Williamsburgs Real Estate Blog and more!

I find it amazing that so many average people with normal intelligence and perspective can see that this stimulus package is nothing more that a big fat liberal IOU that will never be paid back and more than likely will be just the beginning. Yet the experts, PHD's and industry professionals that were were around while this economic crisis was building, were and are responsible for fixing it.

The general consensus is that the housing industry is at the root of the problem and solution yet more, much more is being spent on health care, new governement agencies and creating a few million jobs-perhaps-over the next several years. They want to build roads again. Is the out of work wall street exec really going to put on some Timberline's and Carhardt's and lay some asphalt? If the housing crisis is at the root, don't you think it should be getting the most water?

$1,000,000 would pay 20 people $50,000 a year

$100,000,000 will pay 2000 people $50,000/year

$1,000,000,000 will pay 20000 people $50,000/ year

$880,000,000,000 will pay 1,760,000 people $50,000/year.

That is a lot of money! Now, if 10 million homeowners were behind $20,000 on their mortgage the price tag would have only been $200,000,000,000. And I doubt that there are 10,000,000 homeowners behind $20,000. Sure there may be some that are more behind, and some less behind but nobody has asked the banks to provide a number. Perhaps the banks want to continue perpetuating the myth that is is more dire than it might really be.  How hard would it be to get a number for the amount people are behind? Why has it been so hard to ask?

Now they are considering restructuring peoples mortgages. What will happen when the homeowner sells in 3 years when the value shoots up not over the reduced mortgage amount, but from todays value. Who will get the profit, the reward. Will it be the bank, the government or the homeowner who reduced his risk that gets the reward? For all of the hardworking, struggling homeowners working more than one job to honor their commitments any subsidy or rewriting of a mortgage will be a slap in the face and an open invitation to people to stop honoring their commitments and get in line for the government hand out.

When all this free money disappears the problem will still be there. We can't give the money to the states for infrastructure spending because they have been as irresponsible as the government and the homeowner who over bought.

There is no guarantee in life, there is no reward without risk. The liberal agenda has always been that there is a guarantee and right to have everything your neighbor has. We are heading down a slippery slope that is getting steeper and steeper. The bottom of the slope is now a nearly $12,000,000,000,000 deficit or somewhere near $40,000 for every breathing american assuming there are still only 300 million people living here. I'll give the government my $40,000 if they let me keep all of my income and let me take care of my family and security myself.

With $800 Billion, the government could by Microsoft, Apple, Google, Circuit City, Bank of America, Sears, Home Depot, Lowes, and probably every car dealer in the country and still have a few billion left over. Seems like a good buy and they could actually stimulate the economy-as long as we don't let the government run them. Let's find some high school graduates and a few college drop outs to run the economy. I'll bet it gets run better!