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Okay, now you may THINK that the following is off-topic, but it's not. It isn't even "political". You could consider it treatise on the World Economy, but in truth...

THE WORLD NEEDS A MIRACLE

WHITE PAPER:CLINTON LEGACY

I can understand the reticence of the Baby Boomers to see "their" President fall from grace. After all, they were the "Hippie Generation" who were going to 'save the world' from the black-hearted Capitalists. They grew up intending to take over as the Liberal Democrat 'bleeding hearts', while those of us just a few years ahead of the 'Free Love' '60s knew that the Capitalist Republicans were the ones providing the expanding economy for people to pull themselves up by their own bootstraps.

But, true to their goal, President Clinton determined to 'help the poor people' own their own home by relaxing the mortgage-lending rules to allow for more poor people to qualify for a home loan in 1997. Unfortunately, what he overlooked was it was the (Freddie Mac and Fannie Mae) RULES that protected the homeowners from bankruptcy and foreclosure. You see, it was the RULES that said you can ONLY have a home IF you can afford the monthly mortgage payments! Had the market stayed stable, that might have worked...but, it didn't! It COULDN'T without the qualifying rules in place!

Unfortunately, when you relax the mortgage-lending rules, that doesn't just apply to the poor people, but applies to EVERYBODY. The result? Like the Crash of '29 when people could buy stocks on margin (in other words, with no money) inflation becomes rampant until the no-money bubble bursts and an Economic Depression results, when people can buy homes without qualifying for the loan (in other words, with no money), inflation becomes rampant until the no-money bubble bursts and an Economic Depression results. it wasn't just poor people who rushed through the open door of free money-lending -- it was EVERYBODY.

Since appraisals were no longer required, home values skyrocketed falsely, and out-of-sight. For example, a tiny Greendale, Wisconsin 'original' selling for $25,000 in 1980 was going for $200,000 by 2000. Prior to 1997 homes were appreciating at 5% a year, and after Clinton's mandate in 1997, they began appreciating at 50% a year!

In 1984, I was in the real estate business. The cheapest home listed in the Milwaukee Multiple Listing Service was $39,000. Today, after the Economic Meltdown, there are HUNDREDS of homes listed in the Milwaukee Multiple Listing Service priced as FORECLOSURES UNDER $22,000...ALL IN POOR NEIGHBORHOODS in Milwaukee! And, Wisconsin is one of the most money-conservative States in the Union. As a manufacturing State, Wisconsin's economy lags 3-years behind the rest of the nation. Therefore, while rapid sharp rises and falls in inflation and depression affect the rest of the nation, fast turnarounds cause nary a ripple in stable Wisconsin.

Milwaukee Homes for Sale (WI) - 3,459 listings found - You Chose: Existing Homes, New Homes, FSBO, Foreclosures, under $30,000 http://realestate.aol.com/homes/milwauk ... 0000?st6=0 .

If that's the state of things in Wisconsin, just imagine what is happening in the rest of the country!

America is the CONSUMER engine that drives the world's economies, which is why the Crash of '29 affected the whole world. Similarly, the Crash of 2008 is also affecting the whole world. Think Americans are taking it in the shorts? Think again! When an American loses his home to foreclosure, he just walks away from his debt obligation, and with his (admittedly low) income simply rents an apartment (like before Clinton's legacy). You want to know WHO is losing the money? The Lenders (banks) and the OWNERS of Freddie Mac and Fannie Mae who INSURE the bank's mortgage loans. Now, that could (and should) be us, as well...but, it isn't! With the NEW ONE-WORLD ECONOMY, the NEW Capitalist China is the burgeoning world economic powerhouse and CHINA is the largest shareholder in Freddie Mac and Fannie Mae! CHINA OWNS Freddie Mac and Fannie Mae, and it is CHINA that is losing America's mortgage money!

It's funny, really, how little Politicians understand about business economics. Politicians have all the power to control economies, while businessmen understand how the marketplace works. But, and here's the irony...When the Politicians (fearful of the voting electorate and ignorant of business) screw up, (greedy) businessmen throw caution to the wind and rush to take (monetary) advantage of the relaxed/collapsed "RULES", and when the economic bubble bursts, we all take it in the shorts!

President Bill Clinton did this all by himself. He brought the world's economies to their knees. Well intentioned, to be sure. But, all he was, was an empty-headed bleeding heart with NO understanding of economics, and his Legacy is to wreck the world's economy because of his economic ignorance and Liberal Democrat feelings of superiority.

That's right! "Feelings of Superiority"! You see, when you feel sorry for people who have less, you see yourself as 'better'. That creates feelings of guilt. So, to assuage your guilty feelings, you want to GIVE to the poor people. But, in doing so, you are telling those taking the hand-outs that they cannot do for themselves! And, the result of these feelings of superiority, all you do is wind up making EVERYBODY poor.

But, a Republican businessman KNOWS that all people are equal and equally capable. He respects poor people and knows all they need to BE equal is an equal chance to be a productive member of society, so he gives him a job. When all people work for a living, all prosper!

IGNORANT people in this country want to blame President Bush for the economic downturn because of his rampant spending. But Bush is a Republican and a Businessman. He understands how economies work. His deficit was a non-starter. He knew that as government spends money, economies grow, and the resultant tax increases off-set the deficits. But, he inherited Clinton's broken economy, and when it caught up with him, his deficit coupled with Clinton's broken economy LOOKS LIKE his fault. Not understanding all of this will only lead to a protracted Economic Depression!

