The Fear of a Democratic Controlled Congress CAUSED the Housing bubble to burst!

and you thought it was Mortgage backed securities?  It was in 2007 when the capital investors starting pulling their money out of the market because they were scared of where a Democratic controlled Congress AND Presidency maybe might could take us.

And guess what?  They were right…90% taxes on private individuals income; Cap & Trade; Employee Free Choice Act; Nationalized Health Care and now Nationalized banks.

After the Dot-com bubble burst the economy came right back because the capital investors knew it was ‘just’ a bubble.  This time around it is far more insidious.  It’s about a regime that believes in attacking and demonizing capital investors and the essence of capitalism.

Government is NOT the answer…it is the PROBLEM!!!

Powers School of Capitalism at Shawboro

I have had the privilege of attending this fine institution.  It is, by far, the most unique in its concentration and teaching techniques. Advocating an interpretation of the Constitution and providing the indoctrinated with the opportunity to understand and analyze  otherwise inexorable forces of cause and effect that operate very much as other natural laws.  Offering a concise explanation of the laws of supply and demand; the cause of inflation; existence of economic law; the operation of foreign exchange rates, and the subjective nature of economic value.  The teachings result in complete respect for

 THE CONSTITUTION AND THE FREE MARKET!

90 DAYS!

WE ARE NOT ON THE ROAD TO SOCIALISM – WE ARE ON HIGH SPEED RAIL TO SOCIALISM! melody scalley

Wondering what the final outcome will be once all the dust settles?

There will be no middle class. 

There will be those that have a great deal of money and who own businesses that will ultimately profit from the directed programs proposed by the Obama administration.  And there will be everyone else who will be given no choice but to accept and rely on Government entitlement programs to survive in a very ‘Changed’ economic landscape.  A landscape that has no room for self reliance, free market, or individual investment. 

No one will be willing to invest  their own money for the purpose of promoting private industry to create jobs. They will not be willing to risk their hard earned wealth to pursue a greater return on their investment.  Those capital investors will keep their money out of the market.  Why should they invest their capital and risk that capital to create a job for you when they have no idea what the capital gains rate will be; when they have no idea if the business they invest in will be nationalized or regulated to an untenable level.  Was this the ‘CHANGE’ that you expected?

WE ARE NOT ON THE ROAD TO SOCIALISM – WE ARE ON HIGH SPEED RAIL TO SOCIALISM! melody scalley

Let the chips fall where they may and WAKE UP because Life IS NOT FAIR!!!

Adversity creates opportunity. 

Why did your favorite team WIN?  Because the other team LOST! 

Have you ever been first in your class? Received a promotion over someone else?  Qualified for a bonus over a co-worker that didn’t work as hard as you did?  Have you ever won a drawing, a game of bingo, a game of checkers even?!  In order for there to be a WINNER there must be a LOSER.  In order for there to be FIRST PLACE there is someone that came in second.

The housing bubble was a BUBBLE.  Anything that goes up faster than the GDP of the country is a BUBBLE.  If you bought at the height of the market, guess what?  YOU OVER PAID!  The foreclosures need to happen for the market to re-adjust.  Anything that artificially stops or delays the market from finding a market driven balance will only prolong the agony.  Will foreclosures effect the price of other homes.  OF COURSE.  GUESS WHAT?  Those homes values were artificially INFLATED too.  They were only worth that fictitious number ON PAPER.  Let the market adjust.  You know what might happen?  When the prices come back down to a realistic number MORE people will be able to AFFORD to buy.  When they do I hope they will put down at least 5% and only get a fixed rate mortgage.

Obama’s latest 75 BILLION DOLLAR mortgage bailout for certain borrowers is OUTRAGEOUS.  Why should people who lived within their means foot the bill for those who made poor choices.  I guess my friend that rents an apartment within his budget should have purchased a house over his means so that his neighbor could help him pay for it? 

My vote is for smaller Government and lower taxes and a free market.