Archive for November 3rd, 2008

Presidential Election

Here at HousingDoom, we generally try to stay fairly apolitical – we point out stupidity regardless of which side of the aisle it may be on.  We also try to avoid endorsing specific candidates. This election will affect a number of things over the next 4 years; it is vital that people understand their candidate, and what they are voting for.  It is in the spirit of disclosure that I post this video. On July 2nd, 2008, Obama made a speech in Colorado Springs.  There were a number of things said which are deeply concerning.  Of further concern, the officially released…
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NY Post's Teri Buhl: NAR's Doublespeak on Support for Congressman Shays

  • Published: November 3rd, 2008
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"A heated debate played out in the media last week when I published a story in the New York Post on Shays’ support of a bill that would bring back no-money-down loans on government-backed mortgages." – Teri Buhl Think of this post as an extended sidebar entry.  Implode-O-Meter cordially invites Doomers to read this important story about some of the recent contortions in the Down Payment Assistance (DPA) saga.

Mike Folkerth: Outstanding Idiot Murdoch's Golden Age "Just Around the Corner"

  • Published: November 3rd, 2008
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"In short, Keith Rupert Murdoch believes that infinite exponential growth of commerce, population, mineral extraction, energy production, and agricultural products have no barriers whatsoever …" I thought that Doom friend Mike Folkerth’s description recalled the fevered imagination of Ray Kurzweil. What do Doomers think? (thanks Mike for the permission to re-post )   Outstanding Idiot of the Year Award by Mike Folkerth Good Monday Morning Middle America, your King of Simple News is on the air. So tomorrow is the big day when we will finally, after a very long anticipated wait, celebrate the end of political campaign commercials. I…
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US Government Squirming over Agency Debt Guarantee

Hank Paulson desperately needs enthusiastic buyers for GSE Agency Debt, especially among the foreign central banks that have been dumping the stuff consistently since early July.  However, there are hard limits to how firm a guarantee he and his friends are willing to give on this debt.  If the daylight between agencies and his own Treasury Debt starts to disappear it could depress the price of America’s own sovereign debt, even threaten the US dollar’s world reserve currency status. Thus, it is important to carefully parse the text of this hopefully headlined Reuters story.[1] The U.S. government could explicitly back…
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Crack of Doom: Peaceful Americans Voting for Change

UPDATE: Before we start, have a look at this extraordinary story [1] and even more extraordinary image from today’s business section of the Toronto Globe & Mail; I tried a little experiment yesterday.  Visited Google News – Elections and performed some searches on the front page (about 60 election headlines and 40 key sentences of text).  Iraq? nil.  Afghanistan? zilch. War? 5 hits — toward, toward, warn, unaware, aware.  Well, one of them was right

As Promised, Here's The Bailout Gang Again

Tomorrow’s the election.  Americans, GET OUT AND VOTE! Here’s the Senators that voted "NO": – Waye Allard (R-Colo.) – John Barrasso (R-Wyo.) – Sam Brownback (R-Kan.) – Jim Bunning (R-Ky.) – Maria Cantwell (D-Wash.) – Thad Cochran (R-Miss.) – Mike Crapo (R-Idaho) – Jim DeMint (R-S.C.) – Elizabeth Dole (R-N.C.) – Byron Dorgan (D-N.D.) – Michael Enzi (R-Wyo.) – Russ Feingold (D-Wisc.) – James Inhofe (R-Okla.) – Tim Johnson (D-S.D.) – Mary Landrieu (D-La.) – Bill Nelson (D-Fla.) – Pat Roberts (R-Kan.) – Bernie Sanders (I-Vt.) – Jeff Sessions (R-Ala.) – Richard Shelby (R-Ala.) – Debbie Stabenow (D-Mich.) – John…
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