The real story of the housing / economic crisis

Watch this video. It is an older video but it is still relevent as it explains how we had the largest economic crisis in the nation's history since the great depression and who was really behind it. You have NOT seen this explained this clearly on TV. At times, some of the truth slips out but no one in the MSM will put the full picture together for you as the real blame falls on all of the "wrong" people. The media loves to blame this crisis on wall street, on the republicans, on evil capitalists, in fact on everyone but those that actually made this happen. This is a fantastic video.

Stimulate this...

Yet again the government wants to DO SOMETHING regardless of whether that something is good, bad or indifferent. There is absolutely NO way that any member of congress has read this bill and understands what is in it. I would suggest that as long as they got theirs, they do not really care what is in it. This Stimulus package was never really about stimulating the economy, that was just a convenient cover. If it really was about stimulating the economy and trying to make things better, it would have been cheaper, more efficient and more productive (not that I approve of this either) to just give every adult $10K to spend as they see fit. Some would pay down their debt (a good thing for credit), some would save it (a good thing for banks) and some would spend it (a good thing for businesses). The only people not "enriched" by this more simpler plan is politicians and those that they owe favors to.

P.S. And how in the wide, wide world of sports does giving money to ACORN help the economy? It does not, it is just more payback.

Hard rock luck hotel

The USA Today (maybe not a great paper but certainly a big paper, ran a story on how hard hit folks are in the current economic down turn. This particular story would have been ideal to run April 1st but alas this story is no joke. This is how USA Today chooses to express how hard hit the “little” guy is thanks to the current economy:

Carlos Bueno and his wife, Mayra, drove three times last year from their home in Houston to a casino in Lake Charles, La., but they won't be making the two-hour drive this summer.

"Gas prices are the main reason," says the 32-year-old father of three children who works for a utility company and also is canceling the family's annual vacation to the Dominican Republic. . . .

To save money on casino trips, Al Katz sold his SUV last month and bought a more fuel-efficient Toyota Camry.

Katz, a 55-year-old comedian, drives with his wife, Colleen, about 70 miles every week or two from his home in Kissimmee, Fla., to the Hard Rock Casino in Tampa. They also drive more than nine hours a few times each year to gamble in Biloxi, Miss.

"We may have to eliminate a trip or two" if the economic downturn continues, says Katz, who entertains on cruise ships. "Every time I get off a cruise ship, gas is a quarter more expensive."

Marie Braun, 45, of Olathe, Kan., has already made the decision to cut back, from five casino visits a year to two or three visits. Gas is too expensive for a 60-mile round trip to Missouri, says Braun, who works for a telecommunications company.

"It's pretty tough to justify spending money on any kind of entertainment when it costs so much just to get to work each day," she says.

Oh so sad! These people are on the verge of loosing EVERYTHING due to the economy! They have no food, no home, no cars… no wait, they do have those things and in fact they have much more. They actually seem to have so much disposable income (even in this devastating economy) that they can still afford to take multiple trips a year to give their excess money to casinos.

This is similar to the old story of the cold war in the former USSR. There they used to show news clips from the 60s and 70s of war protesters and riots to demonstrate how bad things were in America and what the viewers took away was “they all have new shoes”.

The news is so worked up over pushing the story of a bad US economy that they will latch onto anything to help make their point, not realizing how ridicules their examples come across.

It is almost the punch line of a joke “the economy is SO bad… How bad it is? It is so bad, this year I can only afford 2 trips to Vegas to gamble!”

Oh the suffering from this collapsing economy!

The last thing Marti Tracy wants to do on a Saturday is clip coupons. But last month the 34-year-old Bowie resident felt she no longer had a choice. She'd already given up organic meat and decided to buy organic milk only for her 2-year-old son, not for the whole family.

Tracy and her partner also stopped buying the cereals they like in favor of whatever was on sale; stopped picking up convenient single-size packs of juice, water or crackers; and, in order to save gas, stopped going to multiple stores. "I find the whole thing a huge hassle, but I've reached a tipping point," said Tracy, a government human resources specialist who is pregnant with her second child. "Clearly, I'm not unable to feed my family. But I just can't feed my family the way I'd like to feed them."

If things are so hard on Marti and her partner, why is she pregnant with her second child? You have the children you can afford not the children you want, if you love them and want the best for them. Here is a person that is stating that she sees the writing on the wall and that her finances are getting squeezed. So what does she do? Why have another child of course!

Also I would love to add up the money she has wasted over the years by buying "convenient single-size packs of juice, water and crackers". Had she been buying in bulk she would have been both saving the environment and money.