I do think that any effort to keep the interest rates low would be important
regardless because that is the ONLY silver lining right now. What I worry about
is the coming debt crisis that is looming on the horizon set to kick in ....
about 2 years down stream. If our debt continues to be sky high with no
significant sign of reduction nor any feasible plan to address it long term then
those that lend to us are going to change the lending interest rates - jack them
WAY up - according to Paul Ryan. That would be a devastating blow to all of us.
16 tillion is unthinkable and Obama's budget projects us at 20 trillion in
4 more years of the same borrowing and spending pattern. Taxing the rich
won't even put a tiny dent in the debt. IT will ONLY slow investing and
hiring even more. But as always I am speaking to home owners here...
which isn't the majority of Obama's base. I doubt his base even cares
about home prices or interest rates. Just food stamps and welfare.
The president's duties don't include hyping the real estate market any
more than they do hyping the stock market. Both are independent, though both
have controls they are supposed to follow. pat's crack about food
stamps and welfare is a sneer aimed straight at the "nasty" instinct
carried around by far too many. I'd be surprised if patriot even KNOWS a
Re: Mark B Eureka, CAWhen it comes to finances we always look at
California as an example of everything the liberals do wrong. Their combined
state and city debt is approximately one trillion dollars, two of the largest
cities just declared bankruptcy, businesses are leaving the state for greener
pastures, and their leaders are looking for new ways to tax their citizens so
they can spend themselves further into debt.If I lived in
California I'd be inclined not to bring the subject up.