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Category Archives: Institutional Derangement

When it comes to the members of Congress and the Executive, so long as they do no harm to the economy or to our national security, and do not further usurp what is left of our freedoms, I am not particularly bothered by who is in the chairs. I advocate politically only when I see any of this going off the rails, which it tends to do on a regular basis.

Hanlon’s Razor: “Never attribute to malice that which is adequately explained by stupidity.” When I look at Washington, I see both at full throttle most of the time. When I look at the parties, they wax and wane between the two by my lights, but as a decades-long student of history, I see more malice from the left and more idealism for its own sake, and more political stupidity from the right.

On idealism: “Idealism is fine, but as it approaches reality, the costs become prohibitive.” We have progressed beyond this tipping point. “Dubya” was responsible for it and Obama hammered down the throttle. And here we are.

The blather and Sturm and Drang around the “Cliff” has become white noise, both sides playing chicken with something they created in the first place, both seeing everything through a political calculus. I am not an advisor to the GOP, but I do have a piece of advice for them: If you do not want to become a permanent political extension of the left, say this to the American public, “Raising taxes on those who now already pay most of the taxes is nothing more than an appeal to class warfare. It will accomplish next to nothing regarding deficit spending. On the other hand, we could eliminate 50% of current positions in the federal government with little to no impact on current services. We are open to broadening the tax base, but will not go along with any such proposal which does not simultaneously and permanently reduce spending $1.50 for every $1.00 in new taxation.” Then let it ride.

The election is over. You blew it (and I backed you). More elections are coming and all you can do is hold to your principles while you figure out how to be politically smarter.

According to zillow.com, the real estate market tracking site, 87% of home value losses have occurred in the following states: California, Nevada, Florida, Arizona. [See some details of the Sacremento, CA area at: http://flippersintrouble.blogspot.com%5D

If you know anything about the national scene, this is hardly surprising. Nor is it surprising that subprime loans (those made largely to low-income people) comprise 84% of all foreclosures – and that attempts to shore up their payment ability has not worked.

Since before the Clinton administration, Washington’s policy has been to push / force banks to make loans to unqualified individuals and the current stimulus continues to do that.

Everyone would like to have a home of their own or be in a better one, and knows that homes cost money up front and every month. In today’s bizzare atmosphere there is actually an option as to whose money is used to purchase a home, the buyer’s or the US taxpayer’s.  Washington’s current policy effectively leaves taxpayers with the bill for unqualified buyers and leaves everyone else to fend for themselves.