Talking Heads

As I sat in the Wal*Mart parking lot, I listened to a little of the Dennis Miller program.  One of his callers made my head hurt.  After saying that Bush was a lousy President, they went on to say what a great guy Obama is.  On their watch, Government has grown to 24% of the GDP from 18%.  In 3 1/2 years the national Debt has gone up 5 Trillion dollars and we are well on our way to having spent a Trillion dollars more than we took in this year.  Can we freely admit that both of the Presidents have things mucked up.  Throw in a Congress that hasn't passed a budget in the last 3 1/2 years and it is no wonder to me that no one has even the remotest idea what the hell is going on let alone who is in charge.


What worries me is that there are people that think that Obama has done a wonderful job.  Just how long would your credit line last if you spent 1/3 more each year than you take in.  Can we say bankruptcy boys and girls?


The other day a realtor was playing talking head on TV and he said that for over 100 years the value of real estate has gone up a steady 2-3 %.  In 1997, the prices spiked about 10-15% and then the next year the bubble burst and it fell about 20%.  He said the value of real estate is back on the trend line and we aren't too far off the growth rate for a century.  Tell that to all the people in California and Vegas that are so tipped over that they may never recover.  I read the other day that people have just walked away from so many properties out west that the for sale signs are on every block. 

On the good side of things, Barb and I agree that we have done as many projects this year as we did in the last 10.   Perhaps we can make the same progress inside this winter.  


MUD