| |
|
Ass-clowns in Wonderland
by Hazel Burke
| Mar. 22, 2008 |
First, here is a "deep link" to a .jpg of the Mad Hatter saying, "Words mean what I say they mean, Alice" (which is, of course, highly circular and funny, if not so dang true these days).
Anyway, this article educates:
Alice in Wonderland
by Peter Schiff, 321Gold
|
|
|
Is it really good public policy to have millions of people homeless, without jobs or healthcare while homes sit empty and work remains undone?
|
|
|
|
|
Mr. Schiff began sounding the apocalyptic alarms in 2005. He was laughed off the stage by the ass-clowns at CNBC (to be fair, Rick Santelli of CNBC is not an ass-clown and is too good for them --
they are unworthy to shine his shoes -- he is one of the smartest persons I have had the privilege to observe.)
Anyway... Mr. Schiff educates us in his article about the madness in New York and D.C.
Consider: The Wall Street Journal* printed an opinion piece calling for the government to buy and demolish foreclosed homes in order to increase the value of the remaining homes. Mr. Schiff demolishes this proposal thusly:| |
"... there is no question that we built far too many homes during the housing bubble. However, destroying them now will merely compound our losses. The one benefit we have from excess construction is an ample supply of what will soon be highly affordable homes. At the moment foreclosed houses are only unwanted because their prices are still too high. Once prices drop sufficiently there will be plenty of demand. However, destroying existing homes reduces their value to zero (actually less due to demolition costs) and only exacerbates the losses to creditors and society. Mr. Jenkins' thinking is formed by the same perverse logic that led the Roosevelt Administration to destroy farm animals and crops during the 1930's because he wanted to prop up food prices." |
Case closed! What an insane idea, and crazier yet that the Wall Street Journal printed it and distributed the article to paying customers!
Here is Mr. Schiff's final sentence, which deserves some serious consideration:| |
'As I wrote in my book Crash Proof, we must certainly be on the eve of our financial destruction, as we are clearly a nation gone completely mad.' |
(It really is crazy: there are more empty homes than homeless people, and something like 25% of the work-force is officially regarded as "discouraged", meaning that they are not counted in the unemployment statistics... and yet we as a nation do not produce enough goods to provide for our needs and must import hundreds of billions of dollars worth of stuff from other countries. What gigantic mismatches! What a waste of human resources... Is it really good public policy to have millions of people homeless, without jobs or healthcare while homes sit empty and work remains undone?
I think in the future we should stop talking about the process of selecting our leaders as "politics" and call it what it is: public policy. And if these "leaders" cannot function in their jobs then we need to find competent people to do their jobs (to steal from Norman Spinrad in Little Heroes, I hope the current herd of politicos learns to like the taste of kibble.)
|
Hazel Burke
|
|
|
Our front page is free from nudity and profanity, but interior pages and external links may not be safe for work, and you may be shocked, offended, or in trouble with your boss. A link doesn't imply that we agree with every sentence and every sentiment on every site we link to. We use our noggins, and suggest you use yours.
Anything sent to Unknown News may be published. If you don't want it published, say so plainly. Of course, we publish all incoming hate mail.
|
|
|
| |
We sell our own progressive bumper stickers:
pro-peace,
anti-Bush,
pro-freedom,
anti-Republican
stickers you won't
find anywhere else.
$3 each or two for $5
bumper stickers
|
|
| |
|
Unknown News is more fun and more informative with your participation, so please don't be shy. Consider yourself invited to speak your mind.
Because we respect peoples' privacy, we do not keep records of friends' and contributors' contact information. This means we can't forward private communications between readers and writers, but we always welcome dialogue for publication.
When we publish incoming emails, we usually edit out the sender's last name, email address, or anything else that would tend to uniquely identify the author (if we slip up, please let us know). But if your email is unambiguously intended only to annoy, insult, or threaten us, we'll publish all the details, and leave it on-line forever.
We're especially interested in hearing and considering different perspectives. All we ask is that you conduct yourself sanely and civilly. For the most productive dialogue, it helps if you'll cite a specific article or concept we've gotten wrong.
You can contact Helen & Harry at <newsuneed at yahoo.com>. If that address ever fails, our back-up email address is <unknownnews at inbox.com>.
But please, don't email us unless you're really and truly, honestly, actually trying to send the publishers of News a communication you're not sending to anyone or everyone else.
Please don't send attachments or other cr*p we don't want.
If you're trying to reach us but getting no reply, it's probably because you've sent us cr*p we don't want, so we're filtering your emails into the trash, unopened and unread.
If you'd like to have your email address unblocked, simply send a sincere apology (from an un-blocked email address).
YOU CAN HELP
| |
|
| |
The dialogue page is our "letters to the editor" section.
To participate, email your comments to newsuneed at yahoo.com.
|
|
|
BIG BROTHER BUSH
IS WATCHING YOU
|
|
|
| |
