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Title: Pop Goes the Bubble (housing market)
Source:
Lew Rockwell
URL Source: [None]
Published: Aug 30, 2006
Author: Bill Bonner
Post Date: 2006-08-30 10:30:09 by bluedogtxn
Keywords: None
Views: 1893
Comments: 137
by Bill Bonner "What's that Hissing Sound?" headlines a piece in the Economist: "The boom has lifted the (U.S.) economy in three ways: it has boosted residential construction: it has made people feel wealthier and so encouraged them to spend more; and it has allowed homeowners to use their property as a gigantic cash machine, taking out money by borrowing against their capital gains. Merrill Lynch estimates that the three together accounted for more than half of America's total GDP growth since last year. "Counting construction, finance, and estate agency, the housing boom has been responsible for one-third of all the jobs created since 2001. If house-price rises level off, GDP growth could dip below 2% in 2007. If prices fall, expect a steeper slowdown." Since it is now in the Economist, it's official – housing is in trouble. But will prices actually go down? We have a report directly from one of the hottest markets in the country, south Florida: "We just missed it. The time to sell was a year ago. A guy came along and offered us $500,000 for that place we bought. We paid $450,000 for it two years ago. Our timing couldn't have been worse. We expected to tear down the house and build a new one...and we were sure we'd make a couple hundred thousand in profit. Minimum. But you warned us. And we didn't listen. And then, we got that offer for $500,000 and turned it down. We thought we could get much more. But that was then and this is now...I'd be happy to get back what we have in it. But we can't even get anyone to look at it." Paul Kasriel says it's the worst supply/demand equation of residential real estate in 34 years. Sales in July were down more than a fifth. Inventories were up more than a fifth. And a lot of real estate investors are now going to the liquor store to get another fifth. They wish they could turn the clock back a few months and unload properties at last year's prices. But maybe the situation is not as bad as it looks. The New York Times reported the news last week that real estate downturns in England and Australia have been surprisingly mild. And now, Business Week has a big story entitled "Housing: The Roof Won't Collapse On The U.S. Economy." According to Business Week, housing can go a little soft without damaging the economy too severely. That view has become the mainstream dream. What do we know; maybe it will turn out to be true. As our friend John Mauldin points out, we usually muddle through. Usually, tomorrow is like today. Usually, nothing too bad or too good...happens. Usually, things are average, ordinary, common, and regular. But wait, there is nothing ordinary about this housing bubble. In the space of less than 10 years, according to Robert Shiller's index, the real value of residential property doubled. And householders doubled up their debt, too. Neither are things that happen every day; in fact, they've never happened before! We are not looking into a crystal ball here. We are just putting two and two together. If things are usually usual, then when they are unusually unusual, they are probably more likely to become usual again, rather than become more unusually unusual. That seems so obvious to us, we won't bother to explain it. And when housing prices become usual, then the poor sap who has bet his house on something extraordinary is likely to be in a tight spot. And since the entire U.S. economy, and by extension the entire world economy, depends on him being able to continue to spend, then they're all in a tight spot. Yes, the whole world economy now depends on a man who spends money he doesn't have – money of no sure value – on what he surely can't afford, and which he probably doesn't need anyway. He can only do so as long as his house rises in price. And now, that the rise in housing prices has come to an end. What next? Everyone has come to expect slowing real estate gains. The boom is over; everyone seems to think so. So, where is the surprise? Where's the money to be made...or lost? Again, we don't know. But in August 1982, Business Week famously predicted that the equity market was finished. Now, in August 2006, BW tells us not to worry: the roof will not collapse. BW might not be right, but it might be consistent; the roof might blow up. August 30, 2006
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#43. To: buckeroo (#41)
JTForPresident@Freedom4um.com ;)
"Freedom4um" -- The Forum for Real Americans and where America and Americans are always First!
i am not sure that he is a bastard. in his part of the rural south it may be legal for cousins to marry.
ROTFL
make one for buckeroo that says MrWizWand@freedom4um.com/
Nono .. CaptainMorgan@freedom4um.com
Ghost told me that whe wasn't cousin span. He is apparently a father / step daughter hybrid. Of course, the parents of both the father and step daughter were cousins for 10 generations back.
Just so you know, I haven't defended her or anyone, anywhere. I want that clear ... got it? I may defend my position of perspective and that is true. I have respect for her and those efforts she has performed to maintain/create a website that attempts as wide a political spectrum of opinion as possible. She should have the courtesy of at least the dignity for working towards that end. Nobody else has done it. GL has.
