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Murphy

3 months ago

in The Troubles With Bubbles on The Washington Independent
Somehow, you managed to completely miss the point of my post and morph it into a discussion on who is the greater fool: the lender or the borrower.

You don’t seem to care about right and wrong, or the overall state of the economy. You sympathize with those who are most willing to take advantage of a corrupt government’s selective compassion. By your definition, people who accept handouts from the Democrats are smart, while the rest of us who subsidize these deadbeats are fools. What a strange perspective you have!

I would wager that you are one of those socialists who won’t admit to being a socialist, like Obama. If you support redistribution of wealth to the point where it cripples the economy and promotes class warfare, then you are a socialist. Good luck with trying to pick others peoples’ pockets for the rest of your life.

5 months ago

in The Troubles With Bubbles on The Washington Independent
All our politicians have to do to get some atrocious bill passed, like this one, is to pander to homeowners, who are the perfect dupes for socialism. Paying them $15000 to buy a house...this is the definition of insanity: you pay people to buy stuff, and then pretend you have a strong economy because the price of the stuff starts to go up.

While this amendment passed the Senate unanimously, the one that would have reduced the capital gains tax on investors was shot down.

So our esteemed politicians think that investors are bad people, while the homeowners who are directly responsible for the recession should be rewarded. We are truly living in a Bizarro World.
2 replies
Rick Cain The investors ARE responsible for it, and the homeowners are not.

If you have a town fool that is giving away his millions to others and runs out of money and is broke, who is the fool, the person giving away his money or the person receiving it?

The responsibility lies with the lenders, who turned a blind eye to bad loans in the quest for even more short term profit, and the government that conspired with them to refuse to regulate.
Chance Good post Murphy.

When will people catch on to this intentional, governmental, perpetual crisis creation? The more problems that there are, the better, for strengthening and securing the role of the government.

9 months ago

in AP: Bankruptcy Language Not Likely in Bailout Compromise on The Washington Independent
Poor, struggling homeowners. Give me a break. Why should someone who puts no money down on the house and stops making payments be rewarded with a cheaper mortgage? Does this make sense only to Democrats?

9 months ago

in Bailout Bill Must Include Help for Homeowners on The Washington Independent
Why are homeowners given such special status? If an investor who rents loses $20,000 in the stock market, how is that any less costly to the individual or the economy than a homeowner losing his down payment (if any)? Most of these deadbeat homeowners put nothing down on the house, and many were subsidized. They were basically renters.

I fail to see why one person's monetary loss should be treated any differently from another's.
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