And, now, we've elected ANOTHER Bleeding Heart DEMOCRAT, who promised to GIVE US ALL free medical care, free housing for the poor, and lots more free "goodies". The selfish and greedy of the world cannot wait for him to take over.

But, and here's the next irony, the cupboard is BARE! Obama is now on a fast-track to getting the insider's briefing on the REAL state of the world economy, and he's already backing down on all of his promises, even before taking Office! He's sounding more and more like a Republican every day. He's warning us that the economy will NOT be fixed very quickly and telling us to 'tighten our belts' for the long haul.

TRANSLATION: He hasn't a CLUE how to fix the broken economy because he is NOT a businessman!

So, what's his solution? He's surrounding himself with the same Clinton era Ignoramuses who caused this meltdown in the first place! Think that will work? Think again. Think it through!

The ONLY REAL solution is to put the RULE safeguards back in place! But, that will take a hard-hearted Republican Businessman...and we ain't got one!

THAT'S Bill Clinton's "Legacy"! (And now, his Bleeding Heart Liberal Democrat WIFE will be in charge of World Affairs as Secretary of State!)

God help us.

Bill for President

Be warned.... If you reply to this with your opinions, it will be said off topic.

See? I knew you wouldn't understand. What we NEED is a miracle!

I am NOT offering an opinion! I am giving you history lesson!

Those who are ignorant of history are doomed to repeat it!

Bill

Are you saying that members can argue about politics while throwing in a "we need a miracle here"?

It's all about perspective.

Brown Paper

blah blah blah blah blah.

blah blah blah blah.

blah blah blah blah blah blah.

blah blah can't blah stick blah to blah his blah word blah.

blah miracle.

No, Asanda, that's NOT what I'm saying. What I'm saying is, Go ahead and try and refute my FACTS! Just don't give me your uninformed OPINIONS!

That Clinton ordered Freddie and Fannie to STOP requiring appraisals and relax the buyer (employment) requirements is a proveable FACT. And, I conceded that Bush's overspending was ill-advised.

But, all I'm saying is that it is a FACT that ONLY putting the mortgage-lending rules back in place will fix the economy! Can you argue against THAT?!

Bill

P.S. And, there goes Mark showing his well-educated intelligent understanding/response to the state of world affairs. Thanks, Mark for letting us all know just how ignorant you are.

History lesson my left butt-cheek. Here's some corrections:

1. Learn your cliches and phrases before you spew them at us.
1a. Baby Boomer Those born between 1946 and 1964. The oldest would be 62 (isn't that just about how old YOU are Bill?). The youngest would be 44.

1b. Hippie Generation The generation of people born in the 1940's and 1950's, and specifically those born during that decade who grew up to protest the VietNam war and assorted politics through the use of music, hypnotic drugs, and "dropping out" of society. The oldest would be 68, the younest would be 48. Again, don't YOU fall into that timeline, Bill?

And so - replace "they" and "their" and "them" with "YOU, YOUR, and YOU." Because when you talk about the hippie generation, and the baby boomers, you're talking about YOUR generation, and yourself.

That's right, bubba, it's YOUR generation that f* it up for the rest of us. The adults who could have known better, but were too busy being either military yahoos to realize they were turning the world's powers against us, or the insufferable suckers who bought into the American Ideal lock, stock, and barrel, or the ones who were just too stoned and tripping their asses off to realize anything was going on at all.

That was YOU, Bill. It was YOUR generation, YOUR era, not your parents, not your kids. It was YOU. You're the one standing in the middle of the chaos. What did YOU do about it, then, hm? Whatever it is that you did, it didn't work. You failed.

Seriously, what does all this have to do with miracles?

hey I mentioned "miracle".

opinions without references are just opinions.

Ok so I lost the pool, who had their money on 12/12?

We need a miracle for this thread to stay on topic.

Not ME, Chick! I was born in 1942, AHEAD of the Baby Boomers (who were a product of the soldiers coming home from the war).

I went into the military right out of high school (if you study history, we had a military draft back then), and when I returned and went to college (1960-1964) I was the ONLY man on campus with a short haircut and jack boots! EVERYBODY else was a drugged up Hippie! I was clean, sensible AND A budding businessman and REPUBLICAN because I believed, and still do, in the American dream that EVERYBODY can be whatever they want to be in America. All they need is the freedom to pursue their dreams. And, I have done all right, thank you very much.

But, I had acquaintances in college who drugged up, screwed up, dropped out, and disappeared off the face of the earth (killed themselves with their drugs).

But, this isn't about me, or even them! It is about a failed economy and how to fix it. I'm trying to get the world it's MIRACLE! (I've already got mine! My income is stable, has recently gone way up, while my expenses are dropping like a rock. I'm safe in God's hands and accepting His miracles. How about you?)

Bill

World energy shortage averted. Largest methane gas pocket found, plans to run a pipeline from bill's mouth to major distributors in the works.

Ummm....I'm here!!!!

Actually, Mark, once again you show your ignorance.

We ARE on the cusp of fixing the world's energy crisis! The new Volt by Chevy is a hybrid that runs chiefly on electricity. It can drive around town for 60 miles on electic batteries, and only needs gas for longer trips.

Now, when you consider that 90% of all driving in America is to work and back and to the grocery store and back, and is under 60 miles, that means with these new cars coming off the line in the next year or two, we will be eliminating 90% of our gasoline reliance!

Ergo, the market price of oil will drop like a rock. We'll not be polluting anymore. And, economies will soar! We will just have to build more nuclear plants to provide the electicity to charge our cars' batteries.

See? It pays to be informed!!!

Bill