Did Goldi ever explain why she banned aristeides? (the 2nd time not the 1st)
"If there’s another 9/11 or a major war in the Middle-East involving a U.S. attack on Iran, I have no doubt that there will be, the day after or within days an equivalent of a Reichstag fire decree that will involve massive detentions in this country." - Daniel Ellsberg Author, Pentagon Papers I can never understand her reasons. I have asked ... begged and admonished. And never a reply. I can only say that here is one recent exchange and still no answer other than other fine posters leveller posted on 2006-08-29 16:00:03 ET Reply Trace Sorry to see Burk go. He is one of the best posters on the Inet. I post at a number of political websites and many IRC political and technical forums spanning 10 worldwide networks. You don't see many like Burk belt out an incredibly well authored essay in just 10 minutes from someones previous post. You would think that when some of our best posters are leaving because of the obvious changes in hidden forum policies and agenda that someone would wake up. But I don't see her doing it. I was floored last week to learn that aristitredes was banned. Another astute and well-mannered poster that maintained an incredible background of respect for opinion no matter whom he addressed. He was an American-Firster, like me. I have tried in the past to post my ideas about recent bannings and don't receive a reply, pro or con or indifferent so I assume I am on her ignore list; if anyone doesn't sound the alarm bell its me on these threads although I have increasingly found myself cornered by these desperate bottish posters that I have pinged the web- mistress; still rarely. I can certainly vouch for the fact that I have attempted to help LP as one of the financial contributors towards a forum providing a broad spectrum of opinion. And she knows it, too. We are seeing a crisis on LP. The venue is changing about political matters of and about America towards pro/con relationships of Israel. Israel has NOTHING to do with America's existence and I am offended by the Zionists attempting to stuff down my throat their attitude about lack of support = terrorism. buckeroo posted on 2006-08-29 23:16:37 ET Reply Trace Just thought you might want to read this thread; and my comment to leveller just above. buckeroo posted on 2006-08-30 01:28:34 ET Reply Trace OK - I'll give 'er a look-see. Original_Intent posted on 2006-08-30 01:36:08 ET Reply Trace Yes we live in interesting times. As you know I've pointed out that the common link between aristeides, honway, and FormerLurker is that they were not lockstep Party 'bots who accepted the Party Line on 911 or the Zionist Party line. The strongest voices for the contrary view are being purged or leaving in disgust as the wave of 'botulism rolls over LP. When I first began posting here regularly, because I got fed up with "All Anti-Semitism All the Time" at LF, there was a spirited body of Posters who were capable of pinning the 'bots ears back. Sadly there are now too few voices for reason, sanity, and humanity. The trend seems to be to give the voice of insanity and endless war the upper hand in the debate by either banning or driving away in disgust anyone who lifts their voice against wanton murder as State Policy.
#44. To: Ferret Mike (#42)
Quantrill is a bastard whom his mother should have aborted.
#45. To: christine (#43)
JTForPresident@Freedom4um.com
#46. To: christine (#43)
#47. To: Morgana le Fay, Christine (#46)
#48. To: Morgana le Fay (#44)
i am not sure that he is a bastard. in his part of the rural south it may be legal for cousins to marry.
Liberace!
A great American!
#49. To: Jethro Tull (#35)
Your defense of her is broadcast far and wide over the net.
#50. To: buckeroo (#49)
#51. To: robin (#50)
23. To: leveller, Burkeman1, Goldi-Lox (#22)
24. To: Original_Intent, (#23)
25. To: buckeroo (#24)
26. To: buckeroo (#24)
#52. To: Ferret Mike (#42)
Ghostie? I won't help you. Thats your problem with that disgusting poster.
#53. To: buckeroo (#52)
It's not even a problem. I already said I didn't care if you did or didn't, so that's fine with me. He'll either get my message one way or another, or won't. I won't lose sleep either way.
+ 
+ 
= 
#54. To: Ferret Mike (#53)
I think Ghostie was neutered by his poor parents ... they needed something to sell at the local farmer's market so they took his mountain oysters and sold them for .5 Rubles. But that is just my take on his humble beginnings.
#55. To: buckeroo (#49)
You defend her by supporting her. It's simple once you think it thru... Nice poste here, Bucky: 6. To: beyond the sea (#3) Jews getting a little crazy now over there. In my way of thinking, they at least have the balls to declare war upon Lebanon. Here in the US .... our Congress has no balls ... they gave the power to the President ... whom again, has no balls. buckeroo posted on 2006-07-15 12:31:02 ET Reply Trace *** So the Jews have balls to target civilians? Lying hypocrite.
