Comments on: RINO Johnny Isakson’s (R-GA) push to spend 16.7 billion dollars to generate more housing market inefficiencies http://www.redstate.com/peterandall/2009/10/28/rino-johnny-isaksons-r-ga-push-to-spend-167-billion-dollars-to-generate-more-housing-market-inefficiencies/ Just another RedState: Conservative News and Community weblog Thu, 21 Oct 2010 00:57:49 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: mbecker908 http://www.redstate.com/peterandall/2009/10/28/rino-johnny-isaksons-r-ga-push-to-spend-167-billion-dollars-to-generate-more-housing-market-inefficiencies/#comment-74 mbecker908 Fri, 30 Oct 2009 00:44:40 +0000 http://www.redstate.com/peterandall/?p=126#comment-74 This crap will take a problem with the housing market that should, with no government intervention, cause a major disruption in the market for about 18 months and stretch it out for about ten years. Prices are going to bottom. It's only a question of when and the bottom isn't going to change by throwing $17B of your money into the pot. That's like throwing a thimble full of salt into the ocean and expecting the saline level to up. This is not a stimulus. It's just pissing away money. This crap will take a problem with the housing market that should, with no government intervention, cause a major disruption in the market for about 18 months and stretch it out for about ten years.

Prices are going to bottom. It’s only a question of when and the bottom isn’t going to change by throwing $17B of your money into the pot. That’s like throwing a thimble full of salt into the ocean and expecting the saline level to up. This is not a stimulus. It’s just pissing away money.

]]> By: Mike gamecock DeVine http://www.redstate.com/peterandall/2009/10/28/rino-johnny-isaksons-r-ga-push-to-spend-167-billion-dollars-to-generate-more-housing-market-inefficiencies/#comment-73 Mike gamecock DeVine Thu, 29 Oct 2009 15:38:14 +0000 http://www.redstate.com/peterandall/?p=126#comment-73 tax cut, and so actually stimulative, on the supply side! I certainly do favor a general supply side policy to get the economy going, but we aren't going to get that from ObamaDems and we need some economic boost even if it could have consequences down the road. I am hoping that down the road, the GOP returns to power. Given all the giveaways to fat cats, we need some stimulus on the ground and this is after all a tax cut that could produce jobs for now. I recognize the limitations. I also underatand that the only way to get back to long term stability is for the housing prices to reach bottom. But this program need not be as bad or worse than the past 10 years so long as Fannie and Freddie don't insist upon selling to the non credit worthy and guarantee MBS's again. If they are doing that, then I am with you in opposing same. tax cut, and so actually stimulative, on the supply side!

I certainly do favor a general supply side policy to get the economy going, but we aren’t going to get that from ObamaDems and we need some economic boost even if it could have consequences down the road. I am hoping that down the road, the GOP returns to power.

Given all the giveaways to fat cats, we need some stimulus on the ground and this is after all a tax cut that could produce jobs for now. I recognize the limitations.

I also underatand that the only way to get back to long term stability is for the housing prices to reach bottom.

But this program need not be as bad or worse than the past 10 years so long as Fannie and Freddie don’t insist upon selling to the non credit worthy and guarantee MBS’s again. If they are doing that, then I am with you in opposing same.

]]> By: mbecker908 http://www.redstate.com/peterandall/2009/10/28/rino-johnny-isaksons-r-ga-push-to-spend-167-billion-dollars-to-generate-more-housing-market-inefficiencies/#comment-72 mbecker908 Thu, 29 Oct 2009 02:53:18 +0000 http://www.redstate.com/peterandall/?p=126#comment-72 In today's market it's worse. It is the mirror image of cash-for-clunkers. It will just raise the price of a house by $8K. What it won't change is the value of that house. Which is at least $8K less than the inflated purchase price. It will not help "keep the industry afloat", what it will do is inflate real estate commissions and raise the price of homes that are effectively 100% financed. Think of it as the next wave of foreclosures. In today’s market it’s worse. It is the mirror image of cash-for-clunkers. It will just raise the price of a house by $8K. What it won’t change is the value of that house. Which is at least $8K less than the inflated purchase price.

It will not help “keep the industry afloat”, what it will do is inflate real estate commissions and raise the price of homes that are effectively 100% financed. Think of it as the next wave of foreclosures.

]]> By: mbecker908 http://www.redstate.com/peterandall/2009/10/28/rino-johnny-isaksons-r-ga-push-to-spend-167-billion-dollars-to-generate-more-housing-market-inefficiencies/#comment-71 mbecker908 Thu, 29 Oct 2009 02:48:04 +0000 http://www.redstate.com/peterandall/?p=126#comment-71 And, based on BOTH of your comments in your just over one day, you're probably a troll too. If you think for a second that "a more active judiciary" and "principle reductions" are going to stem the downward spiral of housing prices you're dumb as a rock as well as being an ignorant fool. I have no use for Isakson, and I have no way to judge your comment about his compassion. On the other hand, in four short paragraphs you've given us all we need to know about your mental facilities - or lack thereof. And, based on BOTH of your comments in your just over one day, you’re probably a troll too.

