Kona Kohala Blog

I've been trying to come up with ways to tie today's political events into real estate since besides being a somewhat radical conservative and patriot I am a Realtor doing real estate in Hawaii.  Today, though, I've seen so many articles requiring a comment that I quit looking for real estate relativity.  I'll go bit by bit then wrap it up with why I shouldn't have done this, you may agree . . . or not.

Last night was the second state dinner put on by this regime, this time for Mexico's president, Felipe Calderon.  This clown from south of the border, a country where immigrant abuse is documented by even the United Nations, where illegals in the south of the country are beaten, raped and robbed regularly comes to dinner and bad mouths our great country.

Not only that, buy then the little bobble head Obama stands there agreeing with him in a continuation of the bash America campaign he's been on since getting the keys to Air Force One.  As an American citizen who spent 10 years in the U.S. Navy I have really had it with this dorky little wimp and his hooligan thugs from Chicago putting down the country I love and put my life on the line for.  Not a one of this regimes sissies has come close to giving service to our country and yet they now run it.

Enough of that one, how about Fannie Mae and Freddie Mac?  Here are two bloated government supported entities (GSE's) that are losing billions of dollars per quarter, asking for more billions.  Treasury Secretary Geithner, ex king of the New York Federal Reserve Bank and good buddy with the bonus laden heads of Goldman Sachs, J.P. Morgan and the rest, says the Freddie and Fannie fiasco is not sovereign debt but the government will stand behind them.  To big to fail?  How about just the right size to fail? 

Fannie and Freddie should both be taken apart and given/sold to private entities.  There is no reason that in this time of huge banks profits, the government run "bank" aka mortgage insurer, shouldn't be making huge profits as well except for the fact that it's government run.

After bobble head speeches about the improving economy boom!  unemployment claims are up to 471,000, just a bit higher than the expected 439,000.  Surprise!  How about those Leading Economic Indicators?  Expected to be up 0.2% but instead, down 0.1%.  Not a great prediction for upcoming economic activity.

No more tax credits for housing so the number of new loan applications are down 1.5%, the lowest number since 1997.  Overall, loan applications are down 20%.  Now, 10% of all borrowers are delinquent on their mortgages in the first quarter of '10 compared to 9.1% last year at this time and 9.5% in the fourth quarter of '09.  4.6% of all mortgage holders are in some stage of foreclosure proceedings.  We're told this is less than what it has been so that's good news and I suppose it is.

Everyone including the slimeball from south of the border is upset about Arizona passing a law against "ILLEGAL ALIENS", maybe not everyone but those who are quoted in the Obama media.  The 71% who are behind the law aren't mentioned much and they certainly aren't the ones threatening boycotts of AZ.  It's funny that a 17 page law has yet to be read by the loudest opponents like United States Attorney General Eric Holder or Security Secretary Janet Napoliano.  Not even State Department Assistant Secretary for Public Affairs, P.J. Crowley has read the law but they're all up in arms damning the state for passing it . . . whatever it says.

That's enough for now.  Looking over all this I can see why people are jumping at the opportunity to start new businesses or hire new people.  They see the country going to hell in a hand basket and that basket is being carried by none other than the number one bobble head, Barrack Hussein Obama.  God have mercy on all of us.

So the summary I mentioned in the beginning is this.  In courses on Argumentation, you learn that when you are attacked you can respond to each and every point the attacker makes or you can fall back on your guiding principle and the reason for the argument in the first place.  Above, I have been countering each point, not good.  The method this regime is using is to put out so much that no one can manage it all.  They are attempting to destroy this country by attacking from every possible angle.

Instead of arguing each point, I will fall back on my guiding principle.  This is a Christian country and one of tolerance for all religions.  It is a proud country who has acted as the international policeman for many many years and all good people have benefitted from this role we've played.  As Colin Powell once said, we have never in a war with another country taken any more land than that which was needed to bury our dead, those who fought and died for the freedom of that country.

It is time people again learned the true history of this great country.  We are founded on Christian beliefs and morals.  When you come here, read the constitution and if there is any part you disagree with, get the hell out.  If you want to wear head scarves, go to one of the many countries where that's permitted.  If you want time out at work to pray (we can't do it in public schools) then work for someone who shares your beliefs, do not expect someone else to make compensatory gestures for you.

If you Obama and all your apologetic side kicks hate this country so much, then get out.  Unfortunately, you're finding that no other country wants you.  Sad that we're stuck with you for another few years, glad that the change is going to start in just 6 months.

More on real estate tomorrow.