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Are Politicians Purposely Trying To Ruin The U.S. Housing Market?

March 8, 2012 by  

Wayne Allyn Root weighs in on the unintended consequences of politicians’ and governments’ intervention in financial markets. Exhibit A is on display today: the U.S. housing market. Root believes proposals by both President Barack Obama and even Republican politicians could become the final blow that destroys the housing market and damages the U.S. economy.

Wayne Allyn Root

(W.A.R.) is a former Presidential candidate, the 2008 Libertarian Vice Presidential nominee, and a Libertarian-conservative national media star. His new book, “The Ultimate Obama Survival Guide” is a #1 national best-seller in bookstores, as well as an Amazon #1 Finance and Conservative bestseller. A former CNBC anchorman and host (then known as Financial News Network), Root is the ultimate Capitalist Evangelist: a blue-collar S.O.B. (son of a butcher) turned CEO, small businessman, serial entrepreneur, business speaker, and TV/radio commentator on the topics of business, economics, entrepreneurship, and politics. Root is a regular guest on Fox News, as well as on hundreds of conservative talk radio shows across the United States. His opinions reach tens of millions of Americans as a regular columnist and commentator for many of the most popular political and business websites, including FoxNews.com. He also writes regularly for The Washington Times. He is the bestselling author of eight books. Root serves as national spokesman for several companies, as well as a Senior Economic Advisor. Root is also well known in the television and media industries. He has hosted, starred and produced many television shows. Today, he is a producer of the highest-rated television show on Travel Channel. Because of his success in the diverse fields of business, media, sports, entertainment and publishing, Root was awarded his own 180-pound granite star in the Las Vegas Walk of Stars. Only 60 legends in the history of Las Vegas have received a star on Las Vegas Boulevard. A native New Yorker and graduate of prestigious Columbia University, this Capitalist Evangelist proudly resides in Nevada, a state with no income tax. His website is ROOTforAmerica.com.

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  • FreedomFighter

    Dead on Mr Root. Only I believe its on purpose.

    Obama is the destroyer of America, mindless socialism designed to collapse America and bring in the solution: NWO socialism.

    Laus Deo
    Semper Fi

    • Rocky Night

      Socialism is a wonderful thing until you run out of somebody else s money.

      • mark

        JUST ASK GREECE, THEY ARE FINDING OUT, ALL WILL FIND THIS OUT, PEOPLE FORGET RESENT HISTORY, PRAGUE, 1957.

      • Sirian

        Ah, a quote of the IRON LADY. True, very true!!

      • Christin

        Rocky,

        Socialism is NEVER a good thing… only a Free Republic is a good thing… the one we are quickly losing.

        Right on Wayne Allen Root,

        Love your informative, no-nonsense videos…

        Be waiting for YOU to talk to Politicians and Congress to educate them, esp Barney Frank (can’t believe he is still allowed to make decisions for our country), BUT I have a feeling that many Including Romneycare and especially the marxist O Know Exactly how to Collapse the Country and have been hard at work doing so at their master’s request.

    • DaveH

      I don’t think the Politicians are purposely trying to destroy the housing market, but they are purposely trying to aid their favored Crony Capitalists with subsidies, regulations, and other forms of protection. Their meddling results in misallocation of financial and natural resources so, instead of those being used most efficiently by Free Market Capitalists who do need them, they are wasted on companies which are not producing products desired by the consumers and rightfully should be left to shed their undesirable operations or fail.

      • TML

        “I don’t think the Politicians are purposely trying to destroy the housing market…”

        I agree. It’s merely incompetence

      • http://gravatar.com/hattles JeffH

        DaveH, well sad as my first thought was crony-capitalism too.

      • ” patrick H.T. paine “

        “To conquer, first DIVIDE!!!”

        Mr Root begins his presentation with the term “unintended consequences” and then proceeds to allude to possible culpability on the part of the “government” in it’s various actions………and seems to think that somehow a “solution” lies with “government”?

        To be precise, once again, his solution is “government” NOT doing something! He seems to have forgotten that the “cause” underlying the housing aspect of this economic debacle, was that the “government” undid, a lot of things at the behest of those who claimed that the so called “free market” did not require those “pesky regulations”, such as Glass Steagle, but needed the “freedom” of Gramm,Leach, Bliley……so that even after,
        the S & L lessons, and the “87″ meltdown, followed a decade later by, LTCM and the dot com bubble, not to mention the continuous persistance of the “corporate raiders” and the so called “creative destruction” of the “leveraged buy out.” which didn’t create anything, except a transfer of wealth in exchange for “corporate debt”……the “housing crisis”, is everything that has come before, exponentially increased…..via something called: the velocity of capital.

        Mr Root compares THIS to the Great Depression and he bemoans the “destruction of wealth” that will take place as the “housing market” resolves itself…….and through all of this, he is not only extremely confused, but somewhat “self contradictory”.

        First, in terms of comparison to the Great Depression, that was MILD compared to this, and while there are similar forces in play and they combined to create a “perfect storm”, which seized economic growth in the global economy, what was different was…
        1.) The US controlled 75% of the world’s gold supply, so that we had, as much as it is possible to have, a sound money system.
        2.) Part of the problem was the attempts by other nations, to return to the GOLD standard, after the war…..where the primary players included France, England, and
        Germany, which was struggling under war reparations……all of whom pursued different strategies…..in self interested fashion….
        3.) The Federal Reserve did NOT exist as we know it now, the central board had no power to make policy, each branch was autonomous….and the chief player in this little dance was the NEW YORK fed………

        How all this played out…..can be known, accurately by obtaining a copy of “The Lords of Finance”……it is extensively detailed…..and if you seek knowledge, rather than sound bite
        rhetoric……you might find that what you THINK you know, can not be reduced to the simplistic explanations that pretend to understanding……

        Most people on this site understand the nature of “fractional reserve banking”, which is the chief engine of inflation, and therefor must be monitored carefully, to provide a balance to promote, sustained growth………the goal is to provide enough liquidity to
        the economy……..to promote productivity and employment…..

        Unfortunately, banks are NOT the only engines of this “phenomenon”…..anyone with the ability to extend “credit” in any form…..also contributes to “inflation” by creating wealth
        in the form of debt………a.k.a. bubbles………and since this wealth is “illusionary”, when the bubble bursts this “wealth” is destroyed…..the low interest rates of the twenties in the U.S.
        fueled the ‘speculative bubble”……on Wall Street, which sucked in capital from all over the world…….and then burst…….

        Hence, Glass Stegal, the S.E.C. etc.

    • restorefreedom

      I’ve thought our politicians have been trying to ruin our country for years. i remember when Reagan destroyed the tuna fleet in San Diego, then the lumber industry, then the steel industry. It’s been going on most of my lifetime unfortunately when will see these politicians as treasonous conspirators?

    • eddie47d

      Why should there be a housing mortgage interest deduction in the first place. Too many folks buy a home they can’t afford because they think they will get a pile of money back at tax time. That interest deduction is one of many scams that makes you feel good but does nothing to make our tax system fair to all. It certainly doesn’t simplify the tax code.

    • quiet_forest

      Yes, that is what he was groomed, bought and paid for to do. This is not stupidity on the part of politicians, it was done deliberately. The seeds of the housing market collapse were sown during the Carter, and then Clinton, administrations. Our enemies think in terms of decades. We are seeing the Alinskyite top down, bottom up strategy at work. Or, if you prefer, the Hegelian dialectic.

      A crisis has been created, and soon, a ‘solution’ will be proposed. It becomes clear when you realise that Fanny May and Freddie Mac now own 70% of all U.S. mortgages, and are still buying bad debt. I have already seen a few comments at liberal rags, suggesting that the government freeze mortgage payments, allowing underwater home owners to pay ‘rent’ until the situation can be normalised. They are floating a trial balloon, seeing what the public response might be. This is the plan. Government, in order to avert the crisis, will “assume” all those toxic mortgages, call in the loans, and “allow” all those former home owners to stay in the property they once owned, with lots of strings attached. Private real property becomes Public Housing. The housing market, like GM, will be nationalised, and the final nail will be driven into the coffin of property rights.

      Not only have we lost control of the Federal government, the Federal government has lost control of the Federal government. The Executive branch is being run by the CFR, the Muslim Brotherhood, and the banking cartels, the Judicial is corrupt or intimidated, and Congress is being rapidly rendered superfluous. I suspect that November will only serve to inform Americans that we are past the point where the situation can be retrieved through the ballot box.

      • Old Henry

        quiet:

        “America is at a critical stage –
        Too late to work within the system –
        Too early to shoot the bastards” ~
        The Truth

      • Warrior

        Bullseye! Fan and Fred are the countries new landlord’s. They’ll chase those pesky rural “freedom loving” people back to the urban cages where they can re-gentrify those dilapidated slums. Brilliant!

    • Mary

      Looks like the chocolate is going to hit the fan before I expected.

    • Old Henry

      Absolutely FreedomFighter. And it is hand-in-glove with Agenda 21; no private property. Everyone’s homes go to the banks and….. who owns the banks??

  • Insurgent

    It is unfortuneate that so many people living in this country are so naiive, so ignorant, or both. We are forced to pay taxes, but truly have no say in what direction this country takes or how these tax dollars are spent.
    The current administration is set on destroying this country and yet many voters cannot see the light at the end of the tunnel——————————-the eventual destruction of America.
    God Bless America———————–we need your help more than ever!!!!!

    • mark

      IT’S CALLED MISAPPROPRIATION OF FUND’S, IT’S A FELONY IN ALL 50 STATES, EVERY BUSINESS MUST ALLOCATE FUNDS ASIDE FOR SS TAXES, STATES TAXES, , UNEMPLOYMENT TAXES, ON ALL EMPLOYEES, WHEN ALL FUNDS COLLECTED BY THE BUSINESS, RETAIL OR OTHERWISE, ARE NOT SET IN A DIFFERENT ACCOUNT, ONE COULD BE IN VIOLATION OF ALL STATES LAWS, THE GOVERNMENT DOES THIS ALL THE TIME, IN OTHER WORDS THEY POOL THE MONEY TOGETHER, THIS IS A FELONY, GOVERNMENT MUST ALLOCATE THE FUNDS TO A LIST OF PAYMENTS, ENTITLEMENTS, ECT… THEY DO NOT DO THIS, THE SS FUND BEING RAIDED SEVERAL TIMES IN THE LAST FORTY YEARS PROVES THIS. ALSO THE HOUSING SCAM HAS BEEN GOING ON FOR DECADES, AFTER BARNEY FRANK THOUGHT EVERY AMERICAN SHOULD OWN A HOME, IT GAINED MOVEMENT TOWARDS THE BIGGEST SCAM IN AMERICA.AND THE BAD NEWS IS, YOU HAVE NOT SEEN NOTHING YET, THE COMMERCIAL PROPERTY BUBLE IS ABOUT TO BURST AS WELL, THAT MEANS THE BIG HITTERS WILL BE LOOKING FOR ANOTHER HAND OUT BAIL OUT.

    • CJ

      Oh, I believe they see the ‘light’ but politicians have convenced them it’s daylight when in fact it’s a runaway freight train… and there’s no way around it, and the where we came from is blocked because of the politicians’ regulations.

    • Old Henry

      If the United States does not bless God, God will not bless the United States. It is as simple and straightforward as that.

      • Christin

        Old Henry,

        Amen brother.

  • Kris

    You hit the nail on the head, our housing market is a mess.

    • Windrinker

      The housing market is a mess because of the socialist government meddling!

      “Everyone is entitled to own a home even if they can’t pay for it and never will be able to pay for it.”

      Government knew exactly what would happen when they forced banks to give loans to people had could never have qualified for a legitimate home loan. It is always about “following the money.” The government continually comes up with these “schemes” that end up devastating the taxpayers. Fannie and Freddie are nothing but “slush funds” for the demonrats and taxpayers are forced to keep refilling it!

      • Christin

        Wind,

        Agreed.

        They started the housing problem during the Clinton years, aided and abetted by Congress (Barney Frank) … no doubt the ‘principalities of darkness’ guided them to make foolish decisions and destroy a wealthy America.

  • http://www.cindynel.co.za peter

    None so blind as those who will not see. The writing is on the wall. In November it will be sealed and that is when the way things are done are going to be radically changed. The warnings are there for all to see. Get ready for slavery, it is dead ahead. Obama is the next Emperor of the New World Order and will tolerate no disobedience whatsoever.

