I recieved a call to action request late yesterday from the National Association of REALTORS asking that I support the Emergency Bailout. I couldn't do it. It is the first time in memory that I didn't jump at the opportunity. I am asking you not to click the call to action link.

This "emergency"  has been going on for about 12 days now. The earth hasn't stopped spinning, the government hasn't ceased to legislate, it will be alright! Sure we're going to tighten up on credit. There will probably be a little less under the Christmas tree this year and you may not be able to continue to live on credit cards and future promises for a while after this period. But it will be alright.

As each day passes and cooler heads prevail this emergency is understood more. Wall Street experts are beginning to come out and denounce the plan.

In an interview with CNBC, Jim Rodgers, CEO of Rodgers Holdings said "History shows these plans don't work. What does work is to let the market clean itself out,"

Retailers have already begun to change their startegy by increasing inventories earlier then planned and reducing prices on select items to entice consumers to buy from their chains. This one example shows how quickly a free market can work. The governmet is still trying to figure this mess out while the private sector is already in action mode. Walmart will make money this year. It will pay its employees, who will buy their consumer goods, and the economy will continue.

Not many of those employees are in fear of losing thousands in the stock market. They already understand hard times and unaffordable housing. They more then likely will be the least affected by this downturn. They are proof that you won't die if you don't have a credit line.

Will it be hard for a short time? YES. Will credit be tougher to obtain? YES. Will we recover faster? YES. Will America and the world economy be better for it when all is done and said. DEFINITELY!

I urge you to write your congressman and senators and say thanks but no thanks to the bailout.

I for one am tired of bailing out the good old boys everytime they screw up. If you didn't know Secretary Of The Treasury Paulson was the CEO of Goldman Sachs. Is there any conflict of interest here? How much pressure is he under to bailout his old buddies. Educate yourself and learn the facts. If passed this bailout will help them more then oit will you.

 
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3 Comments on DO NOT PRESS THE CALL TO ACTION BUTTON- Ramblings from an Old Fat Bald Guy

OCT
01
2008

Thanks for the comments. I hate to say it, but life stinks sometimes. Why is the little guy the only one expected to learn from his mistakes. If the government steps in now, there's no stepping back out.

 

7:39am • #1

Thanks Carl. Life does stink at times but after a good shower (ALONE) we feel and smell better. I trust the private sector more then I do the government at finding a solution to this mess. The Senator from New Hampshire described the $700B dollars a a "Stop Gap" measure similar to a turnicut to save the patient's life. What comes next?

 

7:44am • #2
NOV
19
2008

I have news for the big companies... who will bail out the poor innocent hard working real estate professionals?  This is unfair and unreal.  They have their back to the wall with no immediate solutions... What will happen to them?  to their families?  I used to have 14-20 deals in the pipeline.. now my last deal is going to pot..... This is unreal.... unreal......

 

New York Professional... up against the wall... and don't know for how long

LB
2:30pm • #3

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Greg Flanagan

Mount Pleasant, SC

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RE/MAX Advanced Realty

Address: 311 Johnnie Dodds Blvd, Ste 181, Mt. Pleasant, SC, 29464

Office Phone: (843) 972-2400

Cell Phone: (843) 818-8867

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REO, HUD, Bank Owned, Foreclosure, Short Sales in Charleston, Mount Pleasant, Goose Creek SC. Greg Flanagan, Broker, RE/MAX Advnaced Realty, glflanagan@gmail.com,


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