#56. To: buckeroo (#49)
Psst....if you didn't fill her pockets with cash you'd be homeless. She's a low rent, homeless looking Zionist, whose ass you love to kiss.
I have respect for her and those efforts she has performed to maintain/create a website that attempts as wide a political spectrum of opinion as possible. She should have the courtesy of at least the dignity for working towards that end. Nobody else has done it. GL has.
#57. To: Fibr Dog (#7)
Well, I've quit FR2 for good, so hopefully it'll be a while before I have to read that kind of crap again. I like this site and its philosophy much better. Viva free speech.
I'm sorry but there is no probelem with the real estate market. You see, Badeye's business is doing good and he has a Hummer. And besides that I'mStillRight says everything is A. O. K. and that's good enough for me! /sarcasm
the law, in its majestic equality, forbids the rich as well as the poor to sleep under bridges, beg in the streets and steal bread.
#58. To: bluedogtxn, Fibr Dog (#57)
Well, I've quit FR2 for good, so hopefully it'll be a while before I have to read that kind of crap again. So what's the problem? My business was doing good - well at least in cyber space it was - and so I gave myself a Hummer. Most people arn't capable of giving themselves a Hummer. Does this make you jealous?
I'm sorry but there is no probelem with the real estate market. You see, Badeye's business is doing good and he has a Hummer.
Sixty five thousand little turds dispensed to date ....
#59. To: buckeroo (#14)
Buck, I know this was kind of a two sided conversation, and forgive me for "C"ing my way into it. I have a problem with LP, and it's not their viewpoint. I watched Ferret get banned and Honway get banned and aristeides get banned. Not for profanity or ad-hominem attacks, but for posting a particular point of view that was verboten. I had one of my posts that supported the verboten point of view pulled, too, without any explanation. Unlike some on this site, I don't hate Jews or think there is a "Jewish conspiracy" to take over the world. On the other hand, when one point of view is deliberately suppressed and posters banned over it, (1) the site is not a fair representation of the views of its members; and (2) it deceptively presents an unbalanced picture of the opinions of its posters. Aside from that, it is an unhealthy environment for debate when one side has to debate with a hand tied behind its back. I only recently discovered this site as an alternative, and I like the free speech philosophy. No ad hominem attacks (they were getting way too frequent over there), and polite discourse, but no forbidden viewpoints and all welcome. Plus, FR2 over there was getting overrun with former freepers, and they tended to be some rude and mindless sumbitches. So, with that said, I agree with JT to the extent that I think you continuing to post over there only breathes a semblance of life and legitimacy into a dead zone. C'mon over here and stay. It'll be better for you and us, too.
Let me explain my reasons for posting on LP. I enjoy a wide variety of comments. Nothing more or less. I am awkward slapping people on the back that I agree with. I enjoy this forum ( 4um ), too. But many of the posts I agree with and so don't attempt to much but to suggest an added perspective for the most part.
the law, in its majestic equality, forbids the rich as well as the poor to sleep under bridges, beg in the streets and steal bread.
#60. To: Jethro Tull (#55)
Come off it Buck, that rubber stamping of a war born of insane notions from Israeli right wingers and the Bush Administration is not remotely the same thing as a declaration of war Congress has to pass. What the Israelis did got the results only badly thought out notions of war generate. There was no excuse for this invasion.
"In my way of thinking, they at least have the balls to declare war upon Lebanon."
+ + = #61. To: Badeye After Five (#58)
Hell yes. I've never had the kind of ... flexibility... needed to give myself a Hummer. I've always relied on the kindness of strangers.
So what's the problem? My business was doing good - well at least in cyber space it was - and so I gave myself a Hummer. Most people arn't capable of giving themselves a Hummer. Does this make you jealous?
the law, in its majestic equality, forbids the rich as well as the poor to sleep under bridges, beg in the streets and steal bread.
#62. To: Badeye After Five (#58)
Badeye, i assume you're good at hummers? If so, perhaps it could be a part time gig?
#63. To: bluedogtxn (#59)
nice post, bluedog. thanks.
"Freedom4um" -- The Forum for Real Americans and where America and Americans are always First!
