Wednesday, March 18, 2009

Rants - March 18, 2009

Welcome to the March 18, 2009 edition of Rants.

Chris presents Investment Letters from a Financial Iwo Jima posted at Martial Development, saying, "These two short investment letters tell the sad story of the US economy..." 

One Weekly Gun presents About Rush Limbaugh - republican radio host posted at One Weekly Gun, saying, "Rush Limbaugh wishes Obama fails. Well, people on drugs can say the craziest things. This is a satirical song about Rush getting high and ranting." 

Wenchypoo presents Using Your Own Money Against You posted at Wisdom From Wenchypoo's Mental Wastebasket. 

Joey Martynowski presents Rick Santelli's Revolution and the White House's Response posted at The Last Capitalist, saying, "A rant about a rant. It's perfect." 

steven germain presents Rough Fractals: AIG - Behind The Scenes... posted at Rough Fractals, saying, "An inside view and analysis of what went wrong at AIG." 

 steven germain presents social policy in a financial crisis posted at Rough Fractals, saying, "Trying to enact progressive social policy in the midst of an economic crisis..." 

Obadiah Shoher presents Did Hamas win? posted at Samson BLinded. 

Wren Caulfield presents Darwin Award Nomination: the blogger that advocates overturning Roe v. Wade to save the economy posted at True Adventures in Money Hacking. 

Madeleine Begun Kane presents Ode To GOP Grovelers (Song Parody) posted at Mad Kane's Political Madness. 

Wenchypoo presents The Origins of Congressional Pork posted at Wisdom From Wenchypoo's Mental Wastebasket. 

Wenchypoo presents Using Our Own Money Against Us Part 3: Making Mole Hills into Mountains posted at Wisdom From Wenchypoo's Mental Wastebasket. 

NotYourDaddy presents Looting the Economy posted at Government is not your Daddy., saying, "We need to restore productivity, not just have government hire more people and create more bureaucracies to employ them. We need to create value, not pump more money into the economy, which only serves to devalue the money already in circulation. We cannot borrow our way out of debt, nor spend our way into solvency. We need to return to the basic foundations on which this once-great nation was built: hard work, self-reliance, entrepreneurship, industry, and personal responsibility." 

I agree, but it's in the approach where we differ. Right now, IMHO, we need the government to fill in where private enterprise won't or can't. It's the only way out. On the backside of this thing though, once the economic ship rights itself, we need a period of government SURPLUS. Don't let the GOP abuse it with "tax cuts."

It's how we run our households, right? Lose a job, and for a bit, run up the budget deficit. Things turn around, build up a surplus. It's really very simple. Government should do the same thing.

Problem is, people want their pet projects, but they want somebody else to pay for them. AND, we let them get away with it.

steven germain presents ideology and crisis posted at Rough Fractals, saying, "Ideology and crisis: opening a new door to a new dialogue..." 

Len Penzo presents Be Fiscally Irresponsible...Get $5000! posted at Len Penzo . Com, saying, "Don't look now, but after reviewing the Obama administration's Homeowner Affordability and Stability Plan, I can only conclude that our President has officially gone "full retard."" 

Do you think everybody in foreclosure is financially irresponsible?

The Gnome Lord presents People are Stupid posted at The Gnome Lord . com. 

Edmund Harriss presents Airports posted at Maxwell's Demon. 

Aetius Romulous presents The Death of The General posted at ScreamBucket. 

Benjamin Himlan presents Working the Line; An American Lifestyle: February 2009 posted at Working the Line; An American Lifestyle. 

Eric Michael Johnson presents The Nature of Partisan Politics-Part I posted at The Primate Diaries, saying, "Yuval Levin justifies partisan bickering based on false assumptions about human nature." 

Eric Michael Johnson presents The Nature of Partisan Politics-Part II posted at The Primate Diaries, saying, "Republicans from Mars, Democrats from Venus and the partisan assumptions about human nature." 

Shot presents The Looming Afghanistan Disaster posted at 

Wenchypoo presents Bailout Boomerangs posted at Wisdom From Wenchypoo's Mental Wastebasket. 

Nancy Miller presents Bioethics and a Woman’s Right to Choose posted at Becoming A Radiologist. 

Archvillain presents Highway Robbery posted at A Dark and Sinister Force for Good, saying, "Didn't we used to have a 4th Amendment?"

Wow. Crazy.

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Len Penzo said...

Regarding your loaded question, "Do I think *everybody* that is in foreclosure is financially irresponsible?"

The short answer is, of course not -- "everybody" is much too broad.

HOWEVER, do I think "most everybody" that is in foreclosure is financially irresponsible?



billspaced said...

Len, so you've covered your ass by saying 50 percent plus 1. That's cool. I wish I knew what the real number was...but I doubt that all these financially irresponsible people cropped up - all within the last 5 years.

After all, it's in the last 5 years that the mortgage meltdown originated, grew, then blew up, then burst.

But you may be right.