10 thoughts on “News/Politics 8-5-16

  1. This is a newsletter I receive from a mortgage lender. I make my living in real estate but can you tell me what is wrong with this? I can’t believe an agent would see this as a positive. This is how we got in the banking crash we did in 2008

    What Does Brexit Mean for Me? August 2016

    When Britons voted to leave the European Union on July 23, 2016, in a referendum commonly known as Brexit, the impact on the British economy — and on Europe’s too — was immediate. Here across the pond, though, it’s not been totally clear how Brexit would affect the U.S. economy, and in particular interest rates tied to mortgages.

    A month later, we have a better understanding of how Brexit affects you and your business personally. Here are some of the benefits Brexit is bringing us [and a drawback too].
    Mortgages will get cheaper. As the impact of Brexit hits our shores, one of the effects is to drive down stock prices, making the safety of bonds look far more attractive. And when bond rates drop because the market is being flooded, interest rates drop as well. Experts indicate that this flood of money into the bond market should delay the Fed’s raising of interest rates, which had been anticipated to happen at least once this year.
    Homes will get more expensive. This is great news for sellers — and for your commission as well. Low interest rates mean more people can get qualified for a loan, flooding the market with wannabe homebuyers and driving prices higher.
    Buyers can shop for bigger houses. This seems to contradict No. 2, but right now, lower interest rates also mean that your clients can borrow more money, and it could get them into a home that was previously out of their reach. It’s true that rising home prices will impact this ability, but they haven’t taken off yet, so counseling your clients to buy now is a smart move.
    Brexit could spark a recession. And that’s good for no one, if the economy destabilizes and incomes freeze or even drop. But having survived one recent market downturn, the country is in a better position to stave off another.
    There’s no guarantee, of course, when the market will right itself and the immediate impact of Brexit abates. And there’s no knowing whether a more stable European economy will allow interest rates Stateside to begin to climb again. That’s why your homeshoppers need to make their move now and get into a new home while rates are low, home prices have not yet begun to climb and their dollars go further.

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  2. The reason for the banking crisis of 2008 was because (due to Congressional interference) banks were lending money to people who couldn’t pay them back.
    Is that what this is about?

    I smell disaster. Peter’s cartoons are not funny. They are prophetic. Not pathetic, prophetic.
    33o,ooo,ooo people in this country wand we choose between these two?

    Liked by 1 person

  3. Peggy Noonan on Trump’s wild week — undignified, scatter-brained, compulsive, clueless. And we can go on …

    http://www.wsj.com/articles/the-week-they-decided-he-was-crazy-1470354031

    _________________________

    I think this week marked a certain coming to terms with where the election is going. Politics is about trends and tendencies. The trends for Donald Trump are not good, and he tends not to change.

    All the damage done to him this week was self-inflicted. The arrows he’s taken are arrows he shot. We have in seven days witnessed his undignified and ungrateful reaction to a Gold Star family; the odd moment with the crying baby; the one-on-one interviews, which are starting to look like something he does in the grip of a compulsion, in which Mr. Trump expresses himself thoughtlessly, carelessly, on such issues as Russia, Ukraine and sexual harassment; the relitigating of his vulgar Megyn Kelly comments from a year ago; and, as his fortunes fell, his statement that he “would not be surprised” if the November election were “rigged.”

    Subject to an unprecedented assault by a sitting president who called him intellectually and characterologically unfit for the presidency, Mr Trump fired back—at Paul Ryan and John McCain. …

    Here is a truth of life. When you act as if you’re insane, people are liable to think you’re insane. That’s what happened this week. People started to become convinced he was nuts, a total flake. …

    This is what became obvious, probably fatally so: Mr. Trump is not going to get serious about running for president. He does not have a second act, there are no hidden depths, there will be no “pivot.” It is not that he is willful or stubborn, though he may be, it’s that he doesn’t have the skill set needed now—discretion, carefulness, generosity, judgment. There’s a clueless quality about him. It’s not that he doesn’t get advice; it’s that he can’t hear advice, can’t process it or turn it into action. …

    … And while Mr. Trump was doing this, Mrs. Clinton was again lying about her emails, reminding us there’s crazy there, too. She insisted to Chris Wallace that FBI director James Comey endorsed her sincerity and veracity. No he didn’t, and everyone knows he didn’t. She’d have spent the past week defending her claims if it weren’t for Mr. Trump’s tireless attempts to kill Mr. Trump. …

    … I end with a new word, at least new to me. A friend called it to my attention. It speaks of the moment we’re in. It is “kakistocracy,” from the Greek. It means government by the worst persons, by the least qualified or most unprincipled. We’re on our way there, aren’t we? We’re going to have to make our way through it together.
    __________________________________

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  4. I just heard Hillary say, “I never sent anything marked Classified”.
    That is true.
    She is hiding a lie behind a technical truth.
    I’ve told you a couple of times before, there is no such category. Nothing is ever marked “CLASSIFIED”. It is marked with it’s classification..

    “Top Secret B” might be an appropriate marking

    Liked by 1 person

  5. https://world.wng.org/2016/08/democratic_platform_goes_radical_on_abortion

    ______________________________

    Last week at their national convention, Democrats adopted a radical, pro-abortion stance by making repeal of the Hyde Amendment part of their party platform.

    The Hyde Amendment has been a part of federal law since 1976, when Congress decided in the aftermath of Roe v. Wade not to allow federal funding for abortion. It protects the right of those who disagree with abortion not to have their tax dollars spent on it.

    But Democratic presidential nominee Hillary Clinton made clear in June she would not stand up for that right.

    “Let’s repeal laws like the Hyde Amendment that make it nearly impossible … for low-income women, disproportionately women of color, to exercise their full reproductive rights,” Clinton said in a June 10 speech at Planned Parenthood. …
    _____________________________________

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  6. Speaking of abortion, here’s a National Review piece about why pro-lifers should vote for Gary Johnson. It has to do with his believing in the rights of states to make laws about abortion.

    The article also says. . .

    “Abortion is not the only issue that should prompt conservatives to vote for Gary Johnson. Neither Trump nor Clinton is a champion of small government, liberty, and the U.S. Constitution. Both appear clueless when it comes to the ideas set forth by our Founders that make us a country of free individuals — the very ideas and values on which conservatives and libertarians agree. We agree that it’s vital to learn from our past, and we trust that we’ll get the best outcomes when the government gets out of the way.”

    Read more at: http://www.nationalreview.com/article/438680/gary-johnson-pro-life-conservatives-best-pick

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