#64. To: christine (#63)
de nada, es la verdad, solamente.
nice post, bluedog. thanks.
the law, in its majestic equality, forbids the rich as well as the poor to sleep under bridges, beg in the streets and steal bread.
#65. To: buckeroo (#54)
Goldi, the IsraelFirster, flips off the UN then and AmericaFirsters now.
#66. To: bluedogtxn (#59)
I don't know
anyone on this site who hates Jews. Most posters here would like to discuss
Israel's and in particular the Zionists' intentions, in an open way. Because
of MSM's lopsided broadcasts on anything remotely connected to Israel and/or
Jewish organizations, what you see is an attempt to counter-balance that skewed
viewpoint. Most posters here believe American interests should be considered
first, and see ZioNazis running our foreign policy in deference to Israeli
interests. And they are not even doing a good job of it for Israel or US.
That many foreign govts may also have a disproportionate number of Zionists
should be examined, if it is true. If this were any other nation, we would
have no problems discussing that nation's agenda, policies, people or religion.
Unlike some on this site, I don't hate Jews or think there is a
"Jewish conspiracy" to take over the world.
"If there’s another 9/11 or a major war in the Middle-East involving a U.S. attack on Iran, I have no doubt that there will be, the day after or within days an equivalent of a Reichstag fire decree that will involve massive detentions in this country." - Daniel Ellsberg Author, Pentagon Papers
#67. To: robin (#66)
That's dead on truth, there. But there seems to be a tendence among some to "see a jew behind every bush"... Israel is doing what any smaller, dependent parasite nation would do to its host. It digs in deeper and sucks as much blood as it can, because it never knows when it'll be plucked out and discarded.
Most posters here believe American interests should be considered first, and see ZioNazis running our foreign policy in deference to Israeli interests. And they are not even doing a good job of it for Israel or US.
the law, in its majestic equality, forbids the rich as well as the poor to sleep under bridges, beg in the streets and steal bread.
#68. To: bluedogtxn (#67)
We don't know what Israel and the ZioNazis are up to, completely. But that is what we are trying to determine here, since no MSM investigative journalist will. Carl Cameron had an Israeli spy special that never aired anywhere but on the internet. Have you seen it?
"If there’s another 9/11 or a major war in the Middle-East involving a U.S. attack on Iran, I have no doubt that there will be, the day after or within days an equivalent of a Reichstag fire decree that will involve massive detentions in this country." - Daniel Ellsberg Author, Pentagon Papers
#69. To: robin (#68)
Nope. I'd like to, though.
Carl Cameron had an Israeli spy special that never aired anywhere but on the internet. Have you seen it?
the law, in its majestic equality, forbids the rich as well as the poor to sleep under bridges, beg in the streets and steal bread.
#70. To: Nostalgia (#65)
Is that really Goldi, or a guy in drag making fun of her?
the law, in its majestic equality, forbids the rich as well as the poor to sleep under bridges, beg in the streets and steal bread.
#71. To: bluedogtxn (#69)
As I recall, Justin Raimondo's book Terror Enigma: 9/11 And the Israeli Connection summarizes Cameron's Fox News series pretty well.
Katrina was America's Chernobyl.
#72. To: bluedogtxn (#69)
http://www.whatreallyhappened.com/spyring.html
"If there’s another 9/11 or a major war in the Middle-East involving a U.S. attack on Iran, I have no doubt that there will be, the day after or within days an equivalent of a Reichstag fire decree that will involve massive detentions in this country." - Daniel Ellsberg Author, Pentagon Papers
#73. To: Nostalgia (#65)
that's the picture that Goldi had on her homepage at FR. in my estimation, she's a very different person now than she was then. i'm basing my observation on her flipflops of many issues and alliegiances from when she first partnered with Neil on LP to now. jmo.
#74. To: Nostalgia, Buckeroo (#65)
Buckeroo. You're kidding, right? This is the genius forum owner who is saving America? Please explain yourself, forthwith.
#75. To: christine (#73)
yes, i heard that she was older and fatter and had a more hard looking face. also just generallly less classy than she is in that picture. but i am only going on what people tell me.
that's the picture that Goldi had on her homepage at FR. in my estimation, she's a very different person now than she was then.
#76. To: bluedogtxn (#70)
Hmmm... face looks familiar Is that really Goldi, or a guy in drag making fun of her?