    • Nancy in Nebraska

      I agree with you, Peter. This is all part of the plan. If they can destroy the housing market and make it impossible to own your own home that fits right in with agenda 21. How else can they convert to a system that won’t allow ownership of property? When I first heard of agenda 21, I didn’t believe it. It’s crazy! Couldn’t be! Then I kept researching. It is real. I even wrote a letter to my senator. His response to me confirms that agenda 21 is real! If you haven’t heard of it, find out. It’s very dangerous. It’s already sneaking into our country in many ways! Whenever you hear the words “sustainable development” or “sustainable growth” be suspicious! Everybody needs to learn about agenda 21. Start by watching you tube video called “agenda 21 for dummies”. Then branch out from there.

      • Sirian

        Agenda 21 is alive and growing so much faster than everyone knows. As you, once you find out about it, research it – very easy, it’s open to the public – and see what the main intent of it is and the obvious driving force behind it. When people do research it they will come to an epiphany and wrestle with a feeling of being more threatened then ever before. Keep passing the word Nancy, keep passing the word.

      • Nancy in Nebraska

        I will keep passing the word! Everybody needs to know what they have in mind for us. Of particular interest is their use of vaccines to reduce the population. They are lacing tetanus vaccines with hcg (human growth hormone) to make women infertile without their knowledge. The hcg causes a woman’s body to create antibodies to pregnancy hormones so that she will miscarry over and over again. They have been testing these vaccines on women in the Phillipines and Africa. It is already happening! It sounds like science fiction or a conspiracy theory, but if you dig you will find proof that it is real. “Human Rights International” has posted info on their site and you can actually find you tube videos of Steve Jobs and Bill Gates lecturing agenda 21 groups on the success they’re having reducing the population through the use of vaccines. This is really evil stuff and it is happening now! Everyone, pass the word.

      • DaveH

        Whether Agenda 21 is real or not, reality of Leadership is that they naturally grab as much Power as they can. Long before the United Nations, Thomas Jefferson knew that and tried to protect us but, people being what they are (apathetic), they went about their daily lives and tried to ignore the reality of Leadership. We can only get our Freedom back if we wake up and get educated to the concepts of Freedom, and learn why it not only results in more satisfaction in our daily lives, but it also greatly enhances Prosperity.
        Here is an example. Since Canada has trended towards less Government involvement in their economy, they have had a much more robust economy, and more immunity to the economic collapse in the world around them:
        http://mises.org/daily/5583/How-Canada-Escaped-the-Global-Recession

      • John

        Nancy, If you really want to be afraid watch plastic planet and follow it through to the conclusion…its all about population control.

      • Nancy in Nebraska

        I tried to watch it, John. It said that it was in English but most of it was not. Just couldn’t stand it. I did watch the trailer and some of the shorter videos but I’m sure I did not gt the entire message. Sorry.

      • Old Henry

        Nancy:

        I have been getting up to speed on Agenda 21 for a while now, but thank you for the suggestion. I did as you sugested and then sent the link to many people I know are, ah, pretty much clueless.

  • JUKEBOX

    I can tell everyone that, as a REALTOR, the housing market in my area is a disaster. We have several real estate agencies in our area that have cut back severely or are hanging on by a thread. We have also had a few high quality builders that have either bankrupted or have consolidated with another builder to stay afloat. The only thing that has helped the survivors is the reconstruction after the series of tornados that destroyed so many homes in our area. Financing any home today is a nightmare for any prospective buyer.

    • John

      Realtors are one of the reasons for this problem.They may not realize it but they have artificial driven up prices and the sheep followed because they could get cheap credits.

      • CJ

        Realtors could only use the tools provided to them. Politicians made the tools, intent to destroy a good thing with their greed, and exploiting the basic need for shelter to line their own pockets with the financial instruments they knew would not hold up over time. Realtors were the pawn to fight the consumer, not the guys making the rules.

      • Ted Crawford

        At least in part I have to agree with you John. About five years ago I ran into a young friend of mine. He was all excited about the new house he and his wife were about to buy. He told me all about it, including the price of over $250,000. They together made about 2/3rds of what I made. I ask if he or his wife had had a recent windfall. No, he said. So I ask how they could afford it. He explained that the Realtor had it all figured out for them. I encouraged him that he and Sandy should be the ones to figure it out! He chose the Realtor, and about a year ago they lost everything!

      • Insurgent

        Independent appraisers and lending institutions are just as guilty as the realtors. All 3 coerced people into buying more home than they could afford.
        I do not feel sorry for these greedy overspenders————————and it damn sure is not the taxpayers responsibility to help them out.
        We only enable them to continue in their stupid spending!!!!

      • John

        Insurgent,
        Its not always greed that got people, some of them trusted realtors and appraisers. Many of them where looking for a home and used realtors that convinced them that they will take care of everything and they did….not for the best of the people but to get the maximum of profit and the hell with the buyers. Before this crash, the realtor profession through advertisement and misinformation has painted a picture of utter honesty and competence to the people. In many areas they convinced legislation to write the laws in a way that people where either forced to use a realtor or hire a lawyer or both in order to buy a piece of property. I recall being turned down for a loan about 30 years ago because I did not have a realtor involved buying the property. The housing bubble was a big sham involving many, from the government to the banks to the realtors, home appraisers and in many instances buyers where doing what they sincerely believed was right. I mean, see it this way, at that time people went to the banks and the banks told them “no problem you can afford this home, in fact per our formula you can afford even more. It did not mater what they did because even the lower amount was more then they could realistic afford, but NOBODY told them. Yes there where some greedy people out there that used the system to make money, but guess what, most of them are still out there doing the same. And now the cycle is starting again, the realtor organizations are bombarding the people with adds trying to look like they had nothing to do with it and they are just there to help the people… what a sham and the masses will fall for it ….again.

      • Nadzieja Batki

        Realtors are just as any other occupation, if there are job opportunities in that field people flock to them because they need jobs to survive. If the occupation field is saturated then the workers will do anything and everything to hold down those jobs.Government is an opportunistic entity and will side with any group to promote it’s own growth.

        • Allan

          Good Thought But you got it a little wrong.Not to say Real Estate Agents did not make $$ during the boom. Your government financial fat cats (Bank& Insurance executives) had a much bigger role. The Banks and Government created the loan products that drove this mess the Mortgage Insurance Companies (they insured the investors Risk by charging the borrower a premium) As the cost of insurance increased (based on risk) The Banks saw all the $$ the Insurance Co. were making so they started loaning 20% second loans(AKA HELOC) they packaged them with 80% first. then they started Loaning the $$ to people who had no resources to repay. This created a hugh demand for housing. In San Diego County(one of the largest and most affordable coastal county in Ca. drove our existing home inventory down to 2400 homes. People were over bidding each other by thousands of dollars. Demand was artifically driven up along with prices. We have simaliar things going on right now with Energy, and Printing of $$.

          As a Realtor I am so happy that we are back to responsible home purchasing. Buyers Must Qualify. Hallelujah !!

          This is a DC nightmare. I am a front line witness.

      • eddie47d

        Thanks John you got it right. Another problem was the home builders themselves. They overbuilt and produced a glut of home. You would have thought that would have brought the price of homes down at the time but they kept going up. Everyone went into euphoria with all the profits but didn’t see the looming crises. Shame on us all including realtors,mega banks,fancy financing,inflated prices,loose rules for buyers and a wide assortment of plots seen and unseen. It was all too good to be true!

      • Windrinker

        John, you are making the “buyers” sound innocent….like they have no idea what kind of house payment they can afford.

        Buyers know how much money they have to spend on a “house payment.” If the payment is four-times what they can afford, how is the bank/realtor going to convince them they can magically make payments every month..

        I agree with the posts that think people have to be personally responsible for their own decisions…

        • frank jacobson

          Home buyers were mostly inocent. Realtors and lenders working on commission and unloading their paper on some one else were creating buyers by making unsophisticated people believe that their loans had magical powers.

      • Libertytrain

        frank, I don’t agree. I believe the greater majority got in over their heads because they were trying to keep up with someone else, the Jones Family. Didn’t study the financial ramifications of the loan they were going to sign for – very few took the time to look at what they were doing when they bought far more house than they could afford. And they wanted to believe the things they were told rather than accepting that they knew it was not correct. I’ve seen one daughter fall for the trap of endless refinancing to get more and more stuff; and the other I recall the broker trying to get my daughter and her husband to spend a couple hundred thousand more. They could afford it, but didn’t want to be on the upper edge of payments and the what if factor was something they actually thought about. And fortunately they don’t give a rat’s rear about impressing anyone.

      • Old Henry

        Mr. Crawford:

        Your friends should have gone back to the realtor and had him/her “figure it out”!

        That old axiom, Figures don’t lie, but liears figure…

      • Mary

        John. Do you believes that HAARP is causing most of the “natural disasters”. I think population control is real . We cann’t do nothing about earthquake and others.

      • John

        Mary, As someone who works in the profession and has a masters in electrical engineering I can tell you that I do NOT believe at all HAARP is causing any of the issues the uneducated fearful masses are ascribing to it. Last nights Aurora has a million times the energy input into the atmosphere then HAARP can produce, did you hear of mysterious earthquakes and weather because of it? I did not, all it was, was a lot of hype that sold newspaper and drove trafic to news sites. HAARP energy is so low, it can’t even cause a localized Aurora (northern lights) yet conspiracy theorists make up all that nonsense simply because they do not understand the technology used and the physics behind it. I have had a tour at HAARP a few years ago with our engineering society, and frankly, I was a little dismayed to see what little power they are running in comparison to the Russia wood pecker or the US over the horizon radar that was used during the cold war.

  • Sirian

    There is no doubt whatsoever that the housing market is one of the major factors involved in the overall destruction of our economic force. But there are so many other areas that also involved. Sam is right concerning Romney – be very, very wary of him and his proposals. The same applies to just about all of them. Between the destructive path that the Fed, Fannie & Freddie Mac have put us on so many don’t think of the other areas of economic concern that are also being “played with” by foreign opposition. Please, everyone, get a copy of “SECRET WEAPON – How Economic Terrorism Brought Down The U.S. Stock Market And Why It Can Happen Again” By Kevin Freeman. It will give you a much clearer understanding as to what and who have been intensely focused on the economic destruction of our nation.

    • FreedomFighter

      The Craziness of Reality

      http://www.youtube.com/watch?v=tPn7XoSTXR0&feature=uploademail

      Laus Deo
      Semper Fi

      • Sirian

        This is a good one FF, Thanks!

    • Brad J.

      Actually, Mitt Romney is the one guy you CAN trust. My wife knows the Romney family very well and the one thing Mitt has that the others don’t is a genuinely good heart. That is the number one attribute to find in a president. Don’t be fooled by the opposition’s attacks. Mitt really is a good man and wants what’s best for all Americans. One of the things I like best about him is that he, like so many of us, has made mistakes in the past. But, unlike so many others in our government, he has learned from his mistakes and moved on. Obama and his Washington cronies keep making the same mistakes over and over again because that is what they want. If you judged me by my past, instead of all the good things I do in my present life, your judgment would not be accurate as to the man I truly am today. That’s why we are all here in this life: to live, learn from our mistakes, and improve upon ourselves, so as to make the world a better place. I am not LDS, but I have lived in Utah for 33 years and have come to discover that people of the LDS faith have the biggest hearts ever and can always be trusted (if they are true to their faith). My late wife was LDS and so is my current wife. Mitt has made some mistakes, but he also doesn’t keep making them. Are you aware that when his father died he donated all of the money to charity? He didn’t keep one dime for himself. Plus he didn’t go around boasting about it. There are a great deal of attributes about Mitt that the main stream media won’t tell you because they want you to believe he is someone other that who he really is. He is a good man with good intentions in his heart.

