I got a bum middle finger on my left hand doing some house repair. We opened up the window seat this weekend, and I poked the tip of my finger pretty bad.

I want to write about the senate elections in Minnesota and Georgia, cause I think it proves my point about Instant Runoff Voting. it'll take a lot of words though, so I'll have to wait.

Happy shoveling everyone.

In relation to my last post: "Bailout ignores homeowners"

Home Foreclosures have officially been suspended through the holidays.


Merry Christmas everybody. Fannie and Freddie don't want to ruin the Christmas Shopping Spirit by throwing you out on your ass.

I'm a little cynical here, because this type of action was not hard. The government Owns Fannie and Freddie now, and it costs zero dollars to issue a moratorium on foreclosures. The only excuse for waiting a month is confusion, incompetence and ignorance to the problems average people face.

I know not everybody can afford their mortgages, I'm sure some did get in over their head. But 279,561 people lost their homes this past month, that's 25% higher than last October, that's an increase of 70,000 people, I'll bet some were victims of adjustable rates, predatory schemes, crappy real estate markets, etc.

I guess I'm glad they're doing something.

Bailout ignores homeowners.

Remember when we passed the bailout everyone thought it was a good idea to keep people in their homes. Banks made bad loans to people who couldn't pay them back, but we could renegotiate those loans into something people can afford. If people can pay something toward their mortgage the loans are not as worthless or "toxic" as they called them in the news. It's a bottom up approach, don't just buy garbage loans from the banks, make it so borrowers can pay the banks back and keep those mortgages from defaulting.

Well, that didn't happen and in October 279,561 people lost their homes. That is a failure of government. We never set up a system to deal with foreclosures. It's not like this was sudden, it takes a few months to kick somebody out of their home. I'm sure many many of those people were trying to play by the rules, and could have renegotiated their loans and paid them off. That's a 5% increase from the previous month and a 25% increase from October 2007. Every month that we let 'loans' become 'bad debt' we are just draining money out of the economy and creating more uncertainty.

Party First or Country First
The Bush years were ruled by party politics. After Every crisis, the first question they asked was "How can we use this to make the Republicans look good and the Democrats look bad". And there was a dogmatic reliance on conservative ideals (like private mercenaries in Iraq who get paid more than our military)

I hope moving forward we can build consensus instead of battling over turf wars. Because that's why people disapprove of congress more than bush, because there's always some ideological stalemate, and some party line rivalry. And nothing got done. We need solutions, this is not a game. Let's agree where we can.

The Economy Grows Like Crazy Amid High Taxes

Not that taxes should be raised in an economic depression, but the idea that lower taxes makes the economy better is false.

"High taxes create an incentive to reinvest profits into the business for long-term growth. With high taxes, the only way to retain the bulk of the wealth created by a business is by reinvesting it in the business -- in plants, equipment, staff, research and development, new products and all the rest."


It's a simple argument, based on historical trends in the US. It makes perfect logical sense. The 'trickle-down' idea of cutting taxes and giving benefits to the rich just encourages saving and stockpiling cash, while higher tax rates encourages reinvestment in the business and writing it off on your taxes.

Drew said something along these lines in a previous post, and I see the same situation since I'm self-employed.

I just don't think taxes as the root of all evil, especially when healthcare is a bigger problem and expense for me and my business. And I do think it's patriotic to pitch in and help the country as a whole.

Just a thought.

Obama and his team have used the Internet very well to engage supporters in the campaign, will that idea carry through to the presidency? Will the new administration use the web to engage citizens, help us be more aware, and more active in the government? Obama has consistently called on us to be active. He says that change will happen only if we work together. It's not about what Obama can accomplish, it's what WE can accomplish as a nation. Inclusiveness is a common theme for Obama, and it looks like he's going to stick to that as president.

I think using the internet to keep people engaged and informed about their government is an excellent idea. And it reminds me of FDR's fireside chats on the radio during the depression.

There have been a few articles on this topic, here's a recent update, the campaign announces they will do a weekly youtube update.

I hope this should go way beyond youtube, but this is a good sign.

A Few Reasons to Believe that this time is Different

I'm optimistic.

Of course we can't expect the politicians to solve our problems for us... But Barack Obama knows that too.

This victory alone is not the change we seek - it is only the chance for us to make that change. And that cannot happen if we go back to the way things were. It cannot happen without you.

We will only solve our problems by working together, the government, the citizens, Republicans and Democrats. Barack Obama knows this too.

So let us summon a new spirit of patriotism; of service and responsibility where each of us resolves to pitch in and work harder and look after not only ourselves, but each other.... Let us resist the temptation to fall back on the same partisanship and pettiness and immaturity that has poisoned our politics for so long.... while the Democratic Party has won a great victory tonight, we do so with a measure of humility and determination to heal the divides that have held back our progress... And to those Americans whose support I have yet to earn - I may not have won your vote, but I hear your voices, I need your help, and I will be your President too

It's about the power and determination of a unified American people.

There will be setbacks and false starts. There are many who won't agree with every decision or policy I make as President, and we know that government can't solve every problem. But I will always be honest with you about the challenges we face. I will listen to you, especially when we disagree. And above all, I will ask you join in the work of remaking this nation the only way it's been done in America for two-hundred and twenty-one years - block by block, brick by brick, calloused hand by calloused hand.

This next quote puts everything in perspective. He talked about the 106 year old woman who voted yesterday, and all the things she's witnessed in America over the past century.

America, we have come so far. We have seen so much. But there is so much more to do. So tonight, let us ask ourselves - if our children should live to see the next century; if my daughters should be so lucky to live as long as Ann Nixon Cooper, what change will they see? What progress will we have made?

_______________________

He may not agree with me on every policy decision. I'll probably have to sign some petitions and make some phone calls along the way to urge him to take my opinion into account. But we do agree on the fundamentals of this country, and the idea that an honest and thoughtful democracy will reach the best policies over time.

Progress happens when we all work together, when we take a hands on approach, and make it our responsibility to achieve a brighter future for our children.

I thought the speeches by McCain and Obama last night ended this campaign in a very good way. There are big problems ahead, but I expect those challenges to make us stronger in the end.