Powered by Bravenet Bravenet Blog

Subscribe to Journal

Monday, August 23rd 2010

9:42 AM

More on Unintended Consequences of Tea Party Policy


Bookmark and Share

I wrote here about my concerns with Tea Party views of the GSE's, Fannie and Freddie. This continues the discussion. Now, as you can see, I don't claim to have an answer about the GSE's, Fannie and Freddie. But the real question comes down the government guarantees of loans. We know that if government guarantees loans, the free market is skewed. In other words, we know that prices are pushed up by easy money. Only if money is tight can this guarantee even approach a free market system. 

However, if we do away with the guarantees we may do away with the 30 year mortgage as the investors may refuse to invest in these mortgages. That could really cause problems with the economy. I am not saying it is good or bad, but you have to pay cash to buy a home in Argentina. We may as well as default on our debt if we see the 30 year go away. 

Again, I don't claim to have an answer, just the questions. The Tea Party doesn't even ask the questions. They are like a bull in a china shop in their thinking. But the bigger issue is whether we do what the IMF wants, and cut massively and raise vat taxes, or if we cut slowly and try to deflate more slowly. The Tea Party apparently wants massive deflation, right away. I don't think that this would be great, although I understand fully that the US is not competitive in the world. I am not saying that I have the answers, but I know that the IMF style cuts will transfer more wealth to the top. Whether the Tea Party is bogus or sincere makes no difference really, as Wall Street will gain at the expense of mainstreet if programs for the poor and middle classes are drastically cut. This is why I warned Bill of this issue on the Hennessy blog:

Oh yes, and one more issue I have with you:

10 percent of the people control 93 percent of the wealth. A country cannot continue to have the top people controlling more and more of the wealth or it won’t work properly. So, how do you propose to change that ratio and why can’t we keep certain social programs in place to also facilitate some movement of money from these people who get perks from government, scam people with bad loans, etc. to people who need some benefits just to get by?

I believe your move towards self reliance is a bogus attempt to enrich Wall Street. And you know that is exactly what will happen if you continue down this path.


Archive Link




30 total comments.

Posted by Andra:

Definitely consider that which you said. Your favorite justification appeared
to be at the internet the simplest factor to have in mind
of. I say to you, I certainly get irked at the same
time as folks consider issues that they just do not recognize about.

You controlled to hit the nail upon the top and also outlined
out the entire thing with no need side-effects ,
people can take a signal. Will likely be back to get more.

Thank you

my homepage: Buy Flucoxin online
Thursday, May 6th 2021 @ 9:46 PM

Posted by Sexy Women Sex:

Niice weblog right here! Also your site loads up fast!
What webb host are you the use of? Can I get your associate hyperlink in your host?
I want my web site loaded up aas fast as yours lol
https://sveti-matej.info/
Sexy Women Sex https://sveti-matej.info/
Friday, April 23rd 2021 @ 1:51 PM

Posted by western union receive money form pdf:

You really make it seem sso easy with your presentation but I find this topic to be actually something which I think I woukd never
understand. It seems too complex and extremely broad for me.
I'm looking forward forr your next post, I'll try to get the hang of it!

https://service.rifugiofiori.it/western-union-receive-money-form-pdf.pdf
western union receijve money form pdf https://repair.accademia-anea.it/atv12hu15m2-manual-pdf.pdf
Thursday, April 15th 2021 @ 10:52 PM

Posted by Layout manager in java pdf:

This website was... howw do I say it? Relevant!! Finally I've
found something which helped me. Many thanks!
http://campmocomi.com/layout-manager-in-java-pdf.pdf
Layout manager in java pdf https://maskupindy.com/unix-interview-questions-and-answers-for-freshers-pdf-free-download.pdf
Thursday, April 1st 2021 @ 11:01 PM

Posted by Official document sample:

Everything is very open with a precise description of the issues.
It waas truly informative. Your site iis very useful. Thannk
you for sharing!
https://silverscaleslurefishing.co.uk/official-document-sample.pdf
Official document sample
Convert notepad too pdf format https://silverscaleslurefishing.co.uk/official-document-sample.pdf
Monday, March 29th 2021 @ 9:55 PM

Posted by Credit control management pdf:

Yesterday, whiole I was at work, my sister stole my iPad and tested to see if it can survive a forty foot drop, just
sso she ccan be a youtube sensation. My apple pad is now broken and she has
83 views. I know this is totally off topic but I had to share
it with someone!
https://realestatesavvy.net/credit-control-management-pdf.pdf
Credit control management pdf
Theory of point estimation solution manual pdf https://easywayit.com/ricoh-aficio-1045-service-manual-pdf.pdf
Sunday, March 28th 2021 @ 6:04 PM

Posted by shriya:

It is a respectable site post obviously. Not astoundingly different individuals would genuinely, the way where you just did. I'm dumbfounded that there is a particularly incredible technique of data about this subject that has been revealed and you've vanquished yourself this time, with an especially immense store of epic worth. Acts of kindness Bangalore Escorts
Bangalore Escort
Escorts in Bangalore
Bangalore Escorts Service
Escorts Service in Bangalore
Escorts Bangalore
Friday, March 26th 2021 @ 3:06 AM

Posted by shriya:

[link:http://www.google.com]your link text[/link]
[link="http://www.google.com"]google[/link]
[url=http://www.google.com]google[/url]
google
[google][http://www.google.com|google ]
[http://www.google.com google ]
[a=http://www.google.com] google[/a]
[google|http://www.google.com]
"google":www.google.com
Friday, March 26th 2021 @ 3:05 AM

Posted by Shirley setia:

Wow! Such an amazing and helpful post this is. I really really love it. It's so good and so awesome. I am just amazed. I hope that you continue to do your work like this in the future also Bar Dancer Escorts in Jaipur
Beautiful Jaipur Escorts
Big Tits Call Girls in Jaipur
High Class Escorts Service in Jaipur
Highly Educated Jaipur Call Girls
Wednesday, March 17th 2021 @ 3:19 AM

Posted by Shirley setia:

I’m going to read this. I’ll be sure to come back. thanks for sharing. and also This article gives the light in which we can observe reality. this is a very nice one and gives in-depth information. International Escorts in Jaipur
NRI Jaipur Escorts
Striptease Call Girls in Jaipur
Adult Jaipur Call Girls
Passionate Jaipur Escorts Service
Wednesday, March 17th 2021 @ 3:17 AM

Posted by Shirley setia:

I am always searching online for articles that can help me. There is obviously a lot to know about this. I think you made some good points in Features also.Asian Jaipur Escorts
College Escorts in Jaipur
Virgin Call Girls in Jaipur
Athlete Jaipur Call Girls
Newly Married Escorts Service in Jaipur
Wednesday, March 17th 2021 @ 3:17 AM

Posted by Shirley setia:

An attention-grabbing dialogue is a valuable comment. I’m sure that it's better to write on this topic, towards the often be a taboo topic but typically persons are not sufficient to speak on such topics.Independent Jaipur Escorts
Hot Russian Escorts in Jaipur
Airhostess Call Girls in Jaipur
Jaipur Model Call Girls
Classy Jaipur Escorts Service
Wednesday, March 17th 2021 @ 3:16 AM

Posted by hi-teche.com:

I dont think Ive read anything like this before. So good to find somebody with some original thoughts on this subject. thank for starting this up
Thursday, March 11th 2021 @ 10:21 PM

Posted by shriya:

I like your post and all you share with us is shocking and educational, Bangalore Escort I may have to bookmark the page so I can come here again to get you, as you have gotten.
Friday, March 5th 2021 @ 2:15 AM

Posted by shriya:

This Post is giving essential and momentous data, Escort in Bangalore I understand that you take the time and exertion to make an astonishing article.
Friday, March 5th 2021 @ 2:14 AM

Posted by shriya:

Posted by shriya:

You are actually a capable individual I have at whatever point seen. I'm content with the method of your post.
You are actually a capable individual I have at whatever point seen. I'm content with the method of your post.
You are actually a capable individual I have at whatever point seen. I'm content with the method of your post.
Escorts‌ ‌in‌ ‌Bangalore‌ ‌
Bangalore‌ ‌Call‌ ‌Girls‌ ‌
Bangalore‌ ‌Escorts‌ ‌Agency‌ ‌
Call‌ ‌Girls‌ ‌in‌ ‌Bangalore‌ ‌
Friday, March 5th 2021 @ 2:10 AM

Posted by parul sharma:

Our escort agency has amazing qualities in their girls which makes them their best so as to satisfy every customer.
Escorts Service in Goa
Delhi Escort
Delhi Escorts
Delhi Escorts Service
Escorts in Delhi
Thursday, March 4th 2021 @ 12:11 AM

Posted by boxnovel:

Great post! I hope you continue to do your work like this in the future, for more engaging posts!
Wednesday, March 3rd 2021 @ 7:11 PM

Posted by Shirley setia:

If you set out to make me think today; job done the right way! I genuinely like your forming style and how you express your considerations. Much gratitude to you

Jaipur Escorts Service
Escorts in Jaipur
Sunday, February 28th 2021 @ 11:38 PM

Posted by Shirley setia:

I expected to thank you for this awesome read!! I irrefutably valued every single piece of it. I have you bookmarked your site to take a gander at the new stuff you post.

