Comments on: Democrat Economy http://the-american-catholic.com/2009/02/15/democrat-economy/ Politics and Culture from a Catholic perspective. Thu, 09 Feb 2012 04:18:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: National Bankruptcy « The American Catholic http://the-american-catholic.com/2009/02/15/democrat-economy/#comment-1289 National Bankruptcy « The American Catholic Fri, 27 Feb 2009 12:26:16 +0000 http://the-american-catholic.com/?p=4761#comment-1289 [...] to the “Stimulus” bill as the Bankrupt the Nation Act of 2009 here, here, here, here, here and here.  Now we have Senator Judd Gregg (R., N.H.), the man who Obama wanted to be Commerce [...] [...] to the “Stimulus” bill as the Bankrupt the Nation Act of 2009 here, here, here, here, here and here.  Now we have Senator Judd Gregg (R., N.H.), the man who Obama wanted to be Commerce [...]

]]> By: Stimulus or expansion? | Delusions of Grandeur http://the-american-catholic.com/2009/02/15/democrat-economy/#comment-1288 Stimulus or expansion? | Delusions of Grandeur Tue, 17 Feb 2009 00:30:46 +0000 http://the-american-catholic.com/?p=4761#comment-1288 [...] Democrat Economy « The American Catholic [...] [...] Democrat Economy « The American Catholic [...]

]]> By: Donna V. http://the-american-catholic.com/2009/02/15/democrat-economy/#comment-1287 Donna V. Sun, 15 Feb 2009 20:34:12 +0000 http://the-american-catholic.com/?p=4761#comment-1287 <i>What happened in Nov 2006 that could possibly account for this?</i> Hmmmm,...., I seem to recall that there was an election that month,...., What happened in Nov 2006 that could possibly account for this?

Hmmmm,…., I seem to recall that there was an election that month,….,

]]> By: Matt McDonald http://the-american-catholic.com/2009/02/15/democrat-economy/#comment-1286 Matt McDonald Sun, 15 Feb 2009 19:18:45 +0000 http://the-american-catholic.com/?p=4761#comment-1286 I was looking at a chart of the DJIA for the last four years, it's interesting to note that it was on a steady rise until November 2006... since then it has been declining. What happened in Nov 2006 that could possibly account for this? I was looking at a chart of the DJIA for the last four years, it’s interesting to note that it was on a steady rise until November 2006… since then it has been declining.

What happened in Nov 2006 that could possibly account for this?

]]> By: amy http://the-american-catholic.com/2009/02/15/democrat-economy/#comment-1285 amy Sun, 15 Feb 2009 18:11:53 +0000 http://the-american-catholic.com/?p=4761#comment-1285 I'm not sure if the stimulus will help that much in the current economic environment. Economies go through cycles and recession is part of the cycle. I read a good article on the history of cycles at, I think, http://www.recessioninfocenter.com I’m not sure if the stimulus will help that much in the current economic environment. Economies go through cycles and recession is part of the cycle. I read a good article on the history of cycles at, I think,

