patrick.net

Ya think? Shhh here comes the Patnet left, look like there's Hope. (♫♪♪♫)

That Kool-Aid tasted so good, especially right after waking up after one of those fainting spells (of course personally, I can only guess). Oh well, it must have been so exciting while it lasted.

yeah, I Hope he doesn't turn out to be a class traitor, LOL

I see a certain little somebody posted something. Too bad I can't read it. I'm sure it was highly mature and intelligent. That "ignore" feature really works. Thanks again Patrick.

RayAmerica says

I see a certain little somebody posted something. Too bad I can’t read it. I’m sure it was highly mature and intelligent. That “ignore” feature really works. Thanks again Patrick.

LA LA LA LA LA (he can't hear me 'cause he's holding his hands over his ears). But he still wants the attention, so he posts this drivel. If the ignore feature was what he really wanted, he'd actually ignore me.

Can't help that I'm so awesome...

Nomograph says

A return to the Bush policies is the best they can come up with. They have absolutely zero new ideas about how to proceed forward.

This might just work because nobody I've seen has any idea what actually went wrong 1999-2006.

The right has successfully muddied the water with "CRA!", "GSEs!", "but Clinton!", "Barney Fag!"

Even Krugman hasn't AFAIK layed out my "Peak Debt" thesis which I think is bleedingly obvious.

Actually, doing some research, I see it's not exactly "my" thesis:

http://www.safehaven.com/article/5824/peak-debt

Nomograph says

A return to the Bush policies is the best they can come up with. They have absolutely zero new ideas about how to proceed forward.

I don't know of any fiscal conservative that is calling for a return to Bush's reckless economic policies. What people like you don't seem to realize is that Obama is Bush on steroids when it comes to spending. Apparently, you think that's the right solution. You must have loved Bush but would have really loved him even more if he only could have been more reckless like Obama ... right?

Ray:

It's true that the solution to too much deficit spending is not more deficit spending.

But it's also true that if a business were totally bankrupt, on the verge of shutting it's doors, and there were people willing to lend it money at low interest rates to give the business a chance to get back on its feet, it would be wise to borrow and invest that money.

Bush didn't single handedly bankrupt us, he just did about half of it, in a few short years. But what you call Obama's reckless spending was by most sensible peoples reckoning, unavoidable (just like the bankrupt business getting financing to continue).

marcus says

Bush didn’t single handedly bankrupt us, he just did about half of it, in a few short years. But what you call Obama’s reckless spending was by most sensible peoples reckoning, unavoidable (just like the bankrupt business getting financing to continue).

Just take a look at the stimulus programs used in an attempt to re-inflate the real estate bubble. Have they worked? The evidence is in; they have all been resounding failures. The problem with government is that it recklessly spends and continues to expand. Feeding more money to this beast only makes its appetite increase. As long as the American people are complacent with allowing this insanity to continue, we will never get off this path of fiscal ruin. We have reached the point where we are reaping the accumulative effect of decades of deficit spending. If we don't make the painful, drastic steps needed to get this monster under control, we will find ourselves in an impossible situation, not unlike the pre-hyperinflation Weimar Republic. The problem with chaos is that "order" is restored. That's where the danger is; what type of restoration of order will we get? History teaches that type of restoration of order typically results in totalitarian rule. If we are to avoid that catastrophe, we need to reign in this government, while there is still time to do so.

RayAmerica says

The evidence is in; they have all been resounding failures

AS far as I could tell, those efforts were not to re inflate (although many think that could be a consequence eventually).

My take is and always was they were supporting prices from falling too far or too fast. Yes, partly to protect homoners like yourself, but more importantly to prevent full scale economic catastrophe resulting from too much negative equity and far more foreclosures, and consequences we can't even imagine.

We don't know what unemployment would have been, or how real estate would have crashed had they not done the stimulus they have done. I for one, short real estate (renting) might have benefited from a worse crash in RE prices.

ALso, it was congress along with the admin and the fed that did this, and they would have done it under a republican admin too.

Again, this is all a consequence of previous terrible policy.

marcus says

ALso, it was congress along with the admin and the fed that did this, and they would have done it under a republican admin too.
Again, this is all a consequence of previous terrible policy.

Both parties are responsible. But don't you see a continuation of these policies is not the means that is necessary to solve our problems?

RayAmerica says

But don’t you see a continuation of these policies is not the means that is necessary to solve our problems?

Read my responses above. I already addressed that.

I don't think you understand how bad things were in the beginning of 2009. The credit markets were completely broken and the banks were about to be pronounced dead. If we had just suddenly stopped all government spending, do you really think that would have worked ?

Give it a little time. And don't be such a one dimensional simpleton. We get it. You didn't want Obama or any "liberal" to be president, and all we are ever going to hear from you is constant repetition of the same bs whining. There is no possible scenario, even the most ridiculous success from Obama that will not lead to a "I told you so - he is a terrible president" from you Ray.

Can you at least agree with that ? Can you see it for even an instant ?

It's as if your entire identity is nothing more than the desire to be right. Why not try on some other points of view, if for no other reason than enriching your experience as a human.

best was to get back at these ripoff artists is to save money!!! goodluck to all!!!

The crowd estimates are beginning to come in for the Democratic pep rally (i.e. support Obama et all) held at the Mall in D.C. over the weekend. The rumor that there were more speakers than people in attendance appears to be false, but there is no official count, so that remains just my opinion.