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Practical Investment Ideas: Pay Attention To Yields, Rental Real Estate

The author noted:

anger at the home loan practices dictated by Democratic Party social engineering and the Republican failure of leadership to stand up to such foolishness.

Absolute power corrupts absolutely. And I am especially cognizant of how Chicago-style Democratic politics are played.

It is my belief that financial planners will begin to focus more on tax avoidance than security recommendations, just as they did in the era pre-Regan.

Do we notice a trend here?

The author offers mickey-mouse (Dividends now!) advice that a grade schooler could figure out, suggests that rental property investing is a panacea w/o considering the fact that increased supply will tamp price demand on property owners while inlfation drives up tax and maintenance costs, and expects us to look at his solutions as wisdom!

If he could look beyond his clouded rhetoric about The Mess perhaps he could start from a more basic assumption: how we got into this mess and what policies we should avoid like the plague going forward.

Consider this as a strating point the next time, Mr Feckless:

Flash back to the neo-con's answer to 1970's stagflation and Milton Friedman's Shock Economics Theory he plied so well in South America for the right wing fascists.

Roll tape a bit forward to the Gipper. Cut taxes, spend on defense out the wazoo, run record deficits, de-regulate markets and watch Uncle Milties' magic work.

While every right wing neo-con tape loop is buzzing with out-of-control GSEs and fear and loathing of the coming Democratic landslide, we all seem to conveniently ignore how all of this silly and frightening theoretical economic approach played out around the world through the likes of the IMF, World Bank, Halliburton, and their ilk.

Look at any country where this supply-side, trickle down, deregulated gambit has played and see how eeiry is the similarity between those countries and this one:

1. The top 1% control 40% of all financial wealth in the U.S. The top 20% another 52%, leaving the rest of us (80%) America's financial wealth at a whopping 8%.

2. In terms of inherited wealth only 1.6% inherit moe than $100,000. 91.9% receive nothing. Yet the "death tax" is the highest priority on the ultra-conservative agenda.

Now for some sobering reminders:

Under Clinton we enjoyed a $287 Billion SURPLUS that's now an ever-growing DEFICIT that at last peek was nearing $700 Billion and national debt that has grown from $5.7 Trillion to $10.2 Trillion in just seven years.

It wasn't because Clinton was an economic genious. He simply chose folks who shared his philosophy of government and its role. I'll put my money in the hands of the guys that believe that it's the government's job to invest in the 80% of us that need practical ways to grow our own wealth (smart energy policy, infrastructure development, education).

Where was FDR when we needed him 28 years ago, when this Milton Friedmanesque, neo-conservative insanity began?