"But I know now that there is not a chance in hell of America becoming humane and reasonable. Because power corrupts us, and absolute power corrupts us absolutely. Human beings are chimpanzees who get crazy drunk on power. By saying that our leaders are power-drunk chimpanzees, am I in danger of wrecking the morale of our soldiers fighting and dying in the Middle East? Their morale, like so many lifeless bodies, is already shot to pieces. They are being treated, as I never was, like toys a rich kid got for Christmas." -- Kurt Vonnegut, Jr. (1922- ) Author
#77. To: jessejane (#76)
LMAO! My G-d [sic], the resemblance is uncanny!
#78. To: Nostalgia (#77)
I *thought* that face looked familiar. ;)
LMAO! My G-d [sic], the resemblance is uncanny!
"But I know now that there is not a chance in hell of America becoming humane and reasonable. Because power corrupts us, and absolute power corrupts us absolutely. Human beings are chimpanzees who get crazy drunk on power. By saying that our leaders are power-drunk chimpanzees, am I in danger of wrecking the morale of our soldiers fighting and dying in the Middle East? Their morale, like so many lifeless bodies, is already shot to pieces. They are being treated, as I never was, like toys a rich kid got for Christmas." -- Kurt Vonnegut, Jr. (1922- ) Author
#79. To: jessejane (#76)
Sharon told Bush he was unwilling to attack Iran. I don't think he would have launched the recent attack on Lebanon.
Katrina was America's Chernobyl.
#80. To: aristeides (#79)
Hard to say. Was doing a little reading here: htt p://www.electronicintifada.net/forreference/keyfigures/sharon.html I am not familiar with the site at all, but presume the 'facts' they state can be verified. I apologize for the length of the post to come, but it is very informative, and chilling. Noting comments re: Sharon; "In 1953, he founded and led the "101" special commando unit which carried out retaliatory operations.[1] [4] The Electronic Intifada notes: As minister of defense in 1982, Sharon orchestrated Israel's invasion of Lebanon, a military operation that killed tens of thousands of civilians as Israeli forces sought to destroy the Palestine Liberation Organisation's infrastructure in the region. According to the statistics published in the Third World Quarterly (Volume 6, Issue 4, October 1984, pp. 934-949), over 29,500 Palestinians and Lebanese were either killed or wounded from 4 July 1982 through to 15 August 1982, 40 percent were children. Israel's stated motive for its "Operation Peace for Galilee" invasion of Lebanon was to bring peace to frontline Israeli communities in Northern Galilee. In fact, the disastrous events of 1982-85 were the very catalysts of the Hizbullah Shi'a resistance movement in South Lebanon. Previous to Israel's military interventionism in the early 1980s, the Shi'a of south Lebanon had not professed any aggression or hostility towards the Israelis. Ariel Sharon is responsible for the massacre of Palestinian and Lebanese civilians at the Sabra and Shatila refugee camps, on the southern outskirts of Beirut. The slaughter in the two contiguous camps at Sabra and Shatila took place from the evening of September 16, 1982 until the morning of September 18, 1982, in an area under the control of the Israeli armed forces. The perpetrators were members of the Phalange (Kata'eb, in Arabic) militia, the Lebanese force that was armed by and closely allied with Israel since the onset of Lebanon's civil war in 1975. Prior to the massacre, Sharon had meetings with the Phalange forces. For over 60 hours -- aided by an Israeli siege around the camps and guided by the light of Israeli flares -- forces belonging to the Israeli-allied Phalangist militia went through the camps, killing Palestinian and Lebanese civilians. Some were lined up against walls and mown down by machine-gun fire. Others were left in heaps on the floors of their homes or on the streets of the camps. Children were shot dead, women and girls were raped and mutilated and men were disembowelled prior to being executed. The precise number of victims of the massacre may never be exactly determined. The International Committee of the Red Cross counted 1,500 at the time of the massacre but by September 22 this count had risen to 2,400. On the following day 350 bodies were uncovered so that the total then ascertained had reached 2,750. Israeli military intelligence estimated that 700 to 800 were killed. UN Resolution UNSC 521 (1982) of 19 September 1982 offered uneqivocal condemnation of the Sabra and Shatila Massacre, although it avoided naming any perpetrators at this early stage. The question of direct Israeli involvement in the massacre is one that has never been fully resolved. However -- despite denials -- it is not credible that Israeli troops surrounding the two camps were unaware of what was going on inside: From 5-5.30 am low level flights of Israeli planes over Sabra and Shatila took place, after which shelling promptly commenced." (Source: The New York Times, 16 September 1982, quoting Dr. Witsoe, Gaza hospital.) "The Israelis established observation posts on top of multi-storey buildings in the north-west quadrant of the Kuwaiti Embassy. From these posts, the naked eye has a clear view of several sections of the camps, including those parts of Shatila where piles of bodies were found." (Source: Newsweek, 4 October 1982, Ray Wilkinson; The Guardian, 20 September 1982; and The New York Times, 26 September 1982.) "Throughout the night flares lit up the sky. They were fired at the rate of two a minute, as reported by an Israeli soldier from a mortar unit." (Source: The Jerusalem Post, 21 September 1982.) [snip]
Sharon told Bush he was unwilling to attack Iran. I don't think he would have launched the recent attack on Lebanon.
