Science fiction writer Ben Bova wrote:
The most prescient — and chilling — of all the science fiction stories ever written, though, is “The Marching Morons,” by Cyril M. Kornbluth, first published in 1951. It should be required reading in every school on Earth.

The point that Kornbluth makes is simple, and scary: dumbbells have more children than geniuses. In “The Marching Morons” he carries that idea to its extreme, but logical, conclusion.

Kornbluth tells of a future world that is overrun with dummies: men and women who don’t know anything beyond their own shallow personal interests. They don’t know how their society works, or who is running it. All they care about is their personal — and immediate — gratification.

A comedy with similar reference....Watch the trailer......click me


Wednesday, June 2, 2010

Pending home sales rise ahead of subsidy's end

The federal government has been subsidizing home sales with tax credits of up to $8,000 for qualified buyers who signed a sales contract by the end of April. Transactions must close by June 30 to qualify.
Can I get a tax break on my property taxes?
Why doesn't the federal government subsidize my property taxes with tax credits?

The tax credit brought more than 1 million buyers into the market, according to Lawrence Yun, chief economist for the NAR.
Well, duh, look what happened to car sales once the federal reserve and treasury dept started backing auto related CDO's that China and the rest of the world decided they didn't want to buy anymore.
"The housing market has to get back on its own feet and now appears to be in a good position to return to sustainable levels even without government stimulus, provided the economy continues to add jobs," Yun said.
 LOL......  taxpayers back over 90% of all mortgages, taxpayers have to subsidize the sales of homes, and Yun thinks the housing market may return to sustainable levels without it ........... Oh ...." provided the economy continues to add jobs" ......... nevermind.
I would love to hear a Republican/Tea Party nut job, that are proclaiming "Let's Take America Back" tell us that they will put an end to the steady flow of taxpayers money into FHFA, Fannie and Freddie, and the newest taxpayer backed mortgage holder, USDA.
They know they can't. Once funding ends to these programs then it will be the end of the housing market as we know it.
Taxpayers are stuck subsidizing the housing market till the end.

Someday people will see through the smoke and mirror show, but till then .......... Yipeeeee
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