If you think for a second that “a more active judiciary” and “principle reductions” are going to stem the downward spiral of housing prices you’re dumb as a rock as well as being an ignorant fool.

I have no use for Isakson, and I have no way to judge your comment about his compassion. On the other hand, in four short paragraphs you’ve given us all we need to know about your mental facilities – or lack thereof.

]]> By: Richard Mullins http://www.redstate.com/peterandall/2009/10/28/rino-johnny-isaksons-r-ga-push-to-spend-167-billion-dollars-to-generate-more-housing-market-inefficiencies/#comment-70 Richard Mullins Thu, 29 Oct 2009 02:44:45 +0000 http://www.redstate.com/peterandall/?p=126#comment-70 and so being aren't quite the most trustworthy candidates. Really, them and Used sales salesmen are close in line for lack of trust. I still never understand why we vote them. I'd rather have honest business people and moderate good people from the government sector rather than the slick characters like Real Estate agents. No offense to Real Estate Agents. and so being aren’t quite the most trustworthy candidates. Really, them and Used sales salesmen are close in line for lack of trust. I still never understand why we vote them. I’d rather have honest business people and moderate good people from the government sector rather than the slick characters like Real Estate agents.

No offense to Real Estate Agents.

]]> By: Achance http://www.redstate.com/peterandall/2009/10/28/rino-johnny-isaksons-r-ga-push-to-spend-167-billion-dollars-to-generate-more-housing-market-inefficiencies/#comment-69 Achance Thu, 29 Oct 2009 02:29:06 +0000 http://www.redstate.com/peterandall/?p=126#comment-69 for all to comment on, I want to hear a conservative argument for "... a more active judiciary presiding over principle reductions ..." Just sayin' for all to comment on, I want to hear a conservative argument for “… a more active judiciary presiding over principle reductions …” Just sayin’

]]> By: Achance http://www.redstate.com/peterandall/2009/10/28/rino-johnny-isaksons-r-ga-push-to-spend-167-billion-dollars-to-generate-more-housing-market-inefficiencies/#comment-68 Achance Thu, 29 Oct 2009 02:26:29 +0000 http://www.redstate.com/peterandall/?p=126#comment-68 to elect and appoint real estate agents. Some of the very awfullest people I've ever worked for and with in government had a background real estate or mortgage banking - or both. That hail-fellow-well-met crap that got you elected realtor of the year or Chamber Citizen of the Year or President of the Rotary doesn't give you one single skill that is useful in running a government and it gives you a lot of proclivities that are really good for running a Republican administration right into the ground. to elect and appoint real estate agents. Some of the very awfullest people I’ve ever worked for and with in government had a background real estate or mortgage banking – or both. That hail-fellow-well-met crap that got you elected realtor of the year or Chamber Citizen of the Year or President of the Rotary doesn’t give you one single skill that is useful in running a government and it gives you a lot of proclivities that are really good for running a Republican administration right into the ground.

]]> By: AHALgal http://www.redstate.com/peterandall/2009/10/28/rino-johnny-isaksons-r-ga-push-to-spend-167-billion-dollars-to-generate-more-housing-market-inefficiencies/#comment-67 AHALgal Thu, 29 Oct 2009 01:54:04 +0000 http://www.redstate.com/peterandall/?p=126#comment-67 We need to get him out of DC in 2010. We need a candidate! Somebody get us a candidate! ;) We need to get him out of DC in 2010.

We need a candidate! Somebody get us a candidate! ;)

]]> By: AHALgal http://www.redstate.com/peterandall/2009/10/28/rino-johnny-isaksons-r-ga-push-to-spend-167-billion-dollars-to-generate-more-housing-market-inefficiencies/#comment-66 AHALgal Thu, 29 Oct 2009 01:52:52 +0000 http://www.redstate.com/peterandall/?p=126#comment-66 By: AHALgal http://www.redstate.com/peterandall/2009/10/28/rino-johnny-isaksons-r-ga-push-to-spend-167-billion-dollars-to-generate-more-housing-market-inefficiencies/#comment-65 AHALgal Thu, 29 Oct 2009 01:52:19 +0000 http://www.redstate.com/peterandall/?p=126#comment-65 NOW is the time to do this! If we wait, we're stuck with Frat Boy Johnny another 6 years. NOW is the time to do this!

If we wait, we’re stuck with Frat Boy Johnny another 6 years.

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