tag:blogger.com,1999:blog-2335748440449035592.post2853031504535205181..comments2008-02-14T16:10:02.864-05:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2335748440449035592.post-32591022370038494932008-02-14T16:10:00.000-05:002008-02-14T16:10:00.000-05:00I think many people feel the same. If you read a lot of comments section on these type of stories on WSJ blog, or CBSMarketwatch there are a lot of incensed people. They say "let the market work". THe problem with that is in each house there is a voter. And for all the same reasons we have a stupid rebate check being sent to us (buy votes), instead of using $150B for say infrastructure rebuild which would actually provide jobs - these things will have a chance.<BR/><BR/>Lobbyists run this country now - hence I hope Obama/McCain are the final 2 - at least we have 2 people who instead of wanting to work "within" the system, have actually tried to work against it. I think many people are sick of it. Just like in 2005 when that new healthcare plan was passed in the dead of the night (written by lobbyists and giving lawmakers less than 24 hours to read a 1000 page document) and it did not allow govt to negtotiate on drug prices :) <BR/><BR/>Anyhow, all investors care about it "cut rates" and "make the market go back up by any way possible" so I am sure these plans have massive support on the Street :) Oh wait... the Street (greedy banks) are the ones proposing it....TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-18996851366277057612008-02-14T15:51:00.000-05:002008-02-14T15:51:00.000-05:00I'm not even sure I can read these stories anymore. A couple years ago I started looking to buy a house. After seeing the prices and doing the research I concluded they were way overpriced and that there was no way they could continue to appreciate. Many people told me "real estate always goes up" or "if you don't buy now, you'll never afford it", but I held strong. <BR/><BR/>So now that I did the fiscally responsible thing and saved money waiting for the turn around I am going to be punished by the government. I'm not even sure what to say about it anymore /sighMichaelhttp://www.blogger.com/profile/14603027333434481007noreply@blogger.com