Monday, January 28, 2008

State of the Union (Bush 7th of 7 Speaches)

The State of The Union address was well written, decently delivered, full of hope, but hard to take seriously. This would have been a great speech delivered as the first of his seven. However, that would have required some follow through. In this case, it's pretty words that fade into oblivion because "it's not my fault they didn't do what i said."

If only there were a feeling of sincerity rather than a hope to redeem a doomed legacy. As the song said, "we won't be fooled again". Well, time and time again, Americans have failed to hold true to the promise of that song.

We're happy that our government languishes in mediocrity while holding the same endless arguments that allow us to disparage each other based on party affiliation. We're alright with nothing getting done unless it happens to be done by "our party". Until it directly effects us, we literally don't care.

The politicians know this. The politicians cater to this. We are their enablers. They are the manifestation of our own inability to make decisions and see results. In short, we get what we pay for. We always get what we pay for.

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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?