Affordability, The Vaginization of Virginia, Davos and the Gay Black Man (his words).
Follow in the text at 1.25 speed
Be sure to stay until the end. It’s a humdinger!
The nerds, and the power hungry, are back in Davos!
Front and center at Davos1 is Glamorous Gavin Newsom. He is a Davos/WEF cult true believer. He hopes to bring all their INSANE ideas to the White House and utterly California our America. Don’t be stupid. Turn this loser out!
Learn more about the lunatics of Davos here.
IU takes the national championship!
In a very hard-fought game (with more shitty calls…or a lack of calls) Indiana won the college football national championship. My criticism of refs is no reflection on the performance of the team, especially Heisman Trophy winner, Ferando Mendoza. He was nothing short of brilliant. Smart, quick and ballsy. And the team got there with zero losses! Not seen since the 1800’s. Congrats, IU!
Greenland
The following should be Trump’s ENTIRE proposal for Greenland.
Chinese and Russian interest in Greenland represent an existential threat to the USA and by extension Europe. Accordingly, we will make a commercially and militarily viable asset of Greenland. Denmark can allow us to establish a strong military and technical presence, OR they can sell it or cede it the the US, OR as a matter of survival of the West, we will be forced to take it.
This beats the hell out of that incredibly stupid letter DJT sent to Denmark. There is no one in Denmark or the EU who will have a problem with my approach and they would have no trouble opening their doors for a greater US and NATO presence. Some, like that useless worm, Starmer will bitch publicly, but will not lift a finger to stop the progression. Privately, they’ll welcome it.
But bickering about not getting a Nobel Prize, as Trump did, is embarrassing to American adults and unproductive.
Spanberger the “moderate”.
Why do we Virginians have to go through this every 3 to 6 years? Virginians will be bitching about all of this very soon. But for some stupid reason we always have to go through the idiocy of voting for Dems first. It doesn’t help that northern Virginia is now shot through with useless, mindless, tribal, big government lemmings.
The boney-assed, white, Lefty shrew, Abigail Spanberger, who ran her last two elections as a “moderate” put her agenda out this week. And would ya take a fuckin’ look at this!
First, you can bet when she wraps up her term, she’ll say she didn’t raise INCOME taxes on anyone who isn’t “rich.” But look at that list of new and increased taxes we all pay! There is nothing moderate about this Lefty fanatic agenda!
The delivery tax is blackmail. Like her retarded California counterparts, she is upset that the government IS NOT in total control of the gig economy. The tax is the first volley in the war to make them accept control from Richmond. This will fuck two groups. Everybody, and the driver’s trying to earn a buck. You know the businesses will raise prices a little to pay the tax. But primarily, they’ll take it out of the meager hides of the drivers.
As for the tax bracket shenanigans, anticipate an exodus of wealthy TAX PAYERS will head for NO CAL and Florida. Look for more criminal illegals2 inbound, since we are about to become as stupid as California and Minnesota on the issue. Virginia already has illegals living the good life, quietly. But the drug lords, gang bangers, rapists and and other illegal thugs will want to be somewhere safe from REAL criminal sanctions.
Local authorities should ignore her call to not cooperate with ICE or no arrests of illegals at courthouses. Tell her, it’s HER stupid idea, and see if SHE can enforce it in our counties. The courts, despite the influence of the Left, are ultimately on the side of scraping illegals from our streets. And tLeft locals have come down on the side of the panty clad in the fight against wider authority in Minnesota. We must not make that mistake here.
I’ll cut to the chase. This entire list is an extreme far Left wet dream. There is nothing - NOTHING - productive or helpful on this list. It is ALL harmful to Virginia, but GREAT for power hungry Lefties, here and in DC, whom commonwealth Lefties kneel before. And the Dems, through the unforgivable apathy of GOP voters in the Commonwealth, own both houses and the governor’s mansion. I can bitch. I voted. All or almost all of my friends voted. For the Right wing that stayed home, when the boney-assed Lefty comes for your guns and takes your money…YOU can SUCK it!
The Main Event
I’ve made this point previously. But it is worth spending a bit of time on.