      • http://www.facebook.com/profile.php?id=100000929742691 Eugene Sevene

        Yes Brad we believe your wife knows the Romney family. We also know that Mitt was a corporate raider closing down one business after another, costing thousands of workers their jobs and putting their family on skid row. Now you may answer any way you like, but before you do I would like you to check his record with Bain Capital as C.E.O. raider,and Damon Corporation Medicare fraud Mitt Romney C.E.O. You see I have done my research, not taken the word of others and you can find all this and more in public records . In short the Dems. have this information also and believe me they intend to use it all come the general election. I don’t think Mitt can explain to the satisfaction of the people why he destroyed so many lives as he did for personal gain. You see, according to the public records this is how he made his millions. CHECK IT OUT FOR YOUR SELF

      • Ted Crawford

        Brad, his actions don’t seem to me to match your discription of him! He, well ok it was Paul, but that was to be expected of Paul, fired the first shots in what has become a sickeningly negative campaign. The others attempted to keep it about the issues and the current administration, but were overwhelmed by the garbage of Paul and Romney!
        In the second place I have absolutely NO belief that he will work to overturn PPACA. Given his own program of health care in his home state and his continued defense of an undefensable program, I believe that this “promise” will be just one of the traditional unkept ones!

      • CJ

        His intentions MAY be good, but his actions will distroy the many at the benefit of the few. There is no good solution, and sometimes the better thing (since there is, truly, no best thing) is to do NOTHING! BUT, he’s not one to say ‘no’ when it needs to be. He’ll pander to the squeeky wheel just on ‘good intentions’ but doesn’t accept he destroyed many to help the one. I’d say you are the one who is mislead. Until the liberals and moderate ‘conservatives’ (I use that word loosely) learn to refuse some of the whiners’ demands, there will be no true improvement in our situation. Many gains made by Romney have been at the destruction of many more who were unable to tell their story after the fact.

      • restorefreedom

        Only Ron Paul can really make a difference it’s about not only economy but restoring our liberties and freedoms and governing according to the constitution. We loose freedoms everyday and are trying to spread this hypocrisy over the world. No wonder we are hated everywhere!

      • Nadzieja Batki

        Actually you are LDS even if you are dancing around not saying so outright.

      • DaveH

        Ron Paul has been the only Politician in the race for President who has consistently fought to obey the Constitution. Ron Paul is the only Politician who has consistently espoused the concepts of Freedom.
        People have long ago forgotten why Freedom works so well, due largely to the immense Propaganda that we have all endured in the Government Schools and from the Government controlled MSM. Many, who might otherwise have overcome the Propaganda, have been bought and paid for with other peoples’ money.
        It is up to we the people to get our heads out and become reacquainted with the Principles of Freedom. Otherwise the Leaders Win, and we Lose.
        As Government Grows, Corruption Flows.

        http://www.ronpaul2012.com/

      • Nancy in Nebraska

        I hate to be trite, but…
        “Meet the new boss, same as the old boss…”
        “second verse, same as the first…”

      • Windrinker

        Brad, you can’t say anything good about Romney around Ron Paul supporters.

        If they would just scrutinize RP as much as they do Romney, I think they might not be so devoted to someone that has been a Washington insider for decades and kept his office by “bringing home the bacon.”

        As for Mormons, I have worked about them and have found them to be just as you described…

        Evidently, Romney critics are not savvy about how business works and what is done in every venue….anyone that is a successful businessman must do what makes the most economical sense. People in those bankrupt companies were doomed to lose their jobs even if they never heard of Romney! Anyone else would have done the same thing to save some parts of the company, if possible….

        Besides, when did it become Romney’s responsibility to prop-up companies that couldn’t make it and support their employees like a charity……there was no more WORK for them to do… geeeeez

  • Louis Lemieux

    The influential, bipartisan private-sector Committee for a Responsible Federal Budget urged members to “go big” and “go long” — well beyond $1.5 trillion — and offered several options on the mortgage interest deduction, including elimination of second-home interest write-offs outright and capping the primary home mortgage interest deduction at $500,000. Politicians are not trying to ruin the housing market but some of the rich are not happy and they’re using propaganda to misinformed the not so informed electorate.

    • mark

      YOUR WRONG, THE POLITICKING DESTROYED IT WITH BARNEY FRANK, THEN GUYS LIKE YOU SOLD THE AMERICAN DREAM OF LIES TO VICTIMS OF FALSEHOOD, QUOTES: ” YOUR HOME WILL BE WORTH DOUBLE IN FIVE YEARS, WHO CARES IF YOU CAN AFFORD IT OR NOT, YOU WILL MAKE MONEY OF THIS, NICE LIE, THAT PHRASE HAS BEEN USED IN OVER 1,0000.00 COURT CASES ON FORE CLOSURES WHILE YOU WHERE MAKING 6 % OF THE SCAM, YOU SHOULD HAVE KNOWN BETTER.

    • DaveH

      If you want the Politicians to do what’s best for the rest of us, Louis, then they would butt out of the Marketplace and let Free Choice determine which services and products are desirable to the consumers, and which companies should survive or fail. Politicians are invariably going to please the Crony Capitalists who are most likely to get them re-elected. We need to strive for Free Markets in this country.
      Big Government has proven to be a failure throughout History.

  • http://www.linkedin.com/in/GaryMallast Gary J. Mallast

    Is Ron Paul the only politician with any knowledge of economics?

    Mises’ Law of Government Intervention
    All varieties of (government) interference with the market phenomena not only fail to achieve the ends aimed at by their authors and supporters, but bring about a state of affairs which—from the point of view of their authors’ and advocates’ valuations—is less desirable than the previous state of affairs which they were designed to alter…
    —Ludwig von Mises, Human Action, a Treatise on Economics, Third Revised Edition, 1963, Henry Regnery Company, Chicago, p. 858

    • Louis Lemieux

      The average duration of the 11 recessions between 1945 and 2001 is 10 months, compared to 18 months for recessions between 1919 and 1945, and 22 months for recessions from 1854 to 1919. Could it be more government intervention softens the severity of recessions?

      • mark

        GOVERNMENT CREATES RECESSIONS, NOTHING MORE.

      • kkflash

        NO.

      • Joe

        Source?

      • DaveH

        Yes, Louis, where are your sources?
        Here’s one for 20th century recessions:
        http://www.tradersnarrative.com/length-of-us-recessions-historical-chart-2418.html
        Although, I’m always skeptical of any figures provided by Government.
        The notable thing here is that the Federal Reserve was created to smooth out the economic cycles, and yet we have had one Great Depression, and now this long-running malaise. It’s pretty obvious that Big Government isn’t working.

      • DaveH

        It’s also notable that in the 19th century, the value of the dollar actually increased.
        But since the Federal Reserve has been created, we have seen the value of our dollar dramatically decrease.
        It now takes $22.90 to buy what $1 would have bought in 1913.
        That’s just wrong. Mom and Pop worked hard for their money just to see their cash savings dramatically lose value over their lifetimes.
        So even if the Federal Reserve did mitigate our recessions, was the cost worth it?
        Another notable thing is that before the 20th century, the economic calamities were called Depressions. Now they euphemistically refer to them as Recessions. Could that be because the Politicians before the Great Power Grab were trying to scare the people into more Government, and after they achieved their great control of our Marketplace they preferred to divert attention from our economic problems because then the blame would be aimed at them? Nah, they wouldn’t do that, would they?
        http://mises.org/tradcycl/econdepr.asp

    • mark

      YES, HE IS THE ONLY NONE N.W.O. SHILL, THE RIGHT HAMMERS HIM BECAUSE THEY ARE AFRAID OF THE TRUTH COMING OUT, AND HE IS NOT A WAR MONGER. RON IS ONE OF 9 CONGRESSMEN THAT HAD A REAL JOB, PAID TAXES, AND WAS NOT AN INFORMER, AN ADVISER, OR A LOBBING SHILL. HE DELIVERED OVER 4,000 BABIES, IS A REAL DOCTOR, NOT A SO CALLED DOCTOR WITH OUT A FAKE CERTIFICATE FROM AN ELITIST SCHOOL, HE IS THE ONLY ONE WHO BROUGHT UP THE ILLEGAL FEDERAL RESERVE, BILL HR1207, AUDIT THE FED, FIND ALL OF OUR MONEY.HE IS THE ONLY ONE WHO WANTS TERM LIMITS, HE SEE’S THE SCAMS, BUT BEING HONEST, HARD WORKING, AND IF YOU BELIEVE IN REAL FREEDOMS, YOU WILL BE A TARGET FROM BOTH USELESS PARTY’S.

      • Windrinker

        Mark, I agree with those things about RP. He does have some good things to offer.
        But, sometimes, his followers do him more harm than good. They are negative and caustic when it comes to supporters of other candidates.

        I whole-heartedly agree with him about the Federal Reserve Bank. The owners actually “own our country” because they “own our money” and we have to buy it from them!
        And, these “owners” just print themselves up a few Trillion of our dollars anytime they feel like it. Of course, these American Dollars go into foreign banks. And, when they print, our dollars lose value.

        We are not a free nation when a “bank” (group of elites) own our country and manipulate our economy!

  • Jim Bandinelli

    Tax the rich feed the poor til there aint no money no more! If ever there was a need to replace all incumbents and the POTUS…. 2012 elections are our last chance. Blow this election oportunity and the country is doomed, hope it is not too late even so.

    • Insurgent

      Jim, you make it sound as though the Urkel controlled voting machines are not rigged!!

      • John

        So, should the GOP nominee win, then the voting machines are not rigged, but if Obama wins they are? People are such sore losers.

      • DaveH

        Both major parties are fighting hard to preserve their Power. That’s why the establishment in both parties are fighting so hard to marginalize Ron Paul.
        With Ron Paul, the Establishment Politicians and their Crony Capitalists will have to prosper the old fashioned way — by pleasing the consumers in Free Markets. Oh, the Horrors!

      • DaveH

        If you read this FREE book (provided courtesy of the great folks at Mises), you will learn a lot about what’s really going on behind the scenes in Big Government:
        http://library.mises.org/books/Murray%20N%20Rothbard/History%20of%20Money%20and%20Banking%20in%20the%20United%20States%20The%20Colonial%20Era%20to%20World%20War%20II.pdf

        They also have an ebook version available for those with e-readers which can read epub files.

  • http://gravatar.com/angelwannabe Angel Wannabe

    We’re being squeezed from every direction, until most of us pop.

    The Politicians screwed up everything else, so why should housing be any different, can anyone say Cloward and Pivan?

    As for Educating Politicians?__They already know what they’re doing and reason for this failure is them. Not enough of the good guys left to stand up for us.

    • Ted Crawford

      Angel, wow, it’s been a long time since anyone has brought up those two nitwits! I thought that perhaps everyone had forgotten them! Of course about 99% of America has never heard of them, nor are they aware of Saul and his Rules for Radicals. I would suspect that it’s about the same number of us who have never read the Constitution or Declaration of Independance, and probably never will! The new episode of Family Guy being far too important to miss!
      Unfortunitly for us the politicians have clearly read and studied BOTH!!

      • http://gravatar.com/angelwannabe Angel Wannabe

        Ted__ I bought pocket Constitutions for family and friends and gave them as stocking stuffers this past Christmas__

        Not too many folks think anymore Ted, they wait for someone to tell them what to do and what to think. I blame the school system for that and people generally getting caught up in their own lives, so much so, they forgot our duties as Americans, myself included.

        Schools today teach you what to think, not critical thinking, they push down those that question history and we need to question it more than ever now, because of serious revision and omission.

        I didn’t wake up until I really knew something was wrong here in America, so about three years ago I began to study American history as a hobby and I logged on here at Personal Liberty about that time too, best two things I’ve ever embarked on, I’ve take it and ran.
        .
        I was/am saddened and p*ssed at the same time, when I began to understand what we’ve let happen here__

        I don’t remember who said it but “Freedom is much easier to defend than to regain when once lost”_-I pray we’re not too late to change it back, divine intervention me thinks.

      • DaveH

        Angel,
        They were teaching us False History even when we were kids. It’s something that public schools do — by design. Leaders want citizens who believe that Government is here to help (naturally). Read this short treatment of the knowledge about Government education that some great thinkers possessed 300 years ago:
        http://mises.org/journals/jls/7_1/7_1_3.pdf

      • http://gravatar.com/angelwannabe Angel Wannabe

        DaveH, Thanks for the Link_ I’ll check it out.

  • http://gillysrooms.blogspot.com GILLYSROOMS from Australia

    Wayne Allyn Root is correct in his conclusions about property prices dropping by huge pecentages, but as you now have both the Democrates and the Republican candidates supporting such a policy…you should start to see a softening of real estate values from now on..because whoever you get to become President…will deliver the same asset destruction policy.

