tag:blogger.com,1999:blog-6492542366661862113.post1481789553886803419..comments2023-10-31T01:32:09.169-07:00Comments on The Housing Time Bomb: Obama's Flip Flopping Needs to StopJeffhttp://www.blogger.com/profile/04450070920047311928noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-6492542366661862113.post-6829652799923777732009-02-23T03:13:00.000-08:002009-02-23T03:13:00.000-08:00I'm not sure we will learn from our mistakes. My ...I'm not sure we will learn from our mistakes. My concern is that we are creating a whole new generation of people who believe it is okay to lie (look at the number of politicians who have lied on TV), cheat (look at all the tax cheats who have made it big in this administration, and/or run a huge personal financial deficeit. Our countries integrity is going down the toilet.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-5869337315257676222009-02-21T16:01:00.000-08:002009-02-21T16:01:00.000-08:00JeffI agree.Hopefully we learn from our mistakes n...Jeff<BR/><BR/>I agree.<BR/><BR/>Hopefully we learn from our mistakes never and see this again in our lifetimes.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-83339483431046037452009-02-21T15:16:00.000-08:002009-02-21T15:16:00.000-08:00Personally I think this country has to suffer the ...Personally I think this country has to suffer the 2nd Great Depression. Only then the young and future generation of Americans will truly learn the value of money, saving and smart spending. <BR/><BR/>JeffAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-45921132752892371452009-02-21T11:38:00.000-08:002009-02-21T11:38:00.000-08:00Jeff & Jason,I couldn't agree more.Jeff & Jason,<BR/><BR/>I couldn't agree more.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-66124580951864005082009-02-21T10:02:00.000-08:002009-02-21T10:02:00.000-08:00JasonCouldn't agree more. This problem was created...Jason<BR/><BR/>Couldn't agree more. This problem was created by people who were consumed with greed. <BR/><BR/>The citizens who lived within their means should not have to bailout people who made bad choices.<BR/><BR/>Your idea about teaching our future generations about the value of a dollar in school is a great idea!<BR/><BR/>Perhaps this would prevent us from ever doing this again.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-38816509884468728302009-02-21T06:54:00.000-08:002009-02-21T06:54:00.000-08:00I have zero confidence in any of our politician. I...I have zero confidence in any of our politician. I love how the news keeps saying "we are all in the same boat". No we are not!! we were financially responsible we bought a house we knew we could afford!! We bought cars we could afford!! didn't run up a lot of credit card debt!! Oh yea and we are not on the verge of bankruptcy and foreclosure either.<BR/><BR/>Maybe we should teach more financial literacy in our public school?<BR/><BR/>I agree this is going to be a PR nightmare for obama. Huge mistake in my opinion.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-9193083193476169972009-02-20T23:18:00.000-08:002009-02-20T23:18:00.000-08:00JoeyI certianly understand your view.I guess my po...Joey<BR/><BR/>I certianly understand your view.<BR/><BR/>I guess my point is does delaying the pain make the stock market go to 3k?<BR/><BR/>I undertand Obama's dilemma but the market wants answers. <BR/><BR/>If the pain is inevitable then doesn't it make sense to get it out of the way?<BR/><BR/>I think the civil unrest is going to happen regardless.<BR/><BR/>It is a tough situation and I am glad I am not prez. <BR/><BR/>However, I think we are making things worse by continuing to kick the can down the road.<BR/><BR/>You bring up some excellent points.Jeffhttps://www.blogger.com/profile/12694642495493981729noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-48103686136583588052009-02-20T18:02:00.000-08:002009-02-20T18:02:00.000-08:00p.s As for the flip flopping: He's stuck between a...p.s As for the flip flopping: He's stuck between a rock and well, a rock. <BR/><BR/>Besides, I have little sympathy for people who have NOT pulled all their money from the market (aside from traders). If they haven't seen the writing on the wall at this point.....What else could it possibly take.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-70308845013308569592009-02-20T17:52:00.000-08:002009-02-20T17:52:00.000-08:00Jeff,I believe this is the first time I disagree w...Jeff,<BR/><BR/>I believe this is the first time I disagree with you. : ) <BR/><BR/>IMO, Obama is trying to throw everything he can at the problem knowing the alternative is just too nightmarish. <BR/><BR/>Who knows, maybe the admin. is delaying so they can solidify substitute factions to handle the oncoming economic destruction. <BR/><BR/>Everyday I'm constantly seeing more and more anger. I dare say we're sitting on a powder keg of serious social unrest, that at this point would take very little to ignite. <BR/><BR/>Again, imo, I think everyone needs to just chill out. All it takes is one crazy F&*% (an as you know in America we are clearly not lacking in that department) to go "postal" and the whole thing goes BOOM.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-86662220965815425472009-02-20T17:24:00.000-08:002009-02-20T17:24:00.000-08:00Thanks ComplacentI try!Thanks Complacent<BR/><BR/>I try!Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-31053089384296006142009-02-20T17:00:00.000-08:002009-02-20T17:00:00.000-08:00Amen!Your rants rival Rick Santelli's =)Amen!<BR/><BR/>Your rants rival Rick Santelli's =)Complacent Pandahttps://www.blogger.com/profile/17566522990764421703noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-49094786791291374262009-02-20T16:29:00.000-08:002009-02-20T16:29:00.000-08:00MintonI really like GartmanThanks for the read. I...Minton<BR/><BR/>I really like Gartman<BR/><BR/>Thanks for the read. I think we are about to see another leg down as well.<BR/><BR/>Talked to a friend who is a financial planner today and he said that people are terrified.<BR/><BR/>It may be time for an old school capitulation panic!Jeffhttps://www.blogger.com/profile/12694642495493981729noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-67108406465454337772009-02-20T15:04:00.000-08:002009-02-20T15:04:00.000-08:00Jeff, I think you're overlooking the fact that Oba...Jeff, I think you're overlooking the fact that Obama was busy in Canada yesterday. It's all about getting your priorities right. :-) Seriously, at this point, I'm 100% out of the market in every respect - I have no confidence in any of these guys. I agree with you that Obama is looking pretty ineffective at the moment.<BR/><BR/>The Gartman letter, btw, mentioned today:<BR/><BR/>"SHARE PRICES ARE WEAKER YET<BR/>AGAIN, and we are becoming very, very concerned<BR/>that the public is on the brink of abandoning their share<BR/>holdings en masse, facilitating a literal “Crash” in<BR/>prices. Bombarded daily and almost hourly by the<BR/>bleak news of the day, and bombarded each day by<BR/>the fact that his/her stock portfolio or 401K has been<BR/>decimated, the retail buyer of stocks is on the verge of<BR/>dumping everything for his/her share holdings are the<BR/>only things her or she still believes they’ve control over."James Bhttps://www.blogger.com/profile/13052914767131527583noreply@blogger.com