Fearing the Facts or Facing the Fears of the Economy. I Say No to the Stimulus Bill

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Services for Real Estate Pros with Real Skillz-Clear Marketing for Your Real Estate Vision

I have been reading many different posts, articles, watching videos and my eyes are starting to blur.  I see there is another $15,000 tax credit being discussed for first time home buyers that some want extended to all buyers, all investors, with no required payback.

Borrow, borrow, and more borrowing.

California is ready to issue IOU's for state tax refunds...not sure if they will be sending checks for education or welfare at this point.  Wisconsin is down to it's last 1 1/2 days of operating capital.

Yet still we want to spend more. 

$850 TO $950 Billion to $1 Trillion....I read somewhere today a figure of $1.5 trillion. Last evening they announced an unemployment rate that was double that of last year.  At 7.6% officially, unofficialy at 13.9%.  The lifeblood of any economy, a working population, is quavering in the wind.

So we can keep on throwing pieces of paper at the economy to try to bring back a false foundation....OR we can start looking in the mirror and prepare for the ride.  We can learn that in sacrifice a cleansing can occur or we can continue to live in fear and prolong this smoke and mirrors economy.

My vote, though it's tough for me to concede, is the first....BECAUSE I don't want to live in fear based decision making.  Whatever happened to "Change?"  I don't like the idea of my grandchildren shouldering a burden that my generation helped to create. 

That just doesn't seem fair.

Someone show me how we are not setting up for an even worse downturn and relying on borrowed money that we don't have.  AGAIN.

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Rainmaker
682,571
Diane Daley
Caron's Gateway Real Estate - Northumberland, NH

Thanks for showing...

Feb 06, 2009 06:14 AM #1
Anonymous
DanAtBrandt

Thank you for your comments.

I would tend to agree with you.  We need to buck up and shoulder the mess.  What good is a trillion dollars from the year 2050?  We are basically asking our children and our children's children to foot the bill for our selfishness.

I too must say no to the stimulus bill.

Feb 06, 2009 07:21 AM #2
Ambassador
1,894,289
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Rebecca, I am feeling more and more like you these days, where this stimulus bill with out of control dollars tagged to it doesn't look to hardly stimulate anything.

Feb 06, 2009 08:06 AM #3
Rainmaker
317,573
Liz Loadholt
Liz Loadholt- AgentOwned Realty- Covering SC - Mount Pleasant, SC
Realtor--Broker-in-charge - Trainer--Relocation Director Covering SC

Rebecca,

I have to agree with you, also. Thanks for bringing up the thought.

Momma Liz

Feb 06, 2009 08:27 AM #4
Rainmaker
176,539
Rebecca Levinson, Real Estate Marketing and Online Advertising Consultant
Real Skillz-Clear Marketing for Your Real Estate Vision - Lake Geneva, WI

Caron's Gateway- Thanks for listening.

DanAtBrandt- Glad to hear a kindred voice.

Gary- I've gotta ask, What did the first stimulus do?  We can't be too afraid to remember it did nothing.  Agreed, where is the stimulus.

Liz- Another kindred voice...nice to hear it Liz.

Feb 07, 2009 01:08 AM #5
Rainmaker
207,305
Pat Tasker
Shorewest Realtors - Germantown, WI
Your Milwaukee Metro Area Agent (WI)

What a difference of opinions on this topic!  I commented on a post yesterday or today that said we HAD TO GET THAT NEW BILL APPROVED...another person and myself said maybe it was TOO much Pork with some good stuff, and the comments came back with unbelievable hate! 

**"You need to put a lid on it Man! This is a real estate blog. If you can't see the good news in all of this then you probably should log off of Active Rain for the night. Why the negativity? I'll pay for the pork and fat because I'm a Realtor and maybe I might get it back ten-fold. Hey, maybe I might even buy a house or two. Chill!""

**"Yes, that is exactly the point. With the entire economy hinged on the housing market how can anybody find issue with this? - especially anybody in the real estate industry who has been in the front lines of the economic battlefields and dealing with a housing market that has almost come to a halt. The whole idea of this gives a glimmer of hope. If we can't see the positive in this, we need to get out of the real estate business. Nobody appreciates a Kill-joy Realtor."

How do you like those comments!  Wow, I thought I was caught spitting on the flag or something sacreligious!  I thought this was a forum for open discuss and differences of opinions!

I am glad to see your post Rebecca, and the support for the difference of opinion....Just how is all that  stuff going to get paid for?

Feb 07, 2009 01:12 PM #6
Rainmaker
176,539
Rebecca Levinson, Real Estate Marketing and Online Advertising Consultant
Real Skillz-Clear Marketing for Your Real Estate Vision - Lake Geneva, WI

Yikes Pat...some people can just not keep their emotion in check and you know, when we blog it is like conversation, so it can become heated.  Either you can disagree civily or you can start with the outright attacks.  You know...we meet all different types or observe all different types in life...face to face or on a blog it really can become the same.

I am glad my post offered a welcome difference of opinion..  If someone disagreed on here, but civily, I would be open to that as well:-)

Feb 07, 2009 01:50 PM #7
Ambassador
687,692
Ann Allen Hoover
RE/MAX Advantage South - Hoover, AL
CDPE SRES ASP e-PRO Realtor - Homes for Sale - AL

It is definitely an issue that sparks a lot of emotion.  Your opinion makes a lot of sense to me.

Feb 08, 2009 03:16 AM #8
Rainmaker
176,539
Rebecca Levinson, Real Estate Marketing and Online Advertising Consultant
Real Skillz-Clear Marketing for Your Real Estate Vision - Lake Geneva, WI

Ann- Thank you...now looking a few months down the road from this post....Where IS the money?

Jun 09, 2009 11:00 AM #9
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Rainmaker
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Rebecca Levinson, Real Estate Marketing and Online Advertising Consultant

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