    I wonder if Donald Trump will still be supporting Mit Romney now…how much will it start costing him now maybe it might wipe out his fortune between now and the election.

    You people in the USA are very fortunate to have interest on your housing as a tax deduction if you live in the home whereas in Australia we only get a deduction if we are using the property to earn an income otherwise NO TAX DEDUCTION is permitted. We do have capital gains taxes on investment properties but not on the principal family home.

    We also get tax deduction for charitable giving, but i’m against giving money to charities like the Salvation Army toy soldiers group who then support criminals and their families …well thats what they do in Australia. A total misuse of good money to support bad people.

    I dont believe you should be blaming Obama alone as much as the government advisors who even Mitt Romney has become convinced of such a plan is good policy. Mind you I dont believe you should have had these deductions for buying houses but not cars, tents or caravans where some other people llive because those deductions were part of the reason you had a property bubble in the first place from the time when they were first introduced, HOWEVER now that you have this deduction it would be madness to manipulate it downward and destroy not only your banking systems asset base but also all the savings of most of your depositors hold in the Savings and Loans.

    I urge all Republican candidates to drop this idea immediately, otherwise you will begin to see a property drop as soon as people start to wake up of the seriousness of these proposals. The bank lenders should already be wanting more security for any property loan and I doubt any banker worth his salt would lend any money unless he lends only to 30% of current valuation. Its that serious to have a quick wisper in any of your candidates who wants to play with fire. Put the idea on ice immediately. Free policy advice from Australia.

    • eddie47d

      How’s the mud slinging going on between Julia Gillard and Kevin Rudd? Things are heating up down under too!

      • http://gillysrooms.blogspot.com GILLYSROOMS from Australia

        Its over for now with Julia Devil as some people call her, winning 70 to 30. Rudd out. The reality is both are bad news for our country’s economic survival and we hoping our voters will wake at the next elections. They mean well but just cant see what they doing is destroying our prosperity by introducing a Carbon Tax on all carbon dioxide produced by industry. This tax alone will destroy manufacturing jobs in Australia and push them to our cheaper competitors in Asia. It is sheer madness. Its a desease spreading through Australian socialists and Greens [red greens] who seem to hold minority power voted in by silly idealists…some rather wealthy at that. ..READ THIS BELOW:

        R minority power voted in by silly idealists…some rather wealthy at that. ..READ THIS BELOW:
        Should be compulsory reading for our incompetent politicians
        China today ………..Some hard facts on China
        China has 19% of the world’s population, but consumes 53% of the world’s cement
        48% of the world’s iron ore
        47% of the world’s coal
        …. and the majority of just about every other major commodity.
        In 2010, China produced 11 times more steel than the United States .
        New World Record: China made and sold 18 million vehicles in 2010.
        There are more pigs in China than in the next 43 pork producing nations combined.
        China currently has the world’s fastest train and the world’s largest high-speed rail network.
        China is currently the number one producer in the world of wind and solar power. But don’t use it themselves. While they manufacture 80% of the world’s solar panels,
        They install less than 5% and, build a new coal fired power station every week. In 1 year they turn on more new coal powered electricity than Australia ‘s total output.
        China currently controls more than 90% of the total global supply of rare earth elements.
        In the past 15 years, China has moved from 14th place to 2nd place in the world in published scientific research articles.
        China now possesses the fastest supercomputer on the entire globe.
        At the end of March 2011, China accumulated US$3.04 trillion in foreign currency reserves – the largest stockpile on the entire globe.
        Chinese consume 50,000 cigarettes every second …
        They are already the largest carbon dioxide emitter and their output will rise 70% by 2020
        So we’re saving the planet are we LITTLE vegemites????
        YOU BLOODY IDIOTS; YOU HAVE GOT TO BE KIDDING, YOU ARE WASTING YOUR TIME AND OURS, IT WILL NOT MAKE ONE IOTA OF DIFFERENCE WHAT WE DO IN AUSTRALIA OR ANYWHERE ELSE FOR THAT MATTER ALL YOU ARE DOING IS INCREASING OUR COST OF LIVING AND MAKING OUR MANUFACTURERS UNCOMPETITIVE IN THE WORLD MARKET, WITH YOUR IDIOTIC CARBON TAX, WHEN COUNTRIES LIKE CHINA ARE GROWING AND CONSUMING AT THESE EXTRAORDINARY RATES! WAKE UP!!!!!

  • gayle nasca

    Mr. Lemieux,
    Can you expound on your comment today ?

  • http://www.facebook.com/profile.php?id=100000929742691 Eugene Sevene

    Jim my thoughts are your thoughts . I have said for years now that all in Washington need to be replaced. If they are in office in November they won’t be there long. Let us face the facts. If in your job you don’t get the job done right you get replaced. The politicians are not doing the job right or we would not be in the fix we are in now.It would seem that the only message they will understand is getting fired. As I recall the one or ones that pay you for your services are the boss. That makes the people the boss. Knowing this fact let us see if the people are intelligent enough to grasp what we are saying. REPLACE EVERYONE IN NOVEMBER AND START OVER. Get it?

    • Hey You

      Seems to me that replacing D.C. politicians is no more than a stop-gap idea.

      The real thing is to cut loos of D.C. dictatorship by secession.

    • DaveH

      No Politician or Group of Politicians knows best how to manage an economy. The best they can do is to Butt Out. Only Free Markets can provide the efficiency of capital and production that serve best to bolster an economy.
      In Free Markets, those companies who provide the services and goods that are in demand by the consumers will succeed and the others will fail — as it should be.
      The Crony Capitalists know that nobody is guaranteed success in Free Markets, so they prefer to buy protection from the Politicians in the form of campaign contributions or other forms of influence. It’s safer that way for them. But their safety is our loss.
      Let’s break the mold and send the Crony Capitalists and their Crony Politicians back to the productive private sector where they belong. For Freedom and the Prosperity that comes with it, Vote Libertarian!
      http://libertarianparty.org/

  • http://gravatar.com/singledad1234 Robert

    hi you act as you give a dam

    ok then LEND US 25 thousand
    because we found a 200 acre farm and can grow
    two acres of food
    and raised organic pasture fed beef

    all we want is 25 thousand dollars

    and the dam banks WONT LEND A DAM THING

    so you lend us 25 thousand at 30 PERCENT

    and we will pay it all back at 30 percent

    in three years when the FIRST 1500 pound beef sell

    now thats a DAM GOOD DEAL

    integrity@cyg.net ontario canada

  • http://libertyalert rocko socko

    Send him back to KENYA with a one way ticket!!!!

    • FreedomFighter

      They dont want him either.

      Laus Deo
      Semper Fi

    • Hey You

      Don’t worry about sending anyone anywhere. Simply cut loose of D.C. dictatorship.

    • Roxanne

      You said the right thing send him back to Kenya let him be ruler there.. he sure isn’t doing any good here…

  • jimster

    What mortgage, I do not have one and do not want one. If you are a millionaire you do not need a mortgage. CASH IS KING in all aspects of purchasing stuff.

    • John

      Cash is king even if you are not a millionaire, Unfortunately though, banks have started to get rid of the cash action counters… and thus one can’t even cash the checks we get from the employers anymore, even at the bank that issued them. They want you to deposit the check, hang on to YOUR money and then charge you for withdrawing it. Its a racket.

      • FreedomFighter

        Think about this:

        A conatagion that is transferred/spread by handle of cash MONEY

        People will scream for a better way…then you have the cashless society, you will be chipped and pay homage and whorship the beast.

        Dont be surprised when it happens.

        Laus Deo
        Semper Fi

      • restorefreedom

        You are so right wake up amerikans!

      • John

        FF, that would be to cumbersome, it is easier to use a medium that EVERYONE uses such as plastic.. watch “plastic planet” the movie, yes it is activist propaganda, but,…but…. take it a step farther and ask yourself this…. what better way to implement population control…..

      • Karolyn

        I have no problem cashing checks.

    • Karolyn

      I heard an interview this morning of a guy who wrote a book about how cash will eventually become obsolete. He also spoke of how other countries are getting rid of smaller denominations, but Americans don’t want to do that. If we got rid of the penny, what would happen to the 99 cent rule that retailers use?

      • Christin

        Karolyn,

        Americans don’t want to do that… I think you are right, but who cares… the rulers don’t… they will do what they wish… as they are doing now… even though it is against the will of the American people.

  • BP Payne

    Mortgage interest is already being phased out…
    http://www.irs.gov/taxtopics/tc505.html

  • http://www.ifonlyphotos.com Alex Frazier

    No politician can fix the housing problem. The problem is economic. The housing market crashed in the first place because it was a huge malinvestment. People were borrowing and spending when they couldn’t afford to do so.

    As a result, the base principle of supply and demand kicks in and ruins the housing market in general. We now have more houses than buyers because so many houses were built on badly lent funds. Those who were foreclosed can’t buy because their credit is shot. Those who can buy have such a glut of homes available that they can pick and choose. Thus, you have massive supply and minimal viable demand. This means lower prices.

    Furthermore, with the glut of supply in housing, the construction industry is at a standstill. Why build a new house when there are a hundred within a reasonable distance for a decent price?

    So don’t expect the housing “crisis” to go away. Until the excess of unowned and unoccupied homes experiences the necessary market correction and appropriate price drop relative to the supply, the “crisis” will continue unabated.

    And the author of this article/video adds plenty of valid points above and beyond what I’ve said. There are issues with people renting instead of buying, property values being further decreased by artificial means via legislation, additional taxes (or lack of tax deductions, which is the same thing), etc., which all compound additional obstacles against any attempt of the actual market to correct itself.

    • FreedomFighter

      Glass Seagal

      Laus Deo
      Semper Fi

    • Nadzieja Batki

      No politician has any intention of fixing the housing mess.But they will use the selfsame to abolish private property and that may be their intention.

    • DaveH

      Ahh, a voice of reason. Thanks, Alex.

    • Clarissa Westenburger

      Seems everyone, including banks are picking up American property at bargain basement prices, especially on foreclosures. This makes up real estate portfolios for banks and selling mortgages to other banks to take over foreclosed homes. This is what is known as the “rich getting richer, the poor getting poorer”. In fact, the banks, notably Alliance which fell from grace and out of the TARP arena and failed miserably, went to local DC churches and pitched balloon equity loans on refinanced homes. The scheme was all financed by Alliance selling derivitives to insurers, who foreclosed on them, aided and abetted by Barney Frank and bolstered by guaranteed loans from Freddie Mac and Fannie Mae. Multiply this affront to common decency by millions and you have banks taking over older property bases in foreclosures. The US has bailed out less than 85,000 people in this mortgage fiasco, leaving the rest to fend for themselves or go belly up in foreclosure. So, like Trump’s Casino, the house never loses. I think Mitt Romney should beware of Donald Trump, but who knows, they may think alike and more fool America for believing a liar times two. Anyone can preach capitalism, but “derivitives”? How did we ever sink so low as to allow that snake in the garden. Derivitives are like playing slot machines. The house never loses. Get that concept and you can actually run a ship of state, not a Ship of Fools.

      • http://www.ifonlyphotos.com Alex Frazier

        Truth be told, Clarissa, I don’t see it as the rich getting richer while the poor get poorer. I see it as the bold succeeding while the irresponsible pay the price for their complacency. Not one house would have been foreclosed on except that the owners defaulted on their loans. The banks didn’t put people out of work. They just lent them the money to own a home. No bank forced anyone to invest anything. People invested in hopes of making gains, but lost because they invested in something without knowing or understanding what it was they were investing in, or the associated risks.

        It’s easy to point the finger. In this class warfare struggle some of our politicians are trying to push us into, everyone wants someone to blame.

        But when the housing bubble was at its peak, I remember refinancing my home. The appraiser had come out and valued my home at a considerably higher amount than it should have been. Then the lender talked with me on the phone and told me that I could borrow up to 75% of the equity in my home. However, since I have some common sense and knew that I could only afford a certain amount worth of a monthly mortgage, I told him no thanks, and I borrowed only the amount that I needed. I made sure my payment was low enough to be managed on a Burger King salary if unexpectedly drastic circumstances put me out of a good job and forced me to take whatever I could get.

        Two years later, when that nice low fixed rate was about to expire and become a variable rate, I made some calls and prepared to refinance again before I got surprised with a 13% interest rate out of nowhere.

