Forbes Forum

MAKINGTHANKSGIVINGSTUFF DAY As you can see we were into making pumpkin pie as part of the festivities for tomorrow. Aaron & grandma were having fun!

Lissa is a tree-hugger? More like stump-hugger--it is a little late to save that tree. Actually, I was just looking for a picture to post, since I have not posted for some time.

What I really want to talk about is the absolute craziness I hear from media, current and future government officials about the economy. This morning everybody was crying about the fact that borrowers are having a hard time finding somebody to lend them money. Listen--this is not a mystery. The federal reserve lowered the prime rate to something like 1%. Inflation rate is over 3%. Would YOU loan money at 1% and lose 2% on your money? This "downturn" was supposedly caused by too many loans to too many people who cannot make their housing payments--people who were hoping to make money on a quick buy-sell in a rising housing price market. So now those loans are not worth anything (besides they have been bundled, cut, bundled and cut so nobody knows who actually owns the loan on a particular house anyway). So the "solution" is for the government (that really means taxpayers, remember), to "buy up" those horrible loans? With what money?--the REAL answer to this last question is that the government is simply making money out of thin air. The plan is to inflate our currency--so the value of each dollar will drop. It is obvious to me that inflating the currency is the OPPOSITE of what should be done. We were told that the $700 BILLION "bailout package" was necessary and it HAD to be passed immediately. HOGWASH. Now we are told by the very same people that $700 Billion is not enough, the plan they sold to Congress will not work, so they will not be doing that, but now a small handful of appointed people have billions of dollars to hand out to whomever they wish all in the name of emergency assistance. Insane. Simply insane.

WE VOTED! We were the 2nd and 3rd to vote this morning in our precinct--the Village of Sanford. We left for school earlier than normal and drove by the polling place--there were few in line (at 6:40), so we decided then was a good time to get in line. The polls opened at 7:00 and we were finished by 7:15. Pretty painless.