GeckoFood's Journal: [US] More economic pain

Another 697,000 jobs lost in a single month.

As a conservative, do I blame Obama? Actually, no, I don't. This crap was in motion long before Obama was even a blip on the radar. This goes back deeper than that, to an administration that told the mortgage companies to find a way to lend to people that could not afford to buy a home. It also falls on the mortgage companies that said, "Yeah, sure thing." I personally think Obama is making it worse with his mammoth spending bill, but that's another story completely and it will take time to see how it plays out - I could be wrong and will admit I misjudged if he ends up being right.

Blood and Souls

[Philip K Dickhead]

Wednesday, March 04, 2009

Cause & Effect "In a Time of War"

Avedon pulls together a lot of posts responding to the revelation that, duh, Bu$hie's kewl cruel crew pretty much operated like a dictatorship [sideshow.me.uk]:

...no one mentions the other big hole in what appears to be everyone's excuse for this illegal madness, which is that people got a bit carried away in the days after September 11th of 2001. See, this doesn't work too well with the revelation that the NSA program of illegal spying on Americ

The mortgage companies apparently Fscked it

[Marxist Hacker 42]

Seeing as how Habitat for Humanity serves *exactly* the same subprime market, yet has only a 1% default rate.

Of course, their version is a fixed rate 0%, with payments pegged at 30% of income, and 500 hours of "sweat equity" in building the house in the first place, so maybe usury laws could help here.

The answer of course is

[tqft]

http://img19.imageshack.us/img19/4374/609336001825053.jpg [imageshack.us]

Re:

[Qzukk]

Good luck with that. As long as people are being howled at for starting families they "can't support", the sane ones won't be the ones rushing headlong into the spawning grounds.