        People across the nation did precisely what the lender would have had me do. They borrowed more than they could afford, and they did nothing to avoid the catastrophe of a variable rate. Before they knew it, their mortgage was as much as their income. Then the layoffs began, and the mess just got worse. But not because they were out of a job. It was because their mortgage was too high. Instead of making sure their mortgage could be handled in a pinch through low income employment, they looked only at the moment, and not for one second at the future. And that’s what a mortgage is. It’s not today. It’s thirty years. If you don’t have the foresight to think about your plan for the next thirty years, then you don’t have what it takes to take on the responsibility of a thirty-year mortgage.

        But long story short, while the banks most certainly have some part in what happened, the people themselves need to take some responsibility. For every home that was foreclosed on, there’s a mortgage contract out there with the buyer’s signature. Blaming the banks without blaming the defaulters is like blaming a teenage girl for getting pregnant without acknowledging that a boy got her that way.

        • frank jacobson

          Great analogy Alex, but you have to keep track of which players did what. That teenage girl was pregnant because she got screwed by someone who got her drunk. Only now does she know the price of a free dinner.

      • Libertytrain

        Alex you are100% correct. All people would have had to have done was think first instead of letting the greed for Bigger house, or getting refinanced for more than they could pay for because of the adjustable rate mortgages – and their own want for the excess money at refinancing for far more than necessary – I’m not the brightest light in the crowd but common sense makes so much more sense than the highest IQ more often than not.
        Problem is people no longer want to accept any personal responsibility – whether it be painting their nails in a closed plane or crying foul because they signed on for a huge mortgage without a thought as to how THEY were going to pay for it.
        Sure there are those who lost their jobs, but there are also those who lost their jobs that didn’t think first before signing on the line at the bank. Thinking seems to be in short supply these days.

  • ConcernedVet

    As a developer/builder for most of my working life, I’ve seen what is happening, and I believe it is something more. The BOCA rules that they have enacted, are causing the demise of small builders and contractors. They have the inspections so drawn out that the little guy can’t wait out the ‘process’, and what we would have been ashamed of for a time line in a small addition to a house is now months! The little guy can’t jump around on four or five jobs cause the mobleization cost kill any profit that can be made. And costs keep going up during the wait.
    I’m glad to be retired and out of the ‘game’ as It just isn’t a workable situation. My original thoughts were that it was designed by the insurance companies to lessen payout for claims, but now I’m sure it is part of something more sinister -to take the building business into larger companies that will have ‘bought’ inspectors and will be able to sail thru the building of small projects (at whatever costs they concoct)
    Sadly, this will take away opportunities for the younger men entering the building trades. It will also eliminate the ability to build small businesses in these trades.

    God help ?America?

    • http://gravatar.com/angelwannabe Angel Wannabe

      Concerned vet, you have a right to be concerned, Our Son runs big equipment for a small company, they go down to a six man work force in the winter. Its been tough on them but they’re still cranking.
      Big poppa Guv doesn’t want dealings with Mom and Pops anymore, the big money is in Monopolies. The laywers lobby and legislate for them in DC, and since most are interwined with each other throughout the globe, they can’t lose, sadly the American people are the ones that lose.

  • rb

    Just a note on a couple of observations. Foreclosures would not increase if people were not simply allowed to walk away from homes they don’t wish to pay for with impunity. I’m not talking about a change in financial situation that makes you unable to pay the mortgage I’m talking about the amazingly large number of foreclosures taking place because those who have the money to pay decide they just aren’t going to.
    Second. Did anyone notice the part about limiting charitable contributions? Here in Michigan they have already done that and it has been devistating to charities that depend on contributions to help our communities. Michigan has very few income tax deductions but the deduction for contributions to food pantries and soup kitchens was eliminated. Of course this doesn’t affect government run programs. It helps eliminate programs that compete with government run programs. See a pattern? And folks….everything is run by the GOP here now. It’s not just the Dems.

  • Howard Roark

    Comrad Franklin Roseveltsky’S programs to end the depression contrary to popular belief did not work. several universities have done studies of Roseveltsky’s programs and found that they caused the depression to last about seven years longer that it would have lasted if Roseveltsky had just left it alone. the economy kept trying to recover and Roseveltsky would do something else stupid and knock it back in the dirt agian. like today when Obummer says that the small improvements in the economy are due to him. the truth is that the economy is recovering in spite of Obummer.

    • Robert, TX

      So true! And the worst of the bunch was social security, soon to be followed by medicare. Why? These programs replaced personal (and family) responsibility with the federal government. So, people stopped buying life insurance, medical insurance and other investments because da gubment was going to take care of them, forever. The program was seemingly innocent in the late 50′s when the total “tax” was around 3% – but not today!
      Payroll taxes START at 15.3% BEFORE you add the cost of unemployment taxes; workmens’ compensation; disability; and wrongful termination or discrimination lawsuits. It’s a wonder we haven’t lost ALL of our jobs. And the seventy million people who are depenedent on these programs say “well, we don’t need to cut spending.” Yeah, right.

    • Mark in LA

      First of all economics is not science. It cannot pass the test of falsifiability. Economics is nothing more than politically motivated drivel used to drive public policy – the same is true of all social science. The people on the right are forever throwing out economics as some sort of answer to a problem and then immediately laughing at the supposed nonsense coming out of the left leaning social science sociology. There is no difference in the methods of these two groups of charlatans – only their political leanings.

      Therefore it doesn’t matter if a billion studies were done by economists that “prove” Roosevelt didn’t fix the Great Depression. There was only one and will always only be one Great Depression. Never again will the exact same conditions exist on earth so we will never know what alternate policies would have worked better or worse. Every “study” is just a jumble of statistical mumbo-jumbo backstopped by some guys argument to pull it all together – it is neither truth or anything close to it.

      The only “proof” there is of the success or failure of his policies is what the people living at the time thought. I’d say the tens of millions of people waiting for hours to get a glimpse of his funeral train and say their final farewell says a lot more about his policies than anything some right wing economist 70 years later can. I would also add the aborted coup by the extremely wealthy where the traitors were never prosecuted – goodle Smedley Butler. This tells you a lot about the people who wanted to smear Roosevelt and still do.

      • http://www.ifonlyphotos.com Alex Frazier

        Economics is not political drivel. Economics and politics may work together hand in hand, since governments are initially designed to protect the freedom and well being of a nation. However, economics has nothing to do with politics. Real economics is constantly at odds with what the government is doing. Real economics would disagree with almost everything the government legislates.

        Your comment is not a well informed one. Please research the topic before steering people down an incorrect path of presumptuous knowledge.

      • DaveH

        Mark,
        You certainly don’t offer science to us. Rather you offer conjecture. And we should listen to you? I think not.
        The reality is that there are those who study Economics in an unbiased factual way, and those who study Economics in a biased way and whose guidance is primarily oriented to support Big Government and it’s attendant Crony Capitalists.
        The Austrian Economists offer the former.
        If you’d get off your Liberal high horse and do some serious reading, you could learn that.
        Here’s a Free Book that can set you on your way:
        http://mises.org/rothbard/agd.pdf
        I know Mark won’t read it, but other people who have truly open minds (unlike Liberals who only profess to have open minds) will read it.

      • DaveH

        The question to ask yourselves as readers is ‘Why is Mark so insistent on trashing Economics?’. Is he afraid you’ll learn something and become less ignorant than he? Does he or his benefit from Big Government, and therefore he doesn’t want you to become knowledgeable and upset his/their apple cart?
        How could the study of any field of knowledge make you any worse off than knowing nothing at all about that discipline?
        I think his enthusiastic defense of FDR says it all. He can whine all he wants about Economics not being Science, but he can’t deny that FDR kept us in 10 years of Depression, and he can’t deny that FDR got us involved in a World War that pitted us against former allies (Japan) and ended with a large group of victim countries being freed from one totalitarian dictator just to be handed over to another totalitarian dictator.
        Read this to know the truth about Pearl Harbor:
        http://mises.org/books/pearl_harbor_greaves.pdf

      • DaveH
      • DaveH

        It’s funny that the same guy who decries Economics as not being Science would make this inane statement — “The only “proof” there is of the success or failure of his policies is what the people living at the time thought”.
        I can see him arguing in a murder trial — ‘But your honor, he couldn’t be a murderer because he has numerous friends’.

        Here is another book by John T. Flynn on FDR:
        http://library.mises.org/books/John%20T%20Flynn/The%20Roosevelt%20Myth.pdf

      • Mark in LA

        Alex and Dave I have researched the topic. Its you who don’t have any clue. Just because some third rate mathematicians like to call themselves scientists does not make it so. Have YOU ever actually took the time to think about all the holes that exist in what social scientists do to understand why it is a pretend science.

        Do you think the entire relm of human interactions can be modeled by a few simple linear equations? That is what these guys base their worthless opinions on. What about all the variables their models leave out. What about their ability to measure what they are using as inputs. What about all the simplifications? What about the various causal relationships? What about all the conjecture built into their models? It is no wonder these guys never make any useful predictions. They live is a world of vastly simplified models subject to the political pressure to conform to established beliefs so that their papers will be published and their grants accepted.

        A real mathematician once said that economics is something that can only answers questions at such a simple and basic level that it is worthless for all practical use.

        If economics was the science you people pretend it to be, we wouldn’t be in the mess we are now. As for Dave with his nonsense about the Austrians, one of their big criticisms of modern economics is their faith in these models. So even the Austrains know economics is more philosophy than science.

        If it isn’t a science it shouldn’t be used for making public policiy because then it is just more political barking designed to favor one group at the expense of everybody else.

      • Mark in LA

        Dave offers this nonsense:

        You certainly don’t offer science to us. Rather you offer conjecture. And we should listen to you? I think not.

        Dave I don’t have to offer science. I just show that economics does not fit the definition of one. It is up to economists to prove that what they practice is a science. They cannot. They never make accurate useful predictions above that of large generalities like “the housing market will crash due to the easy financing”. Everybody with a brain could see this comming not just the Austrians. Did mainstream economists see it? Some did but most were too stupid like when they missed the dot com bubble and called it the “new paradigm”. They were too busy working on their useless models which showed them that everything was all right, in fact as the prices went higher, there was less risk in lending to unqualified people since the foreclosures were now profitable – until they weren’t. This is the kind of nonsense built into these models – narrow minded tunnel vision thinking that passes for brilliance in the profession.

        Why don’t real scientists like physicists and chemists have such a lousy record? Maybe its because they practice a real science.

        For 30 years we have followed bad public policy all based on the stupid pronouncements of economists. Our manufacturing base is gone and we are stuck in a recession we can’t get out of. I’d say that is all the proof anybody needs of the worthlessness of economics and economists.

        • frank jacobson

          Economics good. Economists useless

        • frank jacobson

          It doesn’t matter whether it’s art or science. Quality depends on the practitioner.

  • Allan

    Housing was also the cause of the our economic success 2002-2005. Homeowners were cashing in on their (intangible) equity. Remodeling, educating their children, and yes maybe a cruise or 2. When the consumers have money to spend it drives the economy. when Government is looking to tax the hell out of us, and the big banks rapping the hedge and pension funds with their loan servicing fees (on Mortgage backed securities) by stretching out real estate short sales. The consumer part of the engine has gone from a powerful V8 to a 2 cylinder mo-ped. Put More Money in the consumer pockets and this economy will takeoff! However let’s not through out the baby with the bath water. having a home paid off as you approach your senior years will be income wind fall for you. I would much rather have my housing paid off than paying rent which will eat at your over taxed fixed income.

    • http://www.facebook.com/profile.php?id=100000929742691 Eugene Sevene

      FACT:::: In all of history there has never been a democracy that did not fail. Yes I believe in the American Dream, I do not believe in one devoting all his or her life to gaining more than they can ever use in their life time. This is GREED and GREED will destroy any society or government. FACT:::: A democracy can not stand because it allows for greed, which creates corruption in every aspect of the society, private and government. Until people realize this fact a Democracy will always fail in time, and it is corruption caused by greed that causes it to fail from within. Case in point, THE ROMAN EMPIRE. the government allowed for greed and Rome fell. I said as a teen in history class that the United States was following the same pattern as the Roman Empire and one day it would fall.We are now close and if the people do not take hold of their own fate it is going to happen. I can only ask that people look beyond their own back yard and understand what is going on. I can’t make them. The people need to take control of government officials and the country before it is too late. As I said before the language that they will understand is to get fired. Let us send that message and stop the greed

      • John

        The first ever recorded real democracy in history …the city state of Athens… failed because of greed and corruption. Any political system will fail in the end because of greed which causes corruption. Greed is a human trait, its in our genes, its a mechanism of survival and unless a political or economical system is carefully controlling greed, it is destined to fail.

