Jan Rogozinski

Dollar Goes Down Along with Bailout Plan

So many nasty, smarmy comments about how much the commentator is enjoying the pain of those that are losing their home Becca the commentator is so much more intelligent, virtuous, and holy than everyone else; and he is is proud that he has never in his life made any mistake. What truly extraordinary arrogance..

Well what should one expect? The one thing all Americans have in common is that the sole reason they or their ancestors came here--leaving family, Friends, Carree, and the village their ancestors had lived in for ten thousand years--to become filthy rich without working. (The only exception is Blacks, but only those whose ancestors came here before 1807, when the slave trade ended; Blacks and "Hispanics" coming to the US since 1865 are just as greedy, often more greedy as whites.)

Americans have in their genes total selfishness. Well you guys deserve what you get.

The Deflation/Inflation/Stagnation Debate

Housing prices were grossly inflated (or watered, as they used to say in the stock market.)

It was the bubble of all bubbles. So why should anyone want to stop housing pieces from falling back to where they were in 2000? It's not possible so to do, but why would anyone want to do something so dumb.

Folk are losing money because they were greedy. Bears can make money, bulls can make money; in the not so long run, pigs lose and deserve to lose.

The problem is that Americans are dumb enough to think that the House they live in is an "investment." Anyone that has taken either accounting 101 or economics 101 knows that all housing costs, including the initial purchase price and mortgage payments, always are 100% an expense, never an investment. In addition, housing is a totally messed up market. At least with stocks one can sell them at any time. So one can get out with a smaller lose.

It's Time to Focus on the Value of the Dollar

Dear Husker Bob:

Keynes taught that the government should be a countervailing balance. That is the government should run a surplus in good times, so that it can run at a deficit in bad times. He is correct.

The problem is that Bush ran a deficit in good times by doing away with taxes on the very wealthy while pouring 2 or 3 trillion into his unnecessary Iraq war.
So now that we are in bad times, the government can't run as big a deficit as needed.

Keynes was correct. Bush is a moron.