http://www.recessioninfocenter.com

]]> By: Ian Ransom http://the-american-catholic.com/2009/02/15/democrat-economy/#comment-1284 Ian Ransom Sun, 15 Feb 2009 16:45:29 +0000 http://the-american-catholic.com/?p=4761#comment-1284 While one ought to roll eyes at superstition, I'd say that the Friday 13 passing of this trillion-dollar bag of pork-rinds is a bit of a morbidly funny harbinger. I am also glad it passed (first, because it was inevitable and second, because its inevitable doom may seal the ultimate downfall of the Left, even as the Left enjoys its shining little "moment," at least right now). More horrific is the complete lack of innovation that surrounded this grand Democratic scheme to solve (or at least blunt) the crisis. Obama the new, new Visionary (for that is indeed the specific image he cultivated, sold, and rode-upon into office). Some "vision." This bill is not only the most pedestrian, predictable, and typically uninspired Leftist folly right out of the tattered playbook, it is the fattest. This kind of "same old, same old" is far more ridiculous than the "past eight years same-old" that Obama, Pelosi, Reid and the other dwarfs have been whimpering about. Is anyone amazed at how the leftist imagination is so easily titillated and indoctrinated, en masse, by the most generic clouds of stardust? No. People may rightfully decry Bush and his myriad difficulties, but with the passing of this bill, the Obama Cult has officially become the greatest hoodwink in American history. None of that matters, now. We're in for it. Obama plans to address the housing crisis on Wednesday. More drab policy-wonking and ineptitude. The horror is that so few Americans have even a shred of a clue that there is no solution to this largest segment of the crisis. Nothing can be done, short of having allowed (and continuing to allow) the big banks to utterly collapse and find a way to prop-up the smaller banks that did not have the means to engage in the pervasive lending abuses of the giants, and thus make it easier for the crashed banking infrastructure to reset itself even a tiny bit. That, at least, would put ~some~ sort of a dent in the fact that over 70 percent of those in the market for a house can never qualify for a loan now (even if 20 percent of that 70 actually DO qualify), with housing prices not even at the nadir, yet, and inventory all the way to the moon. Letting the offending banks and lenders fail and giving incentives to the smaller, up-and-coming banks would have helped put that 10-20% of qualified buyers back on the map. Even getting 5% of those who still truly qualify (but who cannot get a loan to save their lives) back on the map would have had a salvific impact. A superb pilot-light in the darkness. That would have been a real stimulus, right there. A genuine stimulus. But no one gets this. Few, at least. America doesn't get it. I've been in lending and real estate for almost 20 years, in California. I can attest that Americans haven't a proverbial clue and our representatives (touchy Republicans and dingbat Democrats alike) are evading the primary issue, on top of the Democrats' execrable compounding of the issue. Everyone knows this stimulus is going to fail and that even its pithy scraps of assistance won't register a blip for years. To secure their paradigm, Obama and the Democrats betrayed the nation and cobbled together this piece of garbage as quickly as possible (under the "we need it as swiftly as possible" mantle) at the expense of bipartisanship and the future. Certainly, a six-month attempt at coming-up with something truly innovative and potentially successful would have been wise. But that's not on anyone's agenda, in the beltway. How this administration can dare uphold even a mere pretense of being innovative and visionary is, at best, a joke, now. With the passing of this cobbled-together, typically uninspired-yet-exorbitant stimulus, the Obama presidency has already become an apocalyptic disaster. A massive failure. Truly: everything to come from him over the next four years is going to be so much fiddling amid the conflagration. While one ought to roll eyes at superstition, I’d say that the Friday 13 passing of this trillion-dollar bag of pork-rinds is a bit of a morbidly funny harbinger. I am also glad it passed (first, because it was inevitable and second, because its inevitable doom may seal the ultimate downfall of the Left, even as the Left enjoys its shining little “moment,” at least right now).

More horrific is the complete lack of innovation that surrounded this grand Democratic scheme to solve (or at least blunt) the crisis. Obama the new, new Visionary (for that is indeed the specific image he cultivated, sold, and rode-upon into office). Some “vision.” This bill is not only the most pedestrian, predictable, and typically uninspired Leftist folly right out of the tattered playbook, it is the fattest.

This kind of “same old, same old” is far more ridiculous than the “past eight years same-old” that Obama, Pelosi, Reid and the other dwarfs have been whimpering about. Is anyone amazed at how the leftist imagination is so easily titillated and indoctrinated, en masse, by the most generic clouds of stardust? No. People may rightfully decry Bush and his myriad difficulties, but with the passing of this bill, the Obama Cult has officially become the greatest hoodwink in American history.

None of that matters, now. We’re in for it. Obama plans to address the housing crisis on Wednesday. More drab policy-wonking and ineptitude. The horror is that so few Americans have even a shred of a clue that there is no solution to this largest segment of the crisis. Nothing can be done, short of having allowed (and continuing to allow) the big banks to utterly collapse and find a way to prop-up the smaller banks that did not have the means to engage in the pervasive lending abuses of the giants, and thus make it easier for the crashed banking infrastructure to reset itself even a tiny bit.

That, at least, would put ~some~ sort of a dent in the fact that over 70 percent of those in the market for a house can never qualify for a loan now (even if 20 percent of that 70 actually DO qualify), with housing prices not even at the nadir, yet, and inventory all the way to the moon. Letting the offending banks and lenders fail and giving incentives to the smaller, up-and-coming banks would have helped put that 10-20% of qualified buyers back on the map. Even getting 5% of those who still truly qualify (but who cannot get a loan to save their lives) back on the map would have had a salvific impact. A superb pilot-light in the darkness. That would have been a real stimulus, right there. A genuine stimulus.

But no one gets this. Few, at least. America doesn’t get it. I’ve been in lending and real estate for almost 20 years, in California. I can attest that Americans haven’t a proverbial clue and our representatives (touchy Republicans and dingbat Democrats alike) are evading the primary issue, on top of the Democrats’ execrable compounding of the issue. Everyone knows this stimulus is going to fail and that even its pithy scraps of assistance won’t register a blip for years. To secure their paradigm, Obama and the Democrats betrayed the nation and cobbled together this piece of garbage as quickly as possible (under the “we need it as swiftly as possible” mantle) at the expense of bipartisanship and the future. Certainly, a six-month attempt at coming-up with something truly innovative and potentially successful would have been wise. But that’s not on anyone’s agenda, in the beltway.

How this administration can dare uphold even a mere pretense of being innovative and visionary is, at best, a joke, now. With the passing of this cobbled-together, typically uninspired-yet-exorbitant stimulus, the Obama presidency has already become an apocalyptic disaster. A massive failure. Truly: everything to come from him over the next four years is going to be so much fiddling amid the conflagration.

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