Comments on: Isakson Closes In On Another Major Victory

By: ByteMe

ByteMe — Thu, 29 Oct 2009 12:01:50 +0000

There are a lot of folks who really don’t want facts to intrude on their reality. You need to look more toward simple answers that blame the government for everything. Economics in one lesson, indeed.

By: John Konop

John Konop — Thu, 29 Oct 2009 11:14:03 +0000

Sorry

…vote this comment off…

By: John Konop

John Konop — Thu, 29 Oct 2009 11:12:40 +0000

What I find bizarre is that you would vote this comment What part of this comment do you guys find offensive?

ByteMe

What they are trying to achieve is a large enough increase in real-estate so banks balance sheets are not disrupted when they take the 1 trillion out. Yet if it over heat ie inflation that is not good either and it seems like you get the dilemma.

I am less concerned about inflation now being we over supplied with everything, yet this hurts the job market. And that is why I think until we use up our over capacity the job market will be tough. Also China is filling any capacity issues with cheap products. A real catch 22!

Also even though interest rate are low down payments are high (equity to debt ratio) especially for business. And if the real-estate market goes down further the problem will get worse.
As I said a very tough balancing act.

By: benevolus

benevolus — Wed, 28 Oct 2009 21:34:27 +0000

I think I’ve just had an epiphany.
Tax credits for the consumer don’t have any effect on the consumer, they only serve to increase profits for the producer.

That explains a lot.

By: seenbetrdayz

seenbetrdayz — Wed, 28 Oct 2009 20:45:36 +0000

I botched that strike-through.

“. . . until the fat lady ~~sings~~ pays her last mortgage payment . . .”

By: Daniel N. Adams

Daniel N. Adams — Wed, 28 Oct 2009 20:45:09 +0000

And 3-Jack (the “s”) get (goes here) a trifecta,

I couldn’t agree more.
(I blame lexdysia )

By: Daniel N. Adams

Daniel N. Adams — Wed, 28 Oct 2009 20:40:49 +0000

And 3-Jacks get a trifecta,

I couldn’t agree more.

By: seenbetrdayz

seenbetrdayz — Wed, 28 Oct 2009 20:35:17 +0000

Those houses haven’t been “sold” until the fat lady pays ~~sings~~ pays her last mortgage bill.

Let’s think: Why are we seeing foreclosures?

Could it be because the bank still owns them until the loans are paid off? Could it be because borrowers woefully not capable of repaying loans were swiftly approved for sweeter-than-reality deals by the banks? Are we going to keep ignoring that?

Yes to all, I suppose. A few years from now you’ll see these same people, lured into buying a home by Isakson’s “victorious” tax credit scheme, looking for another place to live.

By: Joshua Morris

Joshua Morris — Wed, 28 Oct 2009 20:23:30 +0000

Excellent statement, 3J. I couldn’t have said it better myself.

By: seenbetrdayz

seenbetrdayz — Wed, 28 Oct 2009 20:21:47 +0000

John, I don’t like it at all. But the arrogance of dragging everyone further into the abyss when we’re standing here shouting at the top of our lungs to STOP PUTTING US ON ANY MORE HOOKS is the exact reason why a growing number of people are getting fed up with D.C.

I’m not crying over spilled milk, I’m asking (more like demanding) the central economic planners to stop spilling more.

By: seenbetrdayz

seenbetrdayz — Wed, 28 Oct 2009 20:15:43 +0000

Daniel, you can’t think for yourself either. It’s against the rules, because there’s no wayIcarus can know that you know anything unless he thinks you know what someone else knows.

By: John Konop

John Konop — Wed, 28 Oct 2009 20:06:37 +0000

Bill

I am lost what is your point? What you posted is flat out wrong! You claim the tax credit would create an over supply of new homes. And the tax credit help pre-existing home sellers and old inventory of new homes. Please help me understand how your opinion article was even close to being right?

You posted

….. Perhaps the worst impact of the policy is that it encourages the continued building of homes, only adding to the over-supply….

The result of the tax credit! Not an opinion but real DATA!

….Existing Home Sales Pop on Rush to Beat Tax Credit Deadline…..

Backlog of Unsold New Homes Dwindling: 5 Things to Know

http://www.usnews.com/money/blogs/the-home-front/2009/9/25/backlog-of-unsold-new-homes-dwindling-5-things-to-know.html

By: Fawkes

Fawkes — Wed, 28 Oct 2009 19:50:21 +0000

Bill, it’s best to debate points without acting like a complete jackass. Emotions and snide remarks are things of politicians. Correct me if I’m wrong, but the Tea Party movement and a vast majority of Americans hate politicians right now.

By: Bill Greene

Bill Greene — Wed, 28 Oct 2009 19:29:46 +0000

No John, I don’t get that. I read your cut and paste, AND your link, and it did nothing to refute what I had posted — which you obviously did NOT read. So I guess Charlie is right, at least about you.

By: Bill Greene

Bill Greene — Wed, 28 Oct 2009 19:27:43 +0000

Amen.

Oh wait, I think I quoted biblegateway.com on that one. Oops.

By: Part-Time Atlanta

Part-Time Atlanta — Wed, 28 Oct 2009 19:10:39 +0000

They will.

By: John Konop

John Konop — Wed, 28 Oct 2009 18:55:09 +0000

Bill

Do you get you are using an opinion about what happen with tax credits via homes and I actually posted data showing the opinion was wrong?

By: Three Jack

Three Jack — Wed, 28 Oct 2009 18:52:47 +0000

isakson (and konop for that matter) let issues dicatate their principles instead of principle being the basis for important decisions about issues.

By: Bill Greene

Bill Greene — Wed, 28 Oct 2009 18:51:36 +0000

Yeah, me too! Me too!

By: John Konop

John Konop — Wed, 28 Oct 2009 18:50:39 +0000

Icarus

Just trying to bring FACTS not what I feel!