patrick.net

Bullish!

Blurtman says

Bullish!

That was enlightening. Do you want to expand on this or is it true because you feel it's true.

No such thing as permanent economic damage, just damaged and flawed Presidencies.

This one is down right defective from the get go. I suspect inferior parts during manufacturing, but now I'm just spitting hairs.

The main damage is the amount of money being extracted from us in the health and housing sectors:

http://research.stlouisfed.org/fred2/graph/?g=ORu

Real per-capita (age 16+) health + housing expenditures. This doesn't count government spending in health care I believe, which is half of total spending at any rate.

This chart implies it takes $30,000/yr for a couple to just cover the first two basics of life.

Food, clothing, and fun are additional, as are the student loan repayments.

Housing was CHEAP in the 1960s. Even the SAME houses from then are unaffordable for most people now, because it's the land valuations that have skyrocketed since then.

Nobody gets this.

http://www.zillow.com/homedetails/222-San-Miguel-Ave-Salinas-CA-93901/19315151_zpid/

This house sold for $35,000 or so back in 1975. The 2014 sales price is nearly 3X what $35,000 has inflated to since 1975 (~$150,000)

Ironically the buyer in 1975 was an area doctor who picked this place up as an income property after the original owner passed.

1975 was kind of the starting point for the Great Inflation in real estate in the 70's, along with everything else. This house where I lived in the garage apartment in 1973 in Dallas at 8122 Santa Clara Dr. was sold by the old couple who had lived in it since 1940 for $34,000. It was on a 100 x 200 lot in a neighborhood of beautiful houses--it was called the Gingerbread House because of its rolled under roof.

http://www.zillow.com/homes/8122-santa-clara-dr.-dallas,-tx_rb/

The most expensive house in the neighborhood at the time was $45,000. And the prices probably hadn't increased 1% in ten years. I could have afforded it, but it did require almost $10,000 of repairs to the foundation and roof because they hadn't been able to afford them so I rented for five more years after moving at the end of 1974. By 1980, the least expensive house in the neighborhood was $100,000. Before the down-turn, it got as high as $800,000.

sbh says

Because I hate the disease.

OK, but why need I consider your recommendation?

Because I have three websites.

Oh, why didn't you say so sooner

Because I want the populous to be informed as opposed to being misinformed as well as disinformed

Bubbabear says

sbh says

Because I hate the disease.

OK, but why need I consider your recommendation?

Because I have three websites.

Oh, why didn't you say so sooner

Because I want the populous to be informed as opposed to being misinformed as well as disinformed

You know Call Crazy can switch the channel to NBC with one click.

The feel good news story of the day...

Debt is worrying me, we all know it can't last forever. Not sure where this is heading. Government isn't cutting down their spending on military and their benefits, but they are cutting down our social security.

This really is frightening.

One gigantic Ponzi scheme.

How to fix the Debt:

Consider abolishing Obamacare and Adopt German styled healthcare.
Create "Affordable Legal Care Act": Reduces the amount of lawyers and forces pay of Lawyer to be close to other professions. Most lawyers work for Public Sector. Most lawsuits in arbitration with Professionals within field. Cases can only last 2 week unless extension is required.
Force Schools to teach courses and labs on making products, Ag, Manufacturing.
Lower business tax rate to 5% for firms that produce something tangible. Reduce Cap Eq use tax rates to 0.1%.

APOCALYPSEFUCKisShostikovitch says

A tax cut would fix everything.

We've proven that time and time again.

Bullshit, you need a war and big increase in government spending in addition to cutting taxes to really fix the problem.

Luckily, given the human condition, that shouldn't be a problem for the next century or 10...

bob2356 says

APOCALYPSEFUCKisShostikovitch says

A tax cut would fix everything.

We've proven that time and time again.

Bullshit, you need a war and big increase in government spending

Wow what a great video

The solution is simple the government needs to go on a diet, think anorexia.

The real problem is the constituents denial and myopia.

So the politicians tell the mutts whatever they want to hear.

I bet not one of the mutts on this thread even watched the video. Hell it even had Fred graphs so you know it is bonafide.

CaptainShuddup says

No such thing as permanent economic damage, just damaged and flawed Presidencies.

This one is down right defective from the get go. I suspect inferior parts during manufacturing, but now I'm just spitting hairs.

This economy is built on 30+ years of failed neoliberal policies. The failure you speak of belongs to a do nothing obstructive congress.

Entitlemented says

Force Schools to teach courses and labs on making products, Ag, Manufacturing

We used to have it, called variously voc-ed or "shop". They used to teach Driver's Ed in schools, too, but I guess that was too practical and couldn't be reinterpreted into something involving race/gender/sexual orientation.

Diva24 says

This economy is built on 30+ years of failed neoliberal policies. The failure you speak of belongs to a do nothing obstructive congress.

Was Reagan a neo-liberal?

tatupu70 says

Was Reagan a neo-liberal?

Not to the degree Clinton or Bush was, but yes. Deregulation, Tax Cuts, Privatization, disempowering unions, Welfare Cadillac, etc.

jazz music says

APOCALYPSEFUCKisShostikovitch says

A tax cut would fix everything.

We've proven that time and time again.

Wow, you might actually be Sarah Palin.

That would be a trip.

A tax cut on the wage-slaves would indeed be a good start.