cos1000...
It's just stupid where our attention is going right now. Great example about real estate (and your other points). I mean, we can't just stop the free market system because we're also trying to fix this problem. The Gov was just as complicit in this mess as anyone. Bill Clinton allowed the newly developed CDS concept (developed by 2 clowns at JPM no less, who now is considering banking royalty!) into a huge bill of pork in 1996, the beginning of his second term. Prior to this, the CDS bill alone couldn't pass congress. Billy probably didn't even know it was in there. Then add what gov did with GSE's.."everyone should have a house mantra"... also Billy's. Yet, now they are overstepping their bounds for political expediency in my opinion (and as you say). There are elections next year and this new "CAUSE" will play very nicely on Broadstreet when all these pukes start stumping. They're creating a monster and riling up the people instead of helping the people through the proper approach and programs. So far Obama Admin. has done nothing but f around and delay our recovery since he got in. When he got in, he turned into Mr. Hyde or at least Bat Masterson. Started bitch-slapping Wall Street. Wall Street naturaly sold off in retalliation--and we lost out. Then old Barack finally figured out he was hurting the exact people he was puporting to help. Us. So more wealth destruction for us. Now he's going on the Tonight Show. You've got to be kidding me. Meanwhile Obama AND congress won't let up on this bonus focus. Restricting salaries, bonuses, et al for anyone who took TARP money. That is just sick and is causing big money just to trench in further. Meanwhile We the Peons just keep spinning our wheels watching our friends get layed off , et al...We are soooo expendable! To quote Clown Cramer.."Obama knows nothing!" I'm just glad his kids got a kickass new swingset/playhouse, they're all settled in their new private school and will be getting their new dog soon. Oh and the President got to bowl a 129 in the White house bowling alley..all great news!!!!! Meanwhile we get to look forward to hopefully holding 666 in the coming weeks or else we'll be taken out back yet another time...yeah, I'm really happy for the president.