Comments on: The Data Behind the Housing Hit

By: Tim from Ambler PA

Tim from Ambler PA — Mon, 03 Nov 2008 07:46:06 +0000

The trickle down theory has been proven…look at what happened during the 12 years of Reaganomics which led to the ECONOMY that fed the Clinton years the revenue of surplus. It wasnt the TAX plan that enabled that. Besides, the Clinton years werent that great. If Gore invented the Internet (He didnt…DARPANET was the inception of the internet) then him and Clinton was also to blame for the DOTCOM bubble bursting. Remember Bush inherited an economy after year of layoffs from that.

I agree Taxes are part of Corporate Overhead essentially. I personally believe this World Economic turmoil has something to do with the World Bank Database intrusions that happened. Economic Terrorism at its finest. Alot easier to topple economies when you have access to the data to find the one pixie stick to topple the whole stack.

By: jwa

jwa — Sun, 02 Nov 2008 16:55:43 +0000

trickle down at its finest. same goes for tax plan of one party. do most people understand companies just pass on tax (for the most part) to consumers and/or reduce spending (fewer jobs and less paid out to stockholders) this all reduces productive cash flow and redistributes money to non-producers who tend to buy goods/services that send $ out of the country.

By: Tim from Ambler PA

Tim from Ambler PA — Sun, 02 Nov 2008 04:50:37 +0000

Well DUH, New homes decline you would assume any dependent business’ would decline as well. Credit / loans freezes, any company with a dependency on credit/loans would also freeze. The main problem with the housing industry is now we have a growing surplus due to foreclosures. Intrestingly enough, in order to move the stock we have in houses there will be drops in prices to get them off the books, benefitting the purchasers eventually when the housing market comes out of the storm.

Re-Enact the Glass Steagle Act, dont make mortgages a commodity. If we learn anything from this at all, learn from history…the 2 times since right before the great Depression that we made the same mistake. Wall street has proven itself to be self corrupting instead of self correcting.

Get this fixed America or its gonna happen again…and if it does, we may just not be in a position to dig ourselves out of this whole we are in. The last time it happened WE had the great depression, this time It affected the whole world in a negative way…next time ??

By: Dan Lozzi

Dan Lozzi — Sun, 02 Nov 2008 00:56:44 +0000

I think there are many more families on the brink of financial failure. The cost of oil has heart so badly, that even the people that were responsible are living paycheck to paycheck. Many homeowners took out lines of credit to improve their homes, they were able to afford it when energy prices were low. When oil was allowed to skyrocket, because of speculation not demand, every bill homeowners received were quadrupled.