The term “affordability”, as it is being touted by political whores today, is a warm, watery, undiluted, steaming puddle of bullshit. It doesn’t mean anything. Once again they are counting on you being stupid, or too busy living your life to evaluate the term.
Oh, the Democrats (or Republicans) want to make everything more affordable. Well, that’s a nice thing, right?
Wrong! One man’s affordability is another man’s bankruptcy. For as long as people exist that will always be the way of it. The very people the masses are turning to (because the net and the boob tube tell them to) are the people who have caused the economic chaos we see today. They are the reason the costs of housing, medicine and education have exploded. They CANNOT make the economy into anything remotely beneficial to YOU.
And for the last 80 years, they haven’t had a desire to do so. Since FDR, THEY DON’T CARE ABOUT YOU! Everything they do (the government, half you see as saviors) has two functions. 1. Money for cronies. 2. More power unto themselves. The money the cronies get let’s them buys power. The power the political whores get leads to money. Don’t believe me? Look at ANY Senator, or at any Congressman who has survived more than one term. In some cases like Alexandria Occasional Cotex, they start seeing the cash roll in within one term. Doubt me not! They are not there for you.
No, they are the last people we want trying to make things “affordable” - ever!
I just read a piece by Joel Kotkin. It’s titled The Housing Crisis: Soaring housing costs are driving young people towards socialism—only dispersed development and expanded property ownership can preserve liberal democracy. That’s a rather long subtitle. But it encapsulates the thrust of Joel’s piece.
A bit of history. Back before electricity, a man who liked oddly soggy cigars, named Bill Clinton, and his friends on the Hill thought they’d be re-electable heroes if they artificially helped lots of people buy houses. It’s the American dream after all. So they kicked off a number of FDR-like programs to give people the temporary illusion of benefit. Among the steps they took:
Quality Housing and Work Responsibility Act of 1998: A major overhaul of public housing, introducing reforms like the HOPE VI program (demolishing distressed projects for revitalization), rewarding working residents, and encouraging mixed-income communities. [This one has some merit, but wasn’t strenuously pursued.]
Fair Housing Memorandum (1994): Expanded protections against housing discrimination for people with disabilities and families with children, strengthening existing fair housing laws. [Utterly arbitrary, and unenforceable in some cases.]
Home Ownership and Equity Protection Act (HOEPA) of 1994: Added disclosure requirements and restrictions on high-cost (subprime) mortgages, aiming to protect vulnerable borrowers.
Community Reinvestment Act (CRA) Reform (1995): Loosened CRA rules, which some argue encouraged banks to lend more in low-income areas but also fostered riskier lending, while others see it as expanding access to credit.
Fannie Mae & Freddie Mac Mandates: Increased requirements for government-sponsored enterprises (GSEs) to purchase affordable housing loans, putting pressure on them to serve lower-income borrowers.
First, note that they had sub-prime mortgages even back then. The GOP didn’t invent them after 2000.
Most of what you see in that list is just more building of low quality (ignore the title) warehouses for poor people. They are slick and shiny when they are first built. But because no one owns them and few pay for their apartments with their own money, they become sewers very quickly. This is ALWAYS the result of the government giving things to people.
But I want you to pay close attention to the last one. This was what started the orgy that led to the 2008 crash. The government (Fannie and Freddy (government mandate/public losses/private profit) insisted lenders write ever riskier loans. To prop up the activity, Fannie and Freddie would buy up a percentage of the loans written.
Well, when you make writing loans less risky, lenders write more loans. When the money gets easier, more people want to buy houses (more than would want to without the artificial government input). With more people in the market prices go rise.
The first result with the easy money from 1998 was people started flipping houses. They buy a place, fix it up, then sell it. The money they made was often a combination of their effort PLUS the artificially rising prices already occurring. It became a fad to flip houses.
Add to this the pressure on lenders to loan money to people of lower income. By 2005 it got to where you could deny no one. If you denied anyone a loan you were accused of red lining.
By this time, ‘05-’06, the big banks and traders were already bundling good mortgages with garbage loans and selling them. These were called credit default swaps. That also made lending easier. So more buyers, higher prices, and so on.
