Tuesday, January 8, 2008

CHANGE (yeah, just a little more)

Yes, this word happens to be a pet-peeve of mine when it comes to election politics.

CHANGE is a word emphasized by the candidate with the least to say. They have nothing else to offer so they hide behind a generic word that means nothing. They do this because they know that the average American assumes they mean some sort of directed "change for the better".

The candidates know that and use this word simply as a marketing tool. Something like a rich uncle offering you a job at his investment banking company. You assume you're going to be sitting in a big office in the 50th floor overlooking times square. However, you soon find that your promise was actually for a spot riding a 10speed around town delivering papers.

Change means nothing unless there is a specific attainable change that has some likelihood of becoming a reality rather than am empty campaign promise.

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The Mortgage Crisis

The mortgage crisis could not have been an accident. The people that "approved" the mortgages KNEW that:

  1. Were going to have prohibitive payments in 12 to 24 months
  2. Were going to be on property worth far less than what they sold for within 12 to 24 months
  3. Would be forclosed on because they couldn't sell for the amount of the mortgage

Bankers blame it on homeowners making bad decisions or not having foresight. However, those bankers get very uncomfortable when you point out that these mortgage were all approved by bankers that get PAID to know the market and it's trends.

When you point out that regular people like you and I saw this coming back in 2004/2005, they start to tap their fingers and look around nervously.

The short answer is that they set us up and we don't know "why".

Mortgages traditionally require people prove they can make the payments even when the market is not headed down. The banks knew exactly what they were doing...

The Media On It's Knees

Why is it that the mainstream media is clamoring on their knees in front of Obama as if their unwarranted affection will somehow lower his zipper and give them what they so desperately seem to want?