Irvine Housing Blog

The important point is to be aware of it, understand the problem (inflation) it creates, and use your good judgement to decide where to put your money (probably not in a bank account at 2%)so as to not get slowly crushed financially.

The more people who understand and act can show banks a vote of “no confidence”.

Eventually they will be forced to offer you a higher return.

This was a vote against national health care, that’s all.  It was the only way they knew how to stop it.

It’s my understanding that the new senator didn’t use the GOP tag in his campaign.  I do not believe this had anything to do with republican v. democrat.  This was purely a rejection of the good ol’ boy network, something Obama has participated in.  If anything, Obama has become more of a whore to the banks/WS, than the monkey man before him.

I posted last week that Obama had better fire Geithner, and renominate another candidate to run the Fed ... and then get serious about the bullshit going on with the banks.  These are hard choices, but they must be done.

The American People are pissed off, not because the democrats can’t pass health care, but rather because Wall Street is STILL RIPPING US OFF, and Obama is in bed with those fu**ers.

Ok, but why would they think that this guy will be any different?  Why would he not be part of the good ol’ boy network?  They know he is not. But, the one difference he can and will make is to stop nationalized health care.  And even the less than liberal dems are scared of nationalized health care.  No?

Massachusetts wasn’t ready to elect another democratic senator for life on the basis of that weak democratic field and special election. Once elected Martha Coakley would become established in office and near impossible to unseat with another democrat. Brown will be one and done. So the liberal base didn’t show as strongly as it could have.

Massachusetts has lots of folks who think they’re conservative. Until they meet “real” conservatives from the republican base. And then they’re surprised when Mitt Romney acts totally contrary to everything MA holds dear, and they’ll be equally surprised if Brown turns out to be a national Republican rather than a good ol’ New England Republican like Lincoln Chaffe.

I think you are wrong on that. I’m sure for a sizable chunk of people that was an issue, but these same people would have voted against Coakley simple because they are staunch Republicans. Coakley lost the election because her base turned against her. This was state politics at work. Coakley used to be a DA and had some real baggage related to that position. Most notably, a child rape case that was politicized. She previously lost her DA reelection to a Republican. Why she was the Democratic candidate is beyond me… and is just one more reason I could never join that party.

As far as health insurance reform… It’s all in Nancy Pelosi’s hands now. Hopefully, she will get the House Democrats to pass the Senate bill by promising to fix the thing through budget reconciliation. That means getting rid of – or significantly reducing - the health insurance excise tax and moving the burden to the upper income earners that have been getting a free ride for the last two decades. (Pay your friggin taxes you deadbeats! The middle class aren’t your slaves.) And also putting the public option back in.

Doing this would get all the good regulatory reform that is in the Senate bill, while getting rid of the giveaway to the insurance companies. The hell if I want to be forced to give my money to the pricks that stalled my dad’s cancer treatment. Give me a public plan any day.

Passing the Senate bill and fixing it through budget reconciliation bypasses the filibuster in the Senate. Luckily, budgetary issues (if I remember right) must be initiated by the House. Since Pelosi has the biggest set of balls in the Democratic Party, I’m relatively confident this will happen.

Of course, it wouldn’t shock me to see the Democrats, once again, blow it. We need run-off elections and more political parties in this country. I’m sick of having two conservative parties running things. Well, I guess one of the parties isn’t really conservative… just insane.

BTW, that was supposed to be a reply to awgee.

Obama is not going to wake up.

Nothing will change until Americans vote Independent.  I do not believe this will happen in my lifetime so I am at peace with having a beer and watching these two groups of buffoons have at it.

Dude, this isn’t going to happen as long as there aren’t national run-off elections.

I think there is one thing most people can agree on. Both the Democratic and Republican parties suck. But, at least the Democrats just suck at getting good legislation passed – they truly are a bunch of pussies. The Republicans, on the other hand, are good at getting suck ass legislation passed. Whoo hoo Republicans! I’d admire the Republican Party for keeping their representatives unified, but they are only unified because the rank and file can’t think for their selves.

“Here’s your talking points, sir.”

“Death Panels? Sounds good.”

“So what happens to the borrower if he defaults?  He loses the property ...”

Wrong. He can not lose what he does not own.

Underwater borrower has: 1). credit score, 2). responsibility to make payments 3). illusion of property ownership.

Wrong. He can not lose what he does not own.

Stop being ridiculous and playing games with language semantics. 

When he stops paying, he will lose his privilege to live in the house; I thought that was the overly verbose way of saying “He will lose the house”.