I've said this before, and I'll say it again, even if you get a majority conservative congress,(unlikely) you still have to contend with the menace in the white house, at best all that is gonna happen is the brakes are gonna get tapped a little bit as the 20 ton truck full of dynamite continues to roll downhill toward the hairpin turns.


Billy

Quote from: Shooterman on October 30, 2010, 07:49:56 AM
I have no problem with that, but keep in mind, you are then starting from Square One. Either way the process will be along drawn out affair, and I'm not sure ( with the gimme, gimme, gimme attitude ) the public will even go for it. Not in a two to four year time frame. This crap has been building for 160 years, ( or longer ) and it ain't gonna change overnight.

It will not change.  It will simply collapse, sooner or later.  The sooner the better.  Better an end with terror than terror without end.  We are like a terminal cancer patient, hurriedly spending his children's inheritance for a cure that can never be rather than accepting death, dying peacefully and leaving his children something.  We have become an anti-culture addicted to immediate self-gratification, narcissistic desires and bread and circuses.  We have the government which we deserve and deep down for most of us the government which we want, namely the one which tells us that the ride will never end if we will simply have faith in the government and spend, spend, spend - which actually means devalue, devalue, devalue.  It has simply got to end and let the devil take the hindmost!

The Republicans will most assuredly take the House, my SWAG +62, and will pick up 6-8 in the Senate.

This leaves a divided Imperial Government and if the MSM is to be believed it is now a race to see who has the best "spin machine" when there is another "shutdown."

Further, I agree with Berrgeist that the collapse of the Imperial Government is nigh.

I believe the Keynesian system is soon to be exposed as the little man behind the curtain backed by Imperial black suited Hessians with automatic weapons and a printing press.

Housing prices have a minimum of another 30% to fall and there are now those who predict that before this is over, housing prices will fall all the way to 1890.

This will lead to more UE.

More Bankruptcies.

More divorces.

Less tax revenue

More borrowing.

And eventually the Bond Market will demand ever higher rates of return for the "risk" which will lead to the final collapse.

Billy, we can do a he'll of a lot more than tap the breaks. All spending legislation starts in the house. We can bring about full blown gridlock and defund specific parts of the Obama agenda that will cripple the laws on the books such as not authorizing the funds for the 15,000 new IRS agents needed to enforce the coverage requirements on Obamacare.

Berg, you always come up with forecasts that are little more than apocalyptic fantasies. No offense but maybe that's what you want to see. It's a possibility. I believe a remote possibility. But for you to speak with such utter certainty in absence of conclusive facts seems to indicate a bit of wishful thinking.

The key fact you guys are all missing is the record amount of capital on the sidelines right now. Forget the Keynsian bullshit of the left. Those guys are nitwits. They are cake eaters. But if we can get the investor class sensing the regulatory and tax environment will be a little less unstable and a little leas hostile then we can get the private sector creating more jobs again. Yes the housing market us screwed and has more room to drop, but the hits will be uneven. Dallas or Kansas City will not drop another 30%. Cleveland and Pheonix and Las Vegas very well may do much, much worse. But the housing market isn't going to hurt the economy much more at this point unless it destabilizes more banks. New housing starts have been in the toilet for a while and it has done very little to contribute to the economy for a couple years now. You can't really get leas than zero.