Recent Entries
Just A Rambling Meandering Smattering of Almost-Completed Thoughts…
You Have To Serve Before You Can Lead
Seriously, Obama - Why In the World Southwest Virginia?
Monthly Archives
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
RSS Feeds
03
Tornado of Ignorance Sweeps Homes Away?
Mar 06, 2008For Dorothy, it was a tornado that swept her house away. For many new homeowners, it is the recent trend toward subprime loans and adjustable-rate mortgages.
I hate to see anyone lose their home. Tornados, though, are an act of nature. The financial contracts entered into by eager homeowners are not. They were a choice. For some, as it turns out, a bad choice.
So here comes Big Brother – whoops, make that Big Government – to lend them a hand.
I must have missed that paragraph in the Constitution.
On the state side, we have the Governor and the Senate approving legislation giving homeowners another 30 days beyond what normally be foreclosure point, during which they can pray for a miracle.
(http://www.tricities.com/tristate/tri/news/education.apx.-content-articles-TRI-2008-03-03-0022.html_
On the national side, we have Federal Reserve Chairman Bernanke actually encouraging banks to bite the big one and “forgive” (translate “cancel”) large portions of these homeowners’ mortgages. In other words, just forget about the money the banks are legally and rightfully owed.
http://www.ft.com/cms/s/0/361d85a6-ea58-11dc-b3c9-0000779fd2ac.html
Posted by Jody Lee McCain’s Faceless Threat
Mar 06, 2008There is an awful lot of talk about whether Hillary or Obama would make a better president.
But who do you think has a better chance of beating McCain? After all, unless they can do that, the question of who would be a better leader is moot.
And what will it take to take McCain down?
I do not think McCain’s age will be a major factor, though many disagree with me. And there are certainly enough folks around who believe that going to Iraq and tackling terrorism head-on was the RIGHT thing to do, that his agreement with Bush on that end will only hurt him, I think, to a limited degree.
No, the main thing - maybe the only thing - that can kill McCain’s chances is not a Democrat candidate – ANY Democrat candidate. It is whoever the Perot turns out to be.
