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What Happens When the Government Stops Propping Up Housing?

Need a house? Wait till May 2010 there will be more Obama dollars then. Or better yet let's wait till May 2011 when housing prices have fallen by half but we will have even more worthless Obama dollars propping up the price. Shoot let's wait one more year (election year) when everyone will be given an incentive to take a free house!

Goldman Moves to Help Small Business

What small business needs from Washington is to not let the Bush tax cut to expire. They know how to run a business what they don't need is a pep talk from GS, Obama or Buffett.

U.S. Economy: It's Up to Us to Make It Better

It doesn't matter if there are two parties or ten. The few with the money will corrupt them all.

Too Big to Fail: Now It Gets Interesting

I truly wish I could see a choice. As long as there is a 'needy' populace our nations leaders will ultimately buckle to the one tenth of one percent who control 90 percent of the wealth. David may occasionally beat Goliath unfortunately this ratio remains the same.

"The choice we face now is remarkably similar. We have allowed a few institutions to enjoy a revolving door relationship with Washington DC, providing favors, campaign contributions and employment to politicians in exchange for "Most-Favored Corporation" status. Whenever they do something stupid that would destroy another company, these once and future employees rush to transfer OUR savings (via taxation) to the Most-Favored Corporations.

David can beat Goliath and often does. It's part of the creative destruction that allows hope, change, and growth. But when David has his arms and spirit broken by a government that then stands firmly behind Goliath, propping him up whenever he is felled, usually by his own mis-deeds, it makes the job a lot tougher."

Why Stocks Scare Me Now

In what time frame do you see the banks start leaving the market?

When Will the Money Printing Cease?

Interesting article.
Our educational systems are tied to the hip with all levels of government. This is beneficial to both government and education who could not exist without tax "revenue". Our educational system trains you to be service sector employees who will seek out jobs that are easily taxed by government. Unfortunately, service sector jobs typically only redistribute wealth they tend not to create wealth. At the same time governments can print money which gives the appearance of wealth creation but is also only a redistribution.

Will Regulation Hobble Capitalism?

The community I live in at one time had a flourishing automotive plant. WWII came along and the plant converted to producing airplanes for the war effort. No one was worried about regulation or the impact this production had on the environment. Over time public perceptions changed on the environment, local governments and employees became greedy. Now that plant has been idled (no employment) the buildings torn down (no tax benefit) and is now a superfund site (government seizure of personal property) with the likelihood of development near zero. It is certainly heartwarming to see how government involvement has improved my community.

More Healthcare Reform Games

I watch this health care reform daily on the press. It becomes more and more obvious that health care reform is not the goal. This all comes down to obese lawyers whose only goal is winning at any cost whatever their particular political agenda is. Washington has no backbone and the constituents who elect them all want something for nothing. When did Americans lose their desire to work hard and create? Why do we need a bloated government to cure all our ails?

Real Estate Has Hit Bottom? Not Even Close

Our government/school systems have for years been selling this idea that homes are an "investment" when in fact they are a lifestyle choice. Homes are not an investment they produce no income and in fact tend to be money pits. It seems to me that this has become a nation of business illiterates. We want our government to "supply" us with jobs so that we can gleefully have it taxed away in a never ending cycle of service. We no longer as a nation produce anything and yet somehow think we can have a constantly rising standard of living.

At least commercial real estate people understand that a property needs to produce income. How that income is going to be produced going forward remains to be seen.

Delinquent Mortgages Are Soaring; Foreclosures Aren't

The banks should also consider that someone who is not making mortgage payments also has no incentive to maintain the the structure. A leaking roof or pipe is now a considerable expense to the squatter as he knows he will eventually have to leave and in the mean time the value still goes down. The banks and homeowners are both acting irresponsibly. Another example of why socialism does not work.