Listen to the Experts
All bantering aside, we should have spirited debate with the flashing of details and facts. Details and facts just aren’t what they used to be. Often the wrong facts are nothing if not just protected fairy tales. “The world is flat.” “The United States is a democracy.” “All men are created equal.” “The end is near.”
John Konop may think the devil is in the details. One detail never gives the whole spectrum anymore than a dozen details. It’s a can’t see the forest for the trees dilemma.
Perhaps the best example comes from the D-Day invasion. Few troops hugging the ground to stay alive could see fifty yards to the right, the left, or the rear. The assault for some was fatal before reaching the beach. Deadly for paratroops before putting a boot on the ground. Others walked across a sand packed beach upright and smiling.
But, I’m writing about experts on the economy. Like Bernanke, “We’ve never had a decline in housing prices on a nationwide basis.”
Alan Greenspan, the former Fed chairman, said the housing market was not susceptible to bubbles, in part because every local market is different.
Economic experts for real estate agents, home builders, bankers, Fannie Mae and Freddie Mac who published a report in 2004 saying, “there is little possibility of a widespread national decline since there is no national housing market.”
In my humble opinion, not that of an expert, this form of economic socialism or corporate welfare has bolstered these these fools long enough. We have at least a trillion dollars in bad mortgage loans driving the price of homes up and soon to drive the price of the median home down.
The Fed has propped up and bailed out enough markets and corrupt corporations at the expense of the average Joe and Jane.
Bail out Jane and Joe this time. Let the economic socialism and corporate welfare for the government dependent housing industry end.
Maybe someday there will once again be meaing to “All men are created equal” and “America is a democracy.”
