Sweetie, You Are Such A Moron

By
Real Estate Broker with Daytona Condo Realty, 386-405-4408

Natasha is a Russian Jew, who, like me, came to the United States in 1991. She recently retired. She is very concerned with what is happening in this country, and she measures everything against the Soviet Union. She feels that we are going in that direction, and it is bothering her immensely, that Americans around her do not feel the same way. (count me in the same category, as I have the same background)

She understands that Americans are fed the same media stuff for decades, and do not even know how different the world became in the last decade. That they do not understand that America in the eyes of the third world and second world became a weak and despised country.

She is very worried.

Her friends from Mid West are visiting her. They brought their daughter with them. Julia was only 9 when they emigrated from the Soviet Union, but she speaks fluent Russian.

At the table they turn to politics. Older generation is scared with our current President. Julia, however, is a staunch Obama supporter. The argument goes on and on, but the sides do not come any closer.

Frustrated Natasha is surprised how Julia defends socialism after knowing her parents' experiences.

Julia smiles.

- The fact that socialism did not work in one country does not mean that it can't work in another.

Natasha shakes her head. She turns to Julia «Sweetie, you are such a moron».

This «moron» is Professor of Economics, she teaches at one of Mid Western Universities.

I do not know about Julia, but we, collectively, who allowed this to happen in this country, are morons.

I am from the Soviet Union. The new number of lost population (we get new number with every change of the President) under Stalin is 53 Million. 9 million were soldiers in the WWII, many were civilians in the war, and the biggest chunk by far are those died in Gulag, so that Socialism could prosper.

My only nightmares are when I am back in time, and I am there....and I wake up sweating...

Such a nice system, unless you wake up and it is where you are...

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Ambassador
1,305,385
Jon Zolsky
Selling Daytona paradise for heavenly good prices
Daytona Condo Realty, 386-405-4408

Karl - we still have short sales, and a lot of those. So, let's assume that we did not have a single one. The banks would have to foreclose, the properties would go back to the market.

What is the idea of throwing billions and billions into sustaining the short sales and loan modification? Just give work to thousands of processors?

That's it?

What is the economic impact? Still sluggish housing market? What would have taken very few years to finish the cycle of foreclosures, is prolonged and prolonged. And the craziness increases with incentives.

What freaking capitalism this is? What sense it makes?

Social aspect. They say they are helping homeowners. Why? Is it about roof over the head? No, and it has never been. It is about keeping a second vacation home with 3,000 sf of living bought with the speculative purpose... That's what I see here all the time.

I overstretched myself, lost money when the development in which I invested, was foreclosed upon, so we short sold our condo and moved to rentals. Why they allowed the short sale? What would have happen if they simply foreclosed on the condo and sell it to someone else?

Did they teach me a valuable lesson? That when I am signing the mortgage and note, it means nothing. When the tough times come, I will scream and beg and there will be a moron, or many morons who would start trying to build political capital on finding (and funding) my bailout?

As for "where EVERYONE has a chance to make the most of thier lives for themselves and thier family", you are talking to the chance. Obama is not about giving a chances, Obama is about creating a system that would give not a fishing rod so that they can fish and feed their family, but to ration giving them fish, so that they guarantee any political vote. The government would catch fish and give it. And it will take my dollar to catch the fish, this is called redistribution, and not a chance.

The idea of correcting the capitalism is not new. It never really worked. Nobody is talking about Wild West here. In this sense you have less freedom here than in many oppressed countries with all the regulation. The problem is that this desire to control is like cancer, and it will not stop by itself. There is no such thing for the government as understanding the boundaries.

It is a war, and with every restriction they impose, it is a plateau to work on the next one. you do not see it simply because it is not happening at once. It is one thing after another, and first we stunned, and then we get used to the fought, and get tired of opposing, and take the position that it is a small thing to be so adamant about it, and this is how we lose.

More control over capitalism means less capitalism. What is goo about it? You want to give everybody a chance? then this country is the best in the world. It GIVES everybody a chance. the problem that the only chance so many want are the handouts, and there departments and departments that are diligently working on handouts. And the only direction is more handouts. And Obama is all about handouts, not about the chance.

Why are we fooling ourselves?

P.S. I am sorry for all the typos. The only consolation that you are making them, too :)

 

September 21, 2012 06:27 AM
Ambassador
1,305,385
Jon Zolsky
Selling Daytona paradise for heavenly good prices
Daytona Condo Realty, 386-405-4408

Dale - Karl is one of many great guys, thinking, not indifferent... The fact that we see things differently is just that. And yes, it is unlikely I can affect the way some of my friends are thinking, but at least I voice my concern.

September 21, 2012 07:52 AM
Rainmaker
159,856
Satar Naghshineh
Satar - Amiri Property and Financial Services Corp.

I only agree with Karl in the sense that we do not have Socialism here. What we have is corporatism.

In a truly free country, business and banks would fail if they did not provide a good or service that the general public wanted. The banks should have failed, but the federal reserve was designed to bail out banks. We just learned that the federal reserve spent 4 trillion in addidition to the TARP funds in bail outs and loans to other banks and countries.

In regards to social safety net, that net should be ideally non-government in nature. Then it should be on the local and state level, it should never be on the federal level.

In regards to this blog, what do you think about Socialism on a global level? Do you think it would work then or would one be a moron for even suggesting it?

September 23, 2012 11:16 AM
Ambassador
1,305,385
Jon Zolsky
Selling Daytona paradise for heavenly good prices
Daytona Condo Realty, 386-405-4408

Satar - don't you find it fascinating that we are talking about tightening the belts, reducing Medicare, increasing taxes, and at the same time all we should have done is let whoever was failing to fail.

Not spend anything on bailing out. I guess the government with their interference in banking was liable for coverin in case of failure, so we were set up by ... the government.

I do not think it is corporatism, I think this is the only expected product of big government. I am not afraid of corporations, they can get out of business if their goods or services are not up to par...

i am afraid of big governement. They never go out of business, as we are backing them up, no matter how badly they perform.

 

September 23, 2012 10:00 PM
Rainmaker
159,856
Satar Naghshineh
Satar - Amiri Property and Financial Services Corp.

Corporatism, where government and private business are in bed with one another, can only happen when government has power, which happens with growth. You are correct to state that it is a product of big government.

And because government never goes out of business, it's relationship interferes with the signals of a free market. For example, if a private car company creates a car at a loss, it will continue to do so because the loss is absorbed or subsidized by the government.

September 26, 2012 01:10 PM
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