      • http://www.ifonlyphotos.com Alex Frazier

        Eugene and John: Just to be clear, our country is not a democracy. We are a representative republic. You are absolutely correct that democracies all fail. But it’s not because of greed. Democracies fail because democracy is a mob-rules system of society. Every moron is given a say in how things are run.

        At present, our country is headed in that direction. Via the misconception that we are a democracy, everyone insists on having their say. The result is that gun rights are being violated, retired men are being imprisoned for selling orchids, guitar manufacturers are being invaded by SWAT teams over the wood they are using, good, hard-working people are being forced to fund abortions, birth control, and sloth, justice has become a system of revenge, plundering the successful is lawful and right while defending your wealth from the greedy and envious is a crime, etc. The list goes on and on.

        Greed, on the other hand, was taken into consideration in the creation of our Constitution. If you read the Federalist Papers, you’ll find that they believed that the instinctively corrupt nature of man is what reduces a government to despotism. To counteract that, our Constitution was designed to play on that inherent human trait by pitting three separate branches against each other. With each looking out for its own self interest, the conflict would keep the others in check. The Representatives watch out for the people. The Senators watch out for the state. The president watches out for the Congress and the country. The Supreme Court watches out for the law. And the people with their guns watch out for the tyranny of government.

        That’s how our system is supposed to work. Congress oversteps itself, the Supreme Court slaps them down with the law. The Senate tries to pass a bill, the House can slap it down in the people’s interest. Congress passes a bill, the Senate can slap it down. If both pass a bill, the President can veto it. It’s an intricate system of checks and balances, and they are all built around greed and self interest.

        The problem we have at present is that certain aspects of the Constitution are being violated without being contested or objected to. And if the Constitution itself is not upheld or defended, the whole system falls apart. It’s like playing Monopoly with house rules. If you play the game according to the actual rules, it’s only about an hour-long game. When you play with house rules, you might be playing until the sun comes up. Our governmental system is failing because they are bending the rules. Eventually, just as with Monopoly, the standard rules will be thrown out the window completely as they make up their own rules as they go along.

        • frank jacobson

          Alex, It’s not checks and balance. It’s total gridlock caused by obstructionists representing only a small portion of the population.

    • http://www.ifonlyphotos.com Alex Frazier

      Allan, let me take a moment to politely correct you. The idea that consumers having money to spend drives the economy is an illusion. What drives an economy are satisfactions and wants. In other words, supply and demand.

      Housing was the cause of our success in the same way that gluttony is the cause of good health. Both seem to satisfy a need at the immediate time, but if you take a moment to step back and examine the situation, one would find that both instances lead to disaster.

      Short sales are badly misunderstood. Just to be clear, when someone shorts a market, they are just saying, “there’s no way that’s going to hold up. It’s going to plunge.” The only difference between investors who short a market and consumers who know it’s too good to be true is that the investor bets money on it. If the stock or commodity plunges, they make money. But it doesn’t plunge because they shorted it. It plunges because it was weak or overbought. The investor merely took a profit on the gamble that it was going to do so. But on the flip side, the same investor might also take a bath on that short position if the stock or commodity goes up. That’s the part no one ever hears about. The news never reports on the losses some of these investors take.

      Finally, more money is not the solution. Putting more money in the pockets of the consumers is buying into the myth that money is wealth. The only time it works is when it is restricted to a few individuals. If you increase the money in the pockets of each and every American, prices across the board would simply go up to accommodate the increased supply of money. Money’s value is relative to the available goods or services. Unless the goods and services increase proportionately with the increase in the money supply, the only thing adding money to the economy does is cause inflation.

      • frank jacobson

        Alex, that was econ 101. Spend 5 yrs looking for a loophole we’ll give you a master’s. If you claim to find it we’ll give you a government job.

  • Howard Roark

    Another good example is the cash for clunkers program. there are people who need big vehicles. (i.e. traveling bands) now because the Government destroyed those vehicles the used vehicle market is facing a severe shoirtage of the large vehicles needed.

  • DaveH

    I wish Wayne would just write his articles like most of the other authors do.

    • Nadzieja Batki

      Then he wouldn’t be Wayne.

    • moonbeam

      Same here Dave. Although I like Root’s articles, I would much rather read than sit through a video any day. This love affair with videos on the internet just does not blow back my hair.

      • John

        Especially if they are made like a 3 year old was writing the script. A printed essay can be a rant, but is is seldom, most videos are just rambling rants to fill time and the message gets lost.

      • DaveH

        “Especially if they are made like a 3 year old was writing the script”?
        Was that necessary, John?
        Do you think it elevates your stature to personally attack people?

      • John

        Dave, you need to learn to differentiate between an attack and an observation… I am sorry, For someone like me who has to look every day at videos people make and is fully aware of the capabilities of even the cheapest one of today’s computers and free video editing software that is available on the net, I am appalled that something like this is even shown. A 5 year old in mommas basement can do better …. and has done so. I do understand that he is your idol and is your hero in your utopian world of 100% free markets… but you need to step back and see reality. You people wonder why nobody take you serious… videos like this are one of the reasons.

  • Robert, TX

    Our “housing market” has been under constant assault since 1965. No matter where you find a decent middle-class neighborhood, the govt. will sprinkle in some section 8 housing, and BOOM, ALL of the decent people move to a new suburb. Then, the govt. says “if you check the right box on the application” you don’t need one of those pesky downpayments, you’re good to go – and another neighborhood bites the dust. I love to see these people who move into their gated communities and send their kids to private school – while paying hundreds of thousands of $$ in income and property taxes – so that 100 million people can sit on their ASS and receive welfare. FOOLS.

    • Nancy in Nebraska

      Speaking of welfare, did you hear about the lady who won a million dollars in the lottery? She cleared just over a half a million. She’s still collecting food stamps! She thinks it’s fine because…well, she has no income and she has two houses to pay for. Now, that’s Amerika!

      • http://www.ifonlyphotos.com Alex Frazier

        I read that article. DHS cut her off after that interview when they found out. The nerve of some people. I swear. She should have been at DHS the next day, or at least on the phone with them, to tell them to cut her benefits.

  • Allan

    It is more like self centerness or better Known as selfish. I’ll tell you right now that there are homeowners who are underwater who are not looking at self but at the bigger picture. At the risk of their financial dimise they are making the inflated house payment bailing out the greedy Banks again. Costing their Family thousand of $$. Save your Financial future re-evaluate the whol picture. Home ownership(free and clear) is important for your senior years. At these Interest rates and prices Wow what an opportunity.

    • http://www.ifonlyphotos.com Alex Frazier

      I don’t agree with what the government is doing, but if the interest rate is going to be 0%, I’ll be refinancing.

  • Hey You

    For those who believe that the financial system (i.e. National Banks, etc.) are screwing the average customer, it may be of interest to find out about Public Partnership Banking at:

    http://publicbankinginstitute.org/ and http://papublicbankproject.org/

  • http://WWW.MORPIX.BIZ/X4(ADOPTED) DAVE WILBER

    BANKS LOAN NOTHING BUT PENS TO SIGN NOTES! WHERE DO THEY GET THE AUTHORITY TO SIEZE ANYTHING MORE VALUABLE THAN PENS??

  • Mark in LA

    More drivel – the government is caught between a rock and a hard place. If prices drop to what the market would support, the price of an existing house in 90% of the markets would be half the cost of building one and nobody would be working in the construction industry. Furthermore, more banks would be insolvent. The government gambled that the downturn wasn’t as severe as it has been and that holding prices up while the economy recovers would be the best of bad solutions.

    The problem is that prices are sliding again and the people conned into believeing that housing had hit bottom two years ago are underwater if they used FHA type financing or have lost almost their entre down payment if they used conventinal finacing. The slide could continue for another 10-15% of price over the next two years. This is casing people to wait to see if prices slide further. Burbank slid almost 10% last year.

    Nobody had an answer – regardless of what anybody said. It is time people realized that. The problem is that economists pretend they are practicing a science and science always has an answer. Economics is just more politically colored drivel used by variuos factions in society to get laws passed favorable to themselves.

    The “free market” answer of letting prices go to free fall sounds good to some people but would have been no real solution either. Rich people and their banking insider buddies would have simply scooped up all the houses for 10 cents on the dollar. I know because I remember the tax lien scam going on after the S&L fiasco. Well connected people got properties where the chain of ownership was unclear and ended up with property worth 50 times what they paid while the little guy investing in these schemes usually just got the interest on the money he lent to pay the delinquent tax – in spite of all the stories you heard by the pitchment on the investment ads.

    • ME AGAIN

      YOU HAVE FALLEN INTO THE WEB OF OBAMA’S CLASS WARFARE, WAKE UP AND REALIZE THAT THIS COUNTRY WAS PUT TOGETHER BY PEOPLE WHO WORK HARD AND GET AHEAD.

      THERE WAS NOT SO MANY PROBLEMS UNTIL THE GOVERNMENT STARTED TAKING OVER OUR EVERYDAY THOUGHTS AND FREEDOMS.

      I DECLINED TO GO TO COLLEGE BECAUSE I WAS TOLD BY THE ENGLISH PROFESSOR THAT “YOU ARE NOT LIBERAL ENOUGH”. I PUT MY MONEY INTO THE STOCK MARKET, AND DID VERY WELL, SO IT CAN BE DONE, EVEN BETTER WITHOUT GOVERNMENT INTRUSION

    • ME AGAIN

      ALSO, WALL STREET AND THE BANKS PUT OBAMA IN OFFICE, ANYTHIN COLLUSION THERE?????

    • DaveH

      Mark says “More drivel”. Obviously he was talking about his following comment.
      I imagine Mark would have argued the benefits of keeping the Buggy Whip industry alive also.
      If there is a housing glut, then it makes no economic sense to continue building more houses. The builders who can’t find home-building jobs just need to bite the bullet and seek employment elsewhere. To do otherwise just wastes our financial and natural resources.

  • Louis Lemieux

    We Americans make up 5% of world population and our Gross Domestic Product comes out at 24% of World Gross Domestic Product. So why in the world are so many of us so pessimistic and complaining! Meditation is good for the brain.

  • frank jacobson

    What a load of shot. Our crisis was caused by the collapse of an artificially inflated housing market. Once we discovered there was not enough money in the world to pay existing housing debt there was no way to put Humpty-Dumpty back together. The only people who could afford to actually pay for their houses would be the wealthy and Mr Root thinks the government should still pick up 40% of that bill.

    • Nancy in Nebraska

      frank, you’re only partly right. The collapse was caused by an artificially inflated housing market. But, how did it become artificially inflated? The government ordered the banks to give mortgages to people who could not afford them. The government also guaranteed those loans, knowing that those people could not afford them. The bankers played fast and loose. They had nothing to lose. The government can pretend that they care about poor people but the whole thing was a scam to allow the bankers to rip off the taxpayers. The result is that the people who shouldn’t have bought in the first place are now in trouble. Those of us who prudently bought no more house than we could afford are still meeting our obligations. When we bought our house, I was amazed at how much we were “prequalified” to borrow. I would never put myself in such a position because a prudent person knows that things can happen. When you stretch yourself too thin bad things can happen. But, people now days let others make their decisions for them. Then they can’t be held responsible for their choices. A lot of people contributed to this problem but the government was at the root of it.

      • frank jacobson

        Nancy, You and I are on the same page. I skipped over a lot of history to address the current situation where Mr Root wants to enlist the government to make 40% of his house payment instead of actually reforming the tax structure.

      • Louis Lemieux

        The US housing market catastrophe was essentially the result of the insane Securities and Exchange Commission ruling in April 2004, the final decision that paved the way for the implosion of everything regulation was designed to protect. This would not have happened if it were not for the well-paid lobbyists of the Wall Street bankers.

        • frank jacobson

          There is no way to return to the old price structure unless you can provide home owners with the income that would be needed to support their loans. Any thing short of this only denies the problem and seeks to protect some from reality while shifting the burden to others.