Call Girls in Jaipur
Jaipur Escorts
Jaipur Escorts Service
Sunday, February 28th 2021 @ 11:37 PM

Posted by Shirley setia:

I found this is a helpful and interesting post, so I suspect as much it is advantageous and educated. I should thank you for the undertakings you have made recorded as a printed version of this article Call Girls Ajmer
Jaipur Escorts
Jaipur Escorts Service
Sunday, February 28th 2021 @ 11:36 PM

Posted by kraken kratom review:

Hey I know thhis is off topic but I wass wondering if you knew of any widgets I
could add to my blog that automatically tweet my
newest titter updates. I've been lookng for a plug-in like this ffor quite some time and was hoping maybe you
would have some experience wityh something like this.
Pleae let me know if you run into anything. I truly enjoy reading your
blog and I look forward to youhr neew updates.
kraken kratom review
kraken kratom review https://cbdwwwkratom.com
Saturday, February 20th 2021 @ 9:09 AM

Posted by kraken kratom review:

Hey I know this is off topic but I wwas wondering
if you knew of any widgets I could add to my blog that automatically tweet myy newest twitter updates.
I've been looking for a plug-in like this for qute some time and
was hoping maybe you would have some experience with something like this.
Please let me know if yoou run into anything. I truly enjoy reading your
blog and I look forard to your new updates.
kraken kratom review
kraken kratom review https://bestwwwkratom.com
Saturday, February 20th 2021 @ 9:09 AM

Posted by shirleysetia:

t is nice to start something like this with such quality information. Hoping for a great start in my career.

Sexting with Mumbai Call Girls
Bangkok Massage By Call Girl Mumbai
Cheap Rate Call Girls In Mumbai
Independent Bangkok Massage By Call Girl Mumbai
Casual sex service with Mumbai Escort
Wednesday, February 3rd 2021 @ 9:07 PM

Posted by choudhary:

Posted by choudhary:

Posted by choudhary:

https://www.escortgurugram.com/
https://www.escortgurugram.com/about-us/
https://www.escortgurugram.com/call-girls-rates/
https://www.escortgurugram.com/top-rated-call-girl-service-in-gurgaon/
https://www.escortgurugram.com/local-call-girls-in-gurgaon/
https://www.escortgurugram.com/gurgaon-escorts-service/
https://www.escortgurugram.com/call-girl-in-gurgaon/
https://www.escortgurugram.com/escorts-in-gurgaon-2/
https://www.escortgurugram.com/call-girls-in-gurgaon/
https://www.escortgurugram.com/escorts-service-in-gurgaon/
https://www.escortgurugram.com/russian-escorts-in-gurgaon/
https://www.escortgurugram.com/call-girls-in-faridabad/
https://www.escortgurugram.com/independent-escorts-in-gurgaon/
https://www.escortgurugram.com/college-girls-escorts-in-gurgaon/
https://www.escortgurugram.com/housewife-escorts-in-gurgaon/
https://www.escortgurugram.com/call-girls-in-gurgaon-contact-number/
https://www.escortgurugram.com/call-girls-in-gurgaon-3/
https://www.escortgurugram.com/independent-call-girls-in-gurgaon/
https://www.escortgurugram.com/privacy-policy/
https://www.escortgurugram.com/category/uncategorized/
https://bit.ly/39BH98m
https://bit.ly/38MtWKv
https://bit.ly/3qrbPQA
https://bit.ly/38N4CnD
https://bit.ly/3qrbRYI
https://bit.ly/3ieg8vD
https://bit.ly/35LIQPg
https://bit.ly/39BH98m
https://bit.ly/38MtWKv
https://bit.ly/3ie9nd8
https://bit.ly/3oPpNLJ
https://bit.ly/38O7YqE
https://bit.ly/2XJjb5k
https://bit.ly/2XJjb5k
https:site-3694400-3429-9994.mystrikingly.com
https://is.gd/gTqi5f
https://is.gd/WojDfp
https://is.gd/8bI8qG
https://is.gd/hztbK3
https://is.gd/8jmawA
https://is.gd/5FDEVy
https://is.gd/TX6oxO
https://is.gd/6A1OPJ
https://is.gd/tE7pNH
https://is.gd/N92Nor
https://is.gd/dxOdsC
https://is.gd/TX6oxO
https://is.gd/8jmawA
https://is.gd/8bI8qG
https://is.gd/6A1OPJ
https://is.gd/tE7pNH
https://is.gd/N92Nor
https://is.gd/WojDfp
https://is.gd/5FDEVy
https://is.gd/iaQpml
https://is.gd/ReyXF3
http://bit
Sunday, January 31st 2021 @ 4:01 AM

Posted by charvidutta:

Posted by charvidutta:

That was a genuinely astonishing and mainstream post that you have shared here, a commitment of appreciation is all together for sharing this.
Call Girls Service in Jaipur
Model Call Girls Service in Jaipur
Russian Call Girls Service in Jaipur
Escorts Girls Service in Jaipur
Independent Model Escorts Service in Jaipur
Friday, January 29th 2021 @ 11:28 PM

Post New Comment

No Smilies More Smilies »