[1] The Electronic Intifada notes: As commander of the notorious Unit 101, Sharon led attacks on Palestinian villages in which women and children were killed.
The massacre in the West Bank village of Qibya, on October 14, 1953, was perhaps the most notorious. His troops blew up 45 houses and 69 Palestinian civilians -- about half of them women and children -- were killed.
The U.S. Department of State issued a statement on 18 October 1953, expressing its "deepest sympathy for the families of those who lost their lives" in the Qibya attack as well as the conviction that those responsible "should be brought to account and that effective measures should be taken to prevent such incidents in the future." (Department of State Bulletin, Oct. 26, 1953, p. 552). ====
"But I know now that there is not a chance in hell of America becoming humane and reasonable. Because power corrupts us, and absolute power corrupts us absolutely. Human beings are chimpanzees who get crazy drunk on power. By saying that our leaders are power-drunk chimpanzees, am I in danger of wrecking the morale of our soldiers fighting and dying in the Middle East? Their morale, like so many lifeless bodies, is already shot to pieces. They are being treated, as I never was, like toys a rich kid got for Christmas." -- Kurt Vonnegut, Jr. (1922- ) Author
#81. To: buckeroo, Jethro Tull (#29)
I was not involved in that move and have received no money at all from Goldi/LP since resigning. LP does have a sysadmin that helps with stuff, but it's not me.
In a way Neil McIver can thank me for the bucks Goldi gave him for helping to move the site into new hardware that was finally co-located for a real Internet site instead of a broomcloset in GL's house.
#82. To: Jethro Tull (#55)
No I don't. You are merely attempting to fondle yourself in public over the matter by pushing your own point. I don't defend her or anyone but myself. Way up the thread, I indicated that what you see is my perspective; that's all it is. It is you, JT attempting to make an issue out of GL. You have performed this offensive thrust all along. In my way of thinking, they at least have the balls to declare war upon Lebanon. Here in the US .... our Congress has no balls ... they gave the power to the President ... whom again, has no balls. buckeroo posted on 2006-07-15 12:31:02 ET Reply Trace *** So the Jews have balls to target civilians? The intent of the post was all about how America doesn't declare war anywhere anymore. At least Israel strikes back .... which I think is admirable all by itself. And they publicly declare their aversion in the media, formally. I don't think the issue of civilians were the point HOWEVER I can only say that Hezbollah doesn't play by a military standard to avoid civilians. To a large degree they brought the conflict into their own homes and mosques and schools and hospitals as they hide behind civilians while attempting to murder other civilians, themselves, their frequent launches of mere bottle rockets murdered about 20 Israeli civilians. Naw. You have no real basis to say that. You have already admitted you are weak and can not argue a point with the exception of outright emotional appeal.
You defend her by supporting her. It's simple once you think it thru...
Nice poste here, Bucky:
6. To: beyond the sea (#3)
Jews getting a little crazy now over there.
Lying hypocrite.
#83. To: Jethro Tull (#56)
I think I do pretty well considering my balance sheet on a year to year basis shows some serious earnings on my part; I am far from any need of the state to help me and don't foresee the issue at all; so, there is no need for you to help me or criticise my financial statements, assets, liabilites, credits or debits. As for GL, I have no idea about her capabilities, incomes and so forth ... in fact, its not necessary for me to know that information on the Internet; my posting on LP is not a managed business arrangement; I post there ( again ) because of the wide audience that views the website. I kiss no ones ass, pal. No ones. I think you should reconsider your own perspective and realize that you have an axe to grind with GL, not me. Why you have the feeling I am GL's spokesman is beyond my comprehension .... I speak for nobody on my post's ... except for myself.
Psst....if you didn't fill her pockets with cash you'd be homeless. She's a low rent, homeless looking Zionist, whose ass you love to kiss.
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