      • DaveH

        Frank,
        I hadn’t listened to the whole of Wayne’s speech yet (Internet bandwidth problems), and after reading your comment I couldn’t believe that he (as a Libertarian) would be promoting Government aide, so I listened to more of his speech. I’m still not convinced that Wayne is promoting Government aide though. He seemed to be more concerned about those people who innocently had bought homes while counting on the Mortgage Deduction to make it more affordable and then might have the rug pulled from beneath them. But you’re right that Government shouldn’t be involved. And Wayne is right also that the Government should keep its contract. But the waters are muddied because Government is keeping that contract with other peoples’ money. What a web we weave when we first allow Government to get involved in the economy.
        Ideally, the Income Tax system should be scrapped outright, Government cut in size dramatically, and what Government is left should be paid equally by each adult in the country. But that would never fly with the Leaders (too much Power lost).
        Barring that, they should let the deduction continue for those homeowners already involved, and eliminate it for future homeowners.

      • DaveH

        Well, I got my DSL problem solved and after I listened to the rest of Wayne’s speech I’m a little disappointed. Obviously he isn’t a staunch Austrian Economist. We believe that any Government intervention in the Economy creates distortions that eventually result in weaker economies and unhappier people. Government should not be in the business of picking winners and losers. Those people who choose not to buy homes shouldn’t have to subsidize those who do. Sure, one group of people are happier — those buying homes and building homes — but the other group are less happy — those who don’t want to own homes and the businesses whose products the non-homeowners would have spent their money on.

  • ME AGAIN

    I think it is on purpose (the ruination of the housing market). The only way they can run your life is to have power over everything, as simple as your housing, your food, your children, and all other things we consider freedoms. The Democrats are the worst at taking these, and telling you “We need to do for you, so you don’t fail” said THE SPIDER TO THE FLY. Look what government did for the Indians, then the blacks, and now they tell the Latino, we need you to come into the fold (spider web). Hopefully, people will wake up soon, this is the ACCELERATED VERSION OFCLINTON’S (“AGENDA 21″ AND SOROS’ OPEN SOCIETY).

    • Old Sarge

      On June 9, 2011 President Obama signed Executive Order 13575, but since Agenda 21 was first proposed in 1992, similar orders were signed by Presidents Bush 41, Clinton, and Bush 43. This brings up a very important question for voters. Who can we really trust? How do we know if the Republicans, fighting for the nomination, would or would not sign a similar order if one of them becomes President? We don’t and that is one question you will not hear asked in any of the debates.

      Of the few Americans who know about UN Agenda 21 many dismiss it saying that it could never happen here. These people are in a place called “Denial”. They make up a large part of the 50% plus who are eligible to vote but choose to stay away from the polls on election days. They are convinced that Agenda 21 could never happen in America. They refuse to talk about it because it is too depressing or they are convinced that it is all a fantastic fantasy dreamed up by a bunch of alarmists. All they care about is being able to watch their sports or soaps. They have an ostrich mentality. They stick their heads in the sand hoping it will all go away. This is the apathy I have been talking about. They will soon be paying the price for it when they are taken from their plush homes in the suburbs and moved to cramped apartments in the major cities with only the bare necessities or into FEMA camps with even less. Don’t take my word for it. Google United Nations Agenda 21 and do your own research, or you can just stick your head in the sand and wait for that rude awakening. I pray that I am wrong because this is one time I would not enjoy being an I told you so.

      Check this video out. It gives a simple to understand summary of Agenda 21.
      http://my.brainshark.com/Agenda-21-for-Public-Officials-472185383

      • Nancy in Nebraska

        Sarge, thanks for posting the link for the agenda 21 explanation. That is a really comprehensive explanation. I plan to share it with many.

  • Old Sarge

    Where this all started was in 1977 when Jimmy Carter signed the Community Reinvestment Act. It gave liberal politicians like Barney Frank and Chris Dodd the teeth to force banks to grant home loans to people that couldn’t pay for them. The writing has been on the wall for many years and the voters still refuse to read it. They keep reelecting the people who are working to destroy our liberty and freedom. I’m not blaming the ignorant clowns that voted them into office. At least they voted and only make up a small minority of the people. In the past elections less than 50% of those eligible even bothered to vote. The people who stay away from the polls on election days are the real threat to our liberties and freedoms. A politician’s worse nightmare is if everyone eligible voted. Then they would have to work for their constituents and there is no money in that. Democrats, as well as Republicans, all get very generous contributions from special interests lobbies. As a result, we have the best politicians money can buy. This is the product of Apathy and they will soon be paying the price for it when it is too late to do anything about it. Apathy put these politicians in office and Apathy will send them back there and they are all praying that you all stay away from the polls on election day. To those who don’t vote I have one thing to say. If the day ever comes that the minority of voters have voted all our rights away, don’t come complaining to me. I will have one question. Where were you when there was still time to do something about it? The more eligible people that vote, the harder it will be to stuff the ballot boxes.

    APATHY, IS THE GREATEST THREAT TO OUR LIBERTIES AND FREEDOMS. NOT OBAMA. WAKE UP AMERICA!

  • http://gravatar.com/bychoosing Jay

    Nearly all US Presidents are Related to the British and French Royal Families, including Obama.

    Obama has a prolific presidential lineage that features Democrats and Republicans. His distant cousins include President George W. Bush and his father, George H.W. Bush, Gerald Ford, Lyndon Johnson, Harry S. Truman and James Madison. Other Obama cousins include Vice President Dick Cheney, British Prime Minister Sir Winston Churchill and Civil War General Robert E. Lee.

    The books Burke’s Peerage & Baronetage and Burke’s Landed Gentry have, for 175 years, recorded the genealogies of the UK and Ireland’s titled and landed families. Often referred to as ‘the aristocracy bible’, these are without comparison as a genealogical reference to the influential figures and families of Great Britain and Ireland.

    Burke’s publishing director, Harold Brooks-Baker says Bush’s royal connections are startling. “[Bush] is closely related to every European Monarch both on and off the
    throne,” says Brooks-Baker.

    Some of the governor’s royal kin include Britain’s Queen Elizabeth II, the Queen Mother, Duchess Sarah “Fergy” Ferguson and even the late Princess Diana.

    His most prominent ancestor may be England’s King Charles II, who shared the governor’s vision of a strong military.

    Going back nearly 1000 years, Brooks-Baker points out both the Bush and Pierce families [Barbara Bush's maiden name is Pierce] were high society. “Not one member of his family was working class, middle class, or even middle, middle class,” he notes.

    Gore’s family members weren’t exactly peasants. The vice president’s family tree includes Charlemagne and three Holy Roman emperors. And a good fight wouldn’t frighten the vice president’s most famous ancestor, England’s Edward I – best known today as the king who defeated, then executed Braveheart. Gore is running a bit behind Bush in the European royal count, his blood-line runs close to some American home-grown nobility, including Thomas Jefferson.

    As for John Kerry, “the 60-year-old can trace his roots back to the first Massachusetts governor, John Winthrop, to every great family in Boston and to a host of royals in Europe. Kerry can almost certainly be traced back to King James I and to the bloodlines straight through the Windsor and Hanover families,” Brooks-Baker said. “But both candidates have a remarkable number of royal connections and both are related to Queen Elizabeth.”

    What about Bill Cinton ? In an Associated Press article published in The Daily Oklahoman, October 28, 1996, Harold Brooks-Baker said: “Bill Clinton was born William Jefferson Blythe, but took his stepfather’s name as a teenager. Clinton’s ancestry can be traced back, on his mother’s side, to King Henry III who ruled England from 1227 to 1272. He is descended from King Robert I of France.

    Furthermore, he is related to every Scottish monarch to the current British royal family. Clinton’s royal roots include several medieval monarchs and Simon de Montford, a statesman and soldier under King Henry III. Through de Montford, Clinton is related to every ancient aristocratic family in Britain today.”

    In the same article, the journalist revealed that “Bill Clinton’s family goes back to William Henry Harrison and Benjamin Harrison, making him related to Gerald Ford and Jimmy Carter. His kinship to Ford makes him ‘near kin’ to Richard Nixon and George Bush.”

    Small world, isn’t it? And this seems to be a jealous guarded secret as over the past years, the President had all records of his family history, school records, medical history, etc. sealed.

    Still think that the Democratic Revolution has changed the Aristocratic Governments ? Now think twice :).

    http://thecounterpunch.hubpages.com/hub/Nearly-all-US-Presidents-are-descendant-from-the-British-and-French-Royal-Families

    • Karolyn

      Actually, we’re all related.

  • 45caliber

    If you own your own home, they have to have a search warrant to enter it – which means they have to have probable cause to get the warrant. Even if you rent a house, they have to have a warrant.

    BUT … if you live in an apartment, they don’t need one. All they have to do is go to the apartment manager who will let them in. Since he is the owner’s representative who lives there on site, He can give them permission to search your home without a warrant. The government has been trying to get people into apartments rather than houses since the early sixties when this was decided.

    • bono

      Sorry, you need a warrant to get into somebodies apartment, the police can not enter without one. 5th Amendmant. Tried and tested in court.

    • bono

      Make it the 4th amendmant.

      • 45caliber

        Sorry, but you are wrong. The courts ruled (during Clinton’s term in office) that the manager is the “owner on site”. The “owner” can grant permission to enter since he has a key and is on site. Further, the lease contract in most places now, particularly in governent housing districts have a clause that states that the leaser allows the manager to enter at any time. Clinton insisted on that since the SCOTUS ruled that police couldn’t enter to search for guns just because they wanted to do so.

        However, few police departments care to challenge this since it is generally easy enough to get a warrant if a search is needed. So they almost always get one.

  • TUNAMAN

    I WONDER WHY NO ONE CAN SEE THAT THIS IMPOSTER OF A PRESIDENT IS ACTING LIKE A DICTATOR AND CONGRESS HAS GRABBED THEIR ANKLES AND SAID KEEP GOING THIS FEELS GOOD! REMEMBER THE PEOPLE GET THE GOVERNMENT THEY DESERVE! IF THE REAL PATRIOITS DON’T WAKE UP IN 2012 AND CLEAN HOUSE IN ALL GOVERNMENT BODIES; IE, FEDERAL, STATE, AND LOCAL THE CITIZENS AREN’T GOING TO LIKE THE RESULTS! IF YOU HAVEN’T LIVED IN A DICTATORSHIP, YOU WILL BE MISERABLE! THE COMMIE DICTATORSHIP THAT WE NOW HAVE IS TRYING TO DISARM THE PUBLIC! IN THE WORDS OF CHARLTON HESSTON, THEY WILL HAVE TO PRY MY WEAPON FROM MY COLD DEAD HANDS!!!

    • http://gravatar.com/bychoosing Jay

      A fine speech, TUNAMA, and i agree! But before, as you say, we clean the house, if that is even POSSIBLE, we should at the very least identify who lives in, and occupies the house!

      Did you know all 44 U.S. presidents have carried European royal bloodlines into office? 34 have been genetic descendants from just one person, Charlemagne, the brutal eighth century King of the Franks. 19 of them directly descended from King Edward III of England. In fact, the presidential candidate with the most royal genes has won every single American election.

      “This information comes from Burke’s Peerage, which is the Bible of aristocratic genealogy, based in London.

      Every presidential election in America, since and including George Washington in 1789 to Bill Clinton, has been won by the candidate with the most British and French royal genes.

      Of the 42 presidents to Clinton, 33 have been related to two people: Alfred the Great, King of England, and Charlemagne, the most famous monarch of France. So it goes on: 19 of them are related to England’s Edward III, who has 2000 blood connections to Prince Charles.

      The same goes with the banking families in America. George Bush and Barbara Bush are from the same bloodline – the Pierce bloodline, which changed its name from Percy, when it crossed the Atlantic. Percy is one of the aristocratic families of Britain, to this day. They were involved in the Gunpowder Plot to blow up Parliament at the time of Guy Fawkes” -Researcher/Author David Icke, “Alice in Wonderland and the World Trade Center”

      If America declared its Independence from the European monarchies in 1776, how is it possible that every single president has descended from European monarchs? If presidents are democratically elected as we are told, what are the odds that we would always choose members of British and French royal bloodlines to lead us?

