By Dirty Dan
This is an interesting, brief article, and accompanying video clip. It shows just how bad it hasn’t even gotten out there. What’s sad about this ‘recession’ is that the government has known about all of these red flags for decades, but nobody did anything about it because you can’t get elected by speaking reality. Nobody wants to hear how they’ve been spending too much money that they don’t have.
In order to get elected, you have to please the masses, which, in this case, are people who are in more debt than they can handle. So, in essence, the government is currently in the process of trying to make it less painful in the near term by forgoing economic prosperity in the future.
The latest round of government spending is a $250 billion dollar effort to slow the process of home foreclosures. What NEEDS to happen is the price of the average home has to come down to an affordable level. But that would hurt a bunch of people idiots who have invested too much in their homes (many of whom were hoping to flip them right as the housing market turned).
Whether these people live in their homes or not, they should be forced to foreclose if they need to. Buying a house is an investment. Like anything else, there is risk involved. You may make money, you may lose it. That’s EXACTLY why I have chosen not to buy a house over the past five years. But who would get elected by telling those people that they’re screwed? What annoys me most of all about this economic slump is that it wasn’t a lack of information on the government’s part, it was a blatant attempt to get votes that led our government officials to turn their heads. Instead of letting the market correct itself, the politicians are trying to interfere… In the entire history of our country, that has NEVER worked in a positive way.
Posted in Dirty Dan, Dirty Observations, Uncategorized
Tagged $250 billion, affordable houseing, Dirty Dan, Dirty White Blog, econimics, economic prosperity, economy, Financial Crisis, globalization, Government, home foreclosure, housing, housing bubble, mad as hell, real estate bubble, recession, US Government
A satirical look at the current Economic Stimulus Plan. Bravo, New York Post.
Posted in Dirty Dan, Random Dirt
Tagged Barack Obama, chimp, Chimpanzee, Dirty Dan, Dirty White Blog, Economic stimulus package, economy, New York Post, President Obama, Stamford Chimp Attack, Stamford CT