Re: OT: Rants on election

Jim Thompson wrote:

On Thu, 11 Sep 2008 19:22:48 -0700, "Paul Hovnanian P.E."
<paul@xxxxxxxxxxxxx> wrote:

John Larkin wrote:

On Thu, 11 Sep 2008 20:01:14 -0400, John Popelish <jpopelish@xxxxxxxx>
wrote:

Paul Hovnanian P.E. wrote:
John Larkin wrote:
On Wed, 10 Sep 2008 10:35:50 -0700, "Paul Hovnanian P.E."
<paul@xxxxxxxxxxxxx> wrote:

The big mess is going to take a few years to get over. Its not going to
recover if the borrow and spend party is in power,
Refresh my memory... which party is that?

The GOP. At least the Democrats have the balls to tell people that
they've got to pay for their pork.

Right. Republicans have been eliminating taxes that were
levied by law, and taxing, instead by the evaporation of the
U.S. dollar by paying for everything with borrowed money.
And that is a tax that cannot be eliminated by passing
another law.

Every dollar you have saved and every dollar you, your
children or grandchildren will ever make in the future will
buy less because of this hidden tax and irrevocable tax.

That's inflation. We've always had that. Buy real estate.

You're kidding, right? The loose money policy has generated a glut of
excess of residential and commercial property. If all goes well, it
might take a year or two to burn through the inventory. But prices will
remain depressed fr significantly longer.

That's if all goes well. If the economy remains sluggish, we might end
up with a situation like Japan had when its speculation bubble burst. A
stagnant economy for over a decade while they refused to cut their
losses and move on.

The government made a halfway correct move in taking over Fannie Mae and
Freddy Mac. It would have been better if they'd waited for them to go
Chapter 7 and then purchased selected assets (mortgage contracts,
furniture, etc.) and left the bankrupt remains with the executives'
employment contracts.

You're a jerk! Face it. Without a government to _give_ you what you
want, you'd be a bum on the street corner.

Who here does more DoD work? Welfare by any other name ...

--
Paul Hovnanian mailto:Paul@xxxxxxxxxxxxx
------------------------------------------------------------------
A vacuum is a hell of a lot better than some of the stuff that nature
replaces it with. -- Tennessee Williams
.

Relevant Pages

  • Re: OT: Rants on election
    ... recover if the borrow and spend party is in power, ... buy less because of this hidden tax and irrevocable tax. ... Chapter 7 and then purchased selected assets (mortgage contracts, ...
    (sci.electronics.design)
  • Re: OT: Rants on election
    ... recover if the borrow and spend party is in power, ... buy less because of this hidden tax and irrevocable tax. ... Overbalanced in REITs are you Jim? ...
    (sci.electronics.design)
  • Re: OT: Rants on election
    ... recover if the borrow and spend party is in power, ... buy less because of this hidden tax and irrevocable tax. ... Chapter 7 and then purchased selected assets (mortgage contracts, ...
    (sci.electronics.design)
  • Re: OT: Rants on election
    ... recover if the borrow and spend party is in power, ... buy less because of this hidden tax and irrevocable tax. ... need their cash out and moved into a developing economy. ...
    (sci.electronics.design)
  • Re: A Little Tea Party . . .
    ... they said Texas gets 88% of its tax money ... In this morning's missive from the Washington State Republican Party, ... I spoke at the T.E.A. Party Rally in Bellevue, ... borrow and spend economy to a more stable economy. ...
    (soc.retirement)