      “The Americas have always been owned and governed by the same royal families of Britain and Europe that conventional history states as being among those defeated during the wars of so-called ‘Independence.’” -Michael Tsarion, “Astrotheology and Sidereal Mythology”

      “If it really is the Land of the Free and if, as is claimed, anyone really can become the president, you would fairly expect that the 43 presidents from George Washington to George W. Bush would express that genetic diversity. You’re having a laugh. The presidents of the United States are as much a royal dynasty as anything in Europe, from whence their bloodlines came.” -David Icke, “Tales from the Time Loop”

      Researchers like David Icke, Michael Tsarion, and Fritz Springmeier, along with foundations like the New England Historical Genealogy Society, Burkes Peerage, the Roman Piso Homepage, and other reliable genealogical sources have documented these royal presidential bloodlines. Actually, by branching out far enough on the presidential family tree, the dedicated researcher will find that all 44 presidents share kinship, belonging to the same general ancestry, often called the 13th Illuminati bloodline, the Merovingian line, and/or the Windsor-Bush bloodline.

      “If you go deeply enough into the genealogical research you will find that ALL the presidents are from this line …A spokesman for Burkes Peerage, the bible of royal and aristocratic genealogy based in London, has said that every presidential election since and including George Washington in 1789 has been won by the candidate with the most royal genes. Now we can see how and why. United States presidents are not chosen by ballot, they are chosen by blood!” -David Icke, “The Windsor-Bush Bloodline”

      Granted the relationships are sometimes distant 10th or 15th cousins, but in a country with hundreds of millions to choose from, this simply cannot be chance or coincidence.

      Gary Boyd Roberts, a genealogist at the New England Historic Genealogical Society thoroughly traced these connections in his book “Ancestors of American Presidents.”

      George W. Bush himself is directly related to 16 former U.S. presidents including George Washington, Millard Fillmore, Franklin Pierce, Abraham Lincoln, Ulysses Grant, Rutherford B. Hayes, James Garfield, Grover Cleveland, Teddy Roosevelt, William H. Taft, Calvin Coolidge, Herbert Hoover, Franklin D. Roosevelt, Richard Nixon, and Gerald Ford.

      Bush is closely related to the king of Albania and has kinship with every member of the British royal family and the House of Windsor. He is related to 20 British Dukes, the 13th cousin of Britain’s Queen Mother, and of her daughter Queen Elizabeth.

      He is 13th cousin once removed from Prince Charles and has direct descent from King Henry III, Charles II, and Edward I of England. Through the House of Windsor and King Henry III, the Bush’s and Bill Clinton are genetically related as well.

      “According to Burke’s Peerage, even according to the official genealogy, Bill Clinton is genetically related to the House of Windsor, the present royal family in Britain; to every Scottish monarch; to King Henry III of England; and to Robert I of France.” -David Icke, “Alice in Wonderland and the World Trade Center”

      In 2004 George W. Bush ran as a “Republican” against “Democrat” John Forbes Kerry – his 16th cousin.

      These cousins, related to the same British and French monarchs, are also secret society brothers in the infamous Skull and Bones fraternity.

      John Kerry descends from King Henry II of England and Richard the Lionheart, leader of the third Christian crusade in 1189. He also has links to royalty in Albania, Sweden, Norway, Denmark, Russia, Persia, and France, but still not enough royal genes to top George Bush. Earlier in 2000 we see the same story – George W. Bush ran neck and neck with Al Gore; another supposed democrat and cousin of the Bush family.

      “Al Gore is a descendant of Edward I, Roman Emperors Louis I, II, and Charles II and is direct descendant of Charlemagne which makes him a distant cousin of Richard Nixon and George W. Bush. So the top “democratic” candidates against Bush in 2000 and 2004 were actually his cousins!” -Michael Tsarion, “Where History Ends DVD”

      I’m sure you’re beginning to get the picture, TUNAMAN!

      Read the rest the rest:http://www.atlanteanconspiracy.com/2008/06/presidential-bloodlines.html

      • frank jacobson

        That’s another load of crop. Everyone is your 16th cousin. That’s almost as amazing as finding out you’re related to Adam

      • http://gravatar.com/bychoosing Jay

        You missed the point entirely, Frank! Of course we are all genetically related, all past Presidents included, but we do not all share a privileged relationship to a Aristocracy/Monarchy/Oligarchy, now do we? How could you have missed that, that being the purpose/thrust of the article; “All 44 U.S. presidents have carried European royal bloodlines into office, specifically that of; Charlemagne, the brutal eighth century King of the Franks, and, King Edward III of England, and; the presidential candidate with the most royal genes has won every single American election.

        The article clearly points out the specific requirements/qualifications for the Presidency set by the ruling elites, Monarchies; that being; one who is a direct descendant, through blood/genetics/ancestry, to the aforementioned Monarchies, and, the one closest, or next in line, according to genetic prominence; excluding all others(plebs/inferiors), not directly related, regardless of education, intelligence, love of country, or good will. Another words, consideration and approval for the Presidency, will only be given to the one that meets that specified criteria, and no-one else, and this stipulation, enforced by Royal decree! You are free to disagree, of course, but feigning inferior acumen profits no one, Frank!

      • frank jacobson

        I did not miss the point. I may have as good a p edigree as those guys but that doesn’t make me president and it’s not surprizing to find that they all have something that most of us share. Spooky! I think not.

  • Mad-Max

    Our problems are much bigger than housing, it’s jobs. Good Jobs! Everything depends on jobs. Of course the politicians are lying about creating these jobs especially the republicans. It’s time to wake up people.

    Read “Common Sense 3.1” at (http://www.revolution2.osixs.org )
    FIGHT THE CAUSE – NOT THE SYMPTOM

    Free people shouldn’t act or live like slaves. Think about it!

  • PJ Vinch

    Your an idiot. It was never about selling houses, it was about selling credit. This boom bust belong squarely in the hands of the Fed…which we do not control. We deregulated them and you are now feeling the effects of allowing the fed to control our money. Our elected officials that do not represent us, are stupid, and allowing the fed to control credit, who gets it and how much is available is insane.

  • restorefreedom

    Just saw video on agenda 21 thanks Bush senior and all the rest they should be tried for treason!

  • Dens

    The ultimate goal of the our present government and it’s propaganda arm, the news media along with like minded environmentalists and other control wonks around the world seems to be the destruction of Capitalism. Ruining the Housing industry is likely an important part of their campaign of destruction. Once you understand this fact, what they are doing becomes clear. Capitalism gives the lowly common people just too much freedom to choose.

    Capitalism, by it’s nature, provides political freedom, economic freedom, freedom of choice etc. It de-centralizes the sources of things people want or need. This freedom makes people too difficult to control. The resultant economic growth allows these people to build houses, businesses, and need more energy and so on.

    Powerful environmental groups feel these un-controlled Capitalists are destroying the planet. Tyrants, environmental or otherwise, and their neo-world order co-horts cannot control people who can make their own choices and do not have to rely on a central source for their existance.

    The environmentalists, in their zeal for a utopian “green” world help finance and elect political tyrants, despots, dictators or whatever it takes, legal or illegal, to get rid of Capitalism. They have found their “soul mates” in the Marxist Socialist movement of which many in our present government are an active part, Capitalism is their primary enemy, ruining the Housing Industry is just one part of their plan.

    Notice the housing industry is being sunk under the quise of “spreading the wealth”, “getting their fair share” and “leveling the playing field”. Sound familiar?

    • DaveH

      Good points, Dens.

  • raw

    TML is a naive idiot. They know exactly what they’re doing. Somebody’s profiting from the way things are now or things would not be the way they are now. Don’t believe it? Keep your eye on the future – if incompetence was their only fault the economy would eventually be brought back on track & the deficit would plunge. But as things get worse you’ll see it’s by design.

  • David Kipp

    Housing is not an investment!!! When I purchase an investment, I own it until I sell it. If the price goes up I pay tax on the gain, if I take a loss I get to deduct the loss from my income. But I always own the security I purchased. This is the definition of an investment. How does a mortgage on a house fit this definition? It does not, on at least two fronts. First the only reason a house was ever considered an investment was that over time the value would rise. But what value rises? Not the house, it is actually a depreciating asset. Why? Because the physical structure is being used, no different than a car. The property it sits on is what rises or falls in value. Who owns the property? Not the homeowner!!! The government entity that taxes the property owns the property. The homeowner rents the property that the house is built on. What happens if I don’t pay the “rent” on the property? The property is foreclosed on and sold to collect the back “rent”. So the biggest investment one makes in their lifetime is never “owned” by the “investor”. Even if the mortgage is paid off, the rent still needs to be paid. If the value of my “investment” falls and I need to sell, do I get to write off the loss? No. I only can write off the loss if the property was truly an investment property ie a rental. So pray tell how in the world is a house an investment?

  • Time

    This was the plan all along.. To approve low income, low scoring credit , minority and everything in between, housing loans. This was their intent who were hell bent on taking over America. They had their plan set, agenda and they knew that the housing market was key.. They fought hard, forcing banks arms, calling them out as racists, and picketing banks to get their way to make these loans to unworthy applicants.. Knowing that within 15 yrs this would cause the American economy to falter, crumble and eventurely collapse.. They knew they had to move their hand picked, chosen one into the White House to get the last piece of the puzzle in, in taking over the country to work. That they would need one of their own in the oval office to come full circle and move this nation from capitalism to socialism.. They worked hard for 40 yrs and had many hands in motion and it has now beared fruitation..We are witnessing the take over of the U.S.A peeps and we have seen nothing yet if we allow him and his acomplices to regain another term.. The housing market will not be the only thing that will be gone, it will be far more reaching and devastating then that… Peace to all my fellow Americans…

  • Kris

    Go get him, Mitt Romney. Show Barack Obama, we’re not gonna fool around. Send him back to Chicago.

  • http://www.facebook.com/profile.php?id=722136046 Daniel Stoner

    This guy is such a massive tool. This won’t cause any problem at all – the housing market problem is not among the ultra-high-end houses like he lives in, as it is such a tiny fraction of the overall housing market. The problem is the millions of home that the actual 99% live in, not the homes Wayne lives in, which is where the elimination of the deduction is targeted. He’s just bitching to try to keep his feather-bedding laws that favor the very rich. What a jackass.

    • http://gillysrooms.blogspot.com GILLYSROOMS from Australia

      You may be right Daniel Stoner…but you will get a trickle down effect which will affect all prices down the line of values..eg if the $10 Million drops to $7 million the cheaper $8 million house will drop to say $6 million and so it goes down to the line to $200,000 homes. Everyone loses and the banks will try recover their high end losses by increasing the cost to the remaining home borrowers to share the burden. If a bank loses $miilion on thousands of $multi million homes …do the some of all the losses they will want to recover…and the reduction of $billions of values to secure all those depositors…is just impossible to calculate. Everyone loses.

  • Thomas Gunn

    The actual (and malicious) intent of the ruling class, is just as it has been for thousands of years…… To control all property. labor, and therefore the means of production. This is the cornerstone of Socialism — centralized control of the means of production. Whether you have “State Socialism” as in the former Soviet Union, or “Corporate Socialism” as in Nazi-Germany and now the United States …….. is irrelevent……different variants of Socialism…..are all still just Socialism. Our corrupt monetary system of debt fiat currency, along with the onerous property and labor taxation in this country, have all combined to render property rights and home ownership nothing more than a myth, and by ensuring that the rate of unemployment is held artificially high, the banking aristocracy that owns all of the major corporations and their subsidiaries, then also controls the labor market. Achieving this model, was the purpose behind the engineered housing market collapse, and it was wildly successful. We have been pushed yet another substantial increment towward a full-on dependency society, with the SOCIALIST CORPORATOCRACY controlling all land, all labor, and all means of production. No one in this country has owned their home for many decades now….as long as we have property taxes, and a corrupt monetary system based on central banking, fiat currency, and franctional reserve lending; no one in this country ever will truly “own” their property.

  • Kris

    Agenda 21 calls for no one but the govt. to own any land! This is what Hussain and his cronies are working towards, no privte property rights! Hussain signed in Feb. another executive order promoting Agenda 21! This started with Bush number 1 and has been continued by all the presidents with exceptions of Reagan and Bush jr. who didn’t do anything concerning Agenda 21. Hussain took it a step further with the death care bill which will kill off all the seniors and the disabled via the IPAB. The death panel was passed in the first 785 billion stimulas bill and Hussain appointed the 13 member death panel 3 weeks later! So even if the death care bill is struck down by the supremes, it will take a separate bill to rid us of the death panel!

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