"Gifted" Obama-Biden Economy Buying Houses & Housing Products--Not Hoarding Credit!

[mascale]

The $60.0 tril U. S. Credit Market would otherwise be enriching every person on the planet, $8,500.00 per person. That would be $34,000.00 per family of four. Instead, Romney-Ryan-Boehner-Cantor-McConnell-Jindal-Gingrich, Paul, Paul, et. al. took Jesus Christ away from America--likely trying to confuse the Mormons(?)!

The population of the United States is only about 5% of the 7 bil. person total. Even in the United States, not that many houeholds are enriched $170,000.00 per person, $680,000.00. Instead, in the United States, the poor were unable to pay the mortgages, and the rich thought they actually had asset-backed paper. The rich houses all came tumbling on down.

The rest is the stuff of legend. Bush-Cheney-Paulson took out more credit, and sent it off to the bankers instead. These were the business experts, after all(?)! Surely they would know what to do with the money. Clearly they kept it for themselves(?)!

Actually, Obama is only half-White, and mostly everyone credits Biden with being. . .Vice President Biden. Reagan had taken what deficit there was, and sent it off to the already prosperous defense contractors. Obama would take what deficit there was, and send it off to the state and local bureaucrats, and to the school and public colleges, and university, employed. Some of the folks at university were making incomes between $250,000.00 and $400,000.00 per year. The Ivy League knew better than to be at all concerned with a tax base.

Obama-Biden created the Refundable "Make-Work-Pay-Income-Tax-Credit," at $400.00 per person or so. That went on for two years. Then Obama-McConnell got Boehner-Cantor to agree to the 2% payroll tax holiday. Boehner-Cantor(?)-Romney(?) were not about to have anything to do with the Christ-inspired, "Make-Work-Pay-Income-Tax-Credit." If Jesus Christ had visited America once before, apparently the reasoning ran. . .then there was no further reasoning to have the Little Jew, around again(?)!

The Party of Abraham Lincoln is quaint, about these matters.

So other measures were taken to prop up the housing market. Now there are home sales increasing 2% every month, and Home Depot is becoming a major stock of investing interest! Lowe's is already becoming a major stock of investing interest.

Lowe's earnings, stock keep improving - The Buzz - Investment and Stock Market News

The customary trick of fiscal "austerity," of 19th century European Throwback tradition, is to keep what money there is among the rich, who hoard it, and make sure that people cannot pay the mortgages. What the rich are hoarding becomes of no further value anymore, as an outcome. That is called reasoning failure, anywhere worldwide--with the notable exceptions of Harvard, Yale, Princeton, Cornell, Columbia, Dartmouth, U of Pennsylvania, Brown, Ole' Miss(?). . .and virtually all of any others that so aspire.

Credit Market run economies--even according to Karl Marx, (no relation to Groucho, Harpo, or the other ones famous)--Credit Market run economies are necessarily inclusive in their nature. The credit has to be repaid. That requires a paying market.

That is a "gifted" market! France actually understands about taxing the hoarded credit!

"Crow, James Crow: Shaken, Not Stirred!"
(Maybe Romneys come to Lands of Many Nations! Buy up Turquoise! Hoard It! Live Happily ever after, awash in plenty cold cereal!)

 

[RosieS]

'Zactly. Loan it out or create jobs with it. If not...cough. up half of it in taxes.

Bankers and Wall Street are keeping the $$ hostage thinking to force deregulation. Ask the Republicans how well saying No! No! to Obama works. Not.

Regards from Rosie

 

[mascale]

So after Secretary Geithner had helped to take what TARP relief there was, and send it off to the already Prosperous, Then he went forward with "The Stress Test:" Possibly reflecting an ancestry, in a place called, "Brooklyn(?)!" Millions are not clear to this date: About how it is they talk. Just coincidentally, many of them live there(?)!

And so we have, "The Stress Test!" The stress test assumes an unemployment rate, a contraction in gross domestic product, and home-price declines of major disaster proportions--on top of the disaster, already addressed under TARP(?). . .by Geithner! Secretary Geithner, actually created that test(?). In an Ivy League, Obama Administration: He even got away with it(?)! Anyone might conclude that probably Brooklyn too: Will start to learn the Mandarin Dialect, of the Chinese, in the near-term, just like Tim.

Can the banks raise capital, having already blown it: Is the concept(?)! Anyone guesses that Mao Tse Tung had a far more charming way of addressing the problem! In the Ivy League, Obama Administration: How much more taxpayer largesse will the Ivy League bankers really need(?)! Only the Alumni Associations, know for sure--in that kind of test.

Nothing systemic is addressed. Dodd-Franklin is given the short-shrift it became. No guidelines for guillotine-creation are provided(?). No test is provided for preventive-investment, or remedial investment. There is no concept of any bail-out strategies within the banking sector. The concept is to relieve the stress, only among the Ivy League!

That paragraph is the sort of assessment that needs to be read from a teleprompter, unrehearsed(?)! It is not clear that any potential donors, would come to a conference call. Likely there are contract and property rights included in the stress test, having nothing to do with any other rights of any other parties: Even not related to the dubious loans and practices in place. The banks are treated as being iconic, and not a part of an overall financial system. No assessment of re-engagement, in those sectors, is included.

On the other hand, Apparently even the Republican leaders were unaware that candidate Romney would be able to conclude that most of the US economy was made up of gifts. Even more, Candidate Romney would be able to conclude that the gifts were solely based on contraception(?). . .and mostly among minority women. . .or something(?)! So in point of fact, According to candidte Romney, it's whatever there really is in the health plan that caused the election of Obama-Biden. Taxes on the rich had never come up(?)!

Clever Mitt(?), of the Ivy League!

"Crow, James Crow: Shaken, Not Stirred!"
(Little papoose seen to play with ducky. . . .made of. . . .hmmmm!)