This was the “bubble” people spoke of. By ‘05 warning bells were already going off. People who cold read a spreadsheet were telling everyone that the train was going to leave the tracks. Even George W. Bush, while in public still bragging about Fannie and Freddie making the American dream come true for record numbers of people, he was privately telling people, “We have to put a leash on this puppy.”
No one was willing to unwind it. The cronies in the lending industry were all saying the gravy train would roll forever. No political whores would take their income away or even slowly reduce it. But collapse became inevitable.
The public, including plumbers and secretaries and strippers, who got into real estate for the easy money, were clueless. I remember in ‘05 asking my son of this gravy train could keepo rolling. The answer was unequivocally NO. I remember in late ‘06 to ‘07, Glenn Beck YELLING about all this for weeks. He even said the words Lehman Brothers. But onward they all went.
To try to keep the whole thing afloat, and instead of taking their lumps in ‘05 and going home, the Fed, ad Fannie and Freddie, and the lenders continued to grease the wheels. Adjustable Rate Mortgages (ARM) became popular again. After all, buy the time the balloon came due you’d have sold your new place or qualified for ever easier terms (a new and cheaper mortgage). Lenders started counting food stamp money and part time money as income against a loan. Some loans were called no-docs (no documentation). These were loans written above the prevailing interest rates to people with no information provided, no credit rating, income requirements, nothing. No worries. The underlying property would sell later if it didn’t work out. and then it didn’t.
This lunacy went on for years. In 2008, with more liabilities in the portfolio, mostly mortgages, than they had assets, Lehman Brothers collapsed. What they had of value was sold in a fire sale. The other lenders and even insurance companies were almost as bad, and they were the chief cronies to the government, and some were the banks that make up the Fed. So, they got a blank check from the government (OUR MONEY) and were made whole. Their executives continued to collect massive bonuses AS THEY ACTUALLY FAILED!!!. The rest of us had to grow our way back to where we were in 2008. It took until 2013 or later.
Then just when you thought it was safe to go back int he water, they’re still doing it. There are still some credit default swaps to be had. But now Fannie and Freddie are buying almost every loan written. After 2008 they did it wholesale to artificially prop up the market. Now they are doing it to try to drive down interest rates. We already have prices rising out of reach. And they want to cause more of that by dropping rates! That’s not going to help the folks who can’t get out of mom’s basement. In the long term it will help NO ONE!
And they are creating another bubble!!! At some point we will run out of bullets. The market will be tapped out. And because they didn’t let the market correct itself just as rates started to rise, when it would not have been nearly as painful, we will have another collapse. The longer they forestall it with artifice, the worse it will be.
And THAT is what happens when the government makes things more “affordable” for you. Take any economic endeavor. When the government pushes money and regulation at it, in other words when the government becomes the central planner of economic activity, all activities controlled will decline in quality and stability and ultimately fail.
You will be told a given system didn’t fail, as you are told regarding college loans. THEY will continue to prop up that failed entity. But that cycle is now a bubble and has been for over a decade. When Obama nationalized the the college loan industry, he put the destructive behavior on steroids.
Every year, colleges raise their rates by outrageous amounts. Why? Because they can. They know every loan taken will be paid in full. In fact since you now owe the winner the government chose to run the program, the college won’t wait for that money. The bank will pay it outright and collect from borrowers later. If they don’t pay off the loans Uncle Stinky will take the money from the tax payer. And again, ALL the default is then paid by us!
I’ve demonstrated the truth of this in several posts over the years and again quite recently. But the “affordability” bullshit is still on everyone’s lips, and it seems we are primed for the government to expand the housing bubble. Most of us will happily watch as new market bubbles are created…to help us.
This is proof that socialism NEVER works and never will. You CANNOT plan an economy. You cannot rent-control your way to healthy, quality housing, much less housing most people want to live in. But, of course, according to the Lefty elites, you must put what YOU want aside and live as they tell you to.
