Imagine a 40% crash in housing prices . Seriously just run through the scenario in your head. How much of your net worth is accounted for in your house? How much of your retirement nest egg? How much have you drawn out of said house in equity? What would that wonderfully extended mortgage look like, you know the adjustable one with the interest only for the first five years or so; the mortgage that will last you a good fifty years â€“ yeah that one. You in the service industry, the paper pusher who is about to be down sized, the data entry operator or phone jockey making more than you know you should â€“ you. How would you like to be holding a mortgage on a property that is worth about half what you paid for it, making half of what you used to? Get the picture? Iâ€™ll buy it off you for transaction cost. Read more about the future of housing in America- The ugly side of greed
Update: Edited for clarity, and misatkes, and please note, it was Juan Williams, not Juan Cole, who "represented" liberalism on yesterdays All-Star panel.
Let me begin by clarifying the title of this post; it is not aimed at John Kerry, who, according to the SCLM was a has-been before he was a wanna-be and ultimately successful contender for the Democratic 2004 Presidential candidacy. Read more about Sunday Gasbaggery: Fox News Sunday With Chris Wallace: The Has-Been Edition
If I may nitpick, I think she's a tad over-optimistic when she says: "it won't take too much conscious effort to make our spokespeople look like serious grown-ups by contrast." Read more about Nancy and Hillary's High School Reunion
Why make Jane Harman intel chair when she helped Bush shred the Constitution on warrantless surveillance?
Harman, the ranking Democrat on the House Intelligence Committee, remained silent for over a year after being briefed on the Bush administrationâ€™s violation of federal wiretapping law (FISA) and recently told â€œMeet the Pressâ€ that she deplores the New York Times for informing the American people that the Bush Administration ignored the law.
Senator John McCain
Has a clever plan
For when a woman's ovaries
Are invaded by a man
"Let the States determine
If she can terminate
Or die in some back alley
For States' rights dominate!"
But when it come to warfare
(Coathangers turned to guns)
He abandons sacred states
For the Feds he had once shunned Read more about Send More Troops? Let the States Decide...
Because I'm genuinely curious to know; I'd like to understand. SOP News:
BUSH: Laura and I just had a moment to converse with God in a church here in Hanoi.
(Somehow, Bush (and Leadfoot) "conversing" with God reminds me of Bush (and Cheney) "visiting" with the 9/11 commission. But let that pass.)
A conversation is two-way. That means Bush believes he just didn't talk to God, but that God answered.
But what did God say to Bush? Readers?
Don't be Shrill! Read more about So, George, what did God say?
Some war criminals are just slow to figure stuff out, I guess. Anyhow, a month ago, Henry was chanting, in chorus with the rest of the Beltway insiders, that "victory was the only option." Oopsie:
Military victory is no longer possible in Iraq, former Secretary of State Henry Kissinger said in a television interview broadcast Sunday.
MCCAIN: I do believe that itâ€™s very likely or possible that the Supreme Court should â€” could overturn Roe v. Wade, which would then return these decisions to the states, which I support.
STEPHANOPOULOS: And youâ€™d be for that?
Sweet Jeebus, this is getting old fast. Pravda on the Potomac's Peter Baker:
Embittered Insiders Turn Against Bush
The arc of Bush's second term has shown that the most powerful criticism originates from the inside.
(You got that. From inside. From creatures like Adelman, Perle--and Woodward, for that matter.)
You know what I care about? Read more about Beltway insiders struggle to preserve the value of their Rolodexes by quoting only Republicans
McConnell's already threatening to filibuster over those winger judges Bush resubmitted, even after the pre-election, Republican-controlled Congress couldn't choke them down.
Say, I wonder...
How long will it take for Ho Lieberman to demonstrate his "independence" by selling the Dems out on this one? Read more about My goodness, what ever happened to bipartisanship?