To get the REAL housing market back to where it should be, and to avoid catastrophe (if it’s not too late already) we need to start the unwinding. Fannie and Freddie need to reduce the number of mortgages they buy by perhaps 5% per month until they reach zero. Then we will find out where mortgages really are versus the market. This will put upward pressure on the interest rates, but lenders must compete or die, now the Fannie and Freddie aren’t carrying them. So it won’t be a massive uptick.
Big banks and predatory speculators who have been buying up huge swaths of properties, sometimes whole developments, to hold or rent, need to divest themselves of those properties. The way to do that is for local governments to rezone residential areas to allow NO rental of houses (for individual private deals, that can be grandfathered), and no vacant properties would be allowed for more than 90 days (that mustn’t be grandfathered). This frees up a lot of units which will push prices down.
This can also be done with medicine and education very easily, if we ever get the guts to face down THOSE cronies (yes, universities ARE cronies). I have talked about all this before and will probably do so again…soon.
To start, assuming the existing political zoo doesn’t suddenly become honest sooner, we need a lot of new blood in congress and the Senate must have 65 seats that are either conservative or at least GOP. None of the leadership can be beholden to big banks. Rules for committee seats and chairmanships MUST be changed so gaining a seat has NOTHING to do with fund-raising ability.
IF WE DON’T DO THIS, you WILL see the housing bubble pop again, the school loan industry WILL collapse and medicine WILL become a nightmare - an absolute sewer. But, hey, good luck with that.
Finally…
The “man” Nikki Manage called a cocksucker3 may have more problems than just trying to salvage his audience.
It turns out the church visit Don Lemon and BLM clearly planned and carried out might result in some serious federal charges. And that would be after any charges the locals might have the balls to prefer. Doubtful.
It turns out what Lemon, and the other Lefty man buns and shrews did on Sunday is illegal and could result in two, count ‘em, TWO federal charges. One is a violation of the FACE act. This prohibits fucking with people at abortion clinics and (ironically) churches. Calling it a protest is exactly the bullshit the law is intended to stop. You can’t protest in defense of your rights by fucking with the rights of others…like…I dunno…stopping them from worshiping as they deem fit, or driving down the street without assholes smashing their cars with sticks, rocks and girly signs.
Then there is the Klan Act, funny in context, which protects people in the exercise of their religious rights, even if contrary to your personal beliefs. It seems the Klan used to zero in on churches as a place to intimidate people who didn’t share their…uh…erm…worldview. How about that? Don Lemon, who spares nary a moment daily, reminding us that he is a gay black man, and the local BLM rep, who is a lawyer, who skipped school when they were teaching law at law school, charged under the Klan Act.
When we all finish laughing at these assholes, give them the max under both laws - fines and prison!
Update: Lemon, after telling us he knew nothing of the event beforehand…AND talking about the church and interrupting services on his own tape BEFORE getting to the church WITH his co-conspirators, is now saying they picked that church because the people there are White Supremacists. He going around to every podcast he can find, like a two bit whore on nickle night, spreading that defamatory crap. He knows he’s really stepped in it, so he is playing the race cared.
If he goes to prison, they should call him “candy”. Because at some point, you know some big con will say, “Shut up, Don. And gimme some Lemonhead.”
Carry on smartly! Cheers!
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Now, the annual we-hate-the-Donald show.
That is redundant. All illegals are criminals by virtue of their presence in the United States. This paragraph refers to illegals who then go on to commit crimes in the United States, including rape, murder and assault. Spanberger loves those people!
Far be it form ME to call him a cocksucker, even though his chosen lifestyle indicates his does indeed enjoy fellatio with men, it was Manage who called him a cocksucker. I wouldn’t call him a cocksucker. That would be mean.
I forgot to ask you what your rated in as a pilot.
Matt, is on a roll today!!! Huge amount of things discussed, the incomprehensible degree of stupidity rampant in the halls of government never ceases to stagger the imagination!!! Thank you for taking your time, your energy and focus to share what is hiding in plain sight. You are reaching those who are paying attention, now is the time to spread the message to those who NEED to hear it. Not that they will listen, but just broadening the scope of exposure is the first step! Keep it up!