Just kidding.

Actually, I even pretty much agree with your corrections to my original post. I should have been more clear about the Fed rate cut and FHA loan expansion instead of just mentioning them in passing. I should have pointed out that they may help some subprime borrowers convert to FHA loans or maintain a lower ARM, thus helping that situation a little, but as both yourself and Vince pointed out, they will most likely harm the economy overall.

This fake stimulus package is all based on what I call the pols desire for a painless economy, which is impossible after so many decades of irresponsible american fiscal behavior, led by, of course, the pols. Too bad we are probably going to elect big government tax and spend Democrats to make it all ten times worse. Batten down the hatches, america. The storm is approaching.

1. FDR's misguided economic policies prolonged the Depression which didn't really end until the U.S. entered WWII.

2. FDR's National Recover Administration (NRA), the one whose symbol was a Nazi-like Blue Eagle and was lead by General Hugh "Iron Pants" Johnson, was thoroughly fascist in nature — so much so that both Hitler and Mussolini raved about it. What happened to the NRA? Fortuantly, it was declared unconstitutional by the U.S. Supreme Court.

And speaking of Roosevelt's National Recovery Administration (NRA), in the 1930's, the black press dubbed it the "Negro Run Around" and "Negroes Robbed Again" because of its racist nature. Again, it seems wherever you scratch the surface of the Dims, you find racism; it must go back to their days as slave owners.

3. But Roosevelt's New Deal wasn't original in its fasism. No, Woodrow Wilson's WWI and post war domestic policies were. Here, FDR was only trying to recreate what Wilson had enacted under the crisis of war.

I said mostly.

King says: "It's true that the fed just slashed the interest rate by 3/4 percent. That should help some. There is also a provision in the economic stimulus package to expand the ceiling for FHA loans, allowing more subprime loan holders to refinance. That should help a little."

Slashing the FED rate while inflation is on the rise is totally irresponsible…..but then…..we're talking about the FED here.

The lifting of the debt ceiling for what FHA mortgages can be is a TOTAL MISTAKE. They are raising it from a ceiling of $417,000 to some $700,000 plus. The purpose is to bail out the speculators who were trying to enrich themselves on some easy real estate money.

I'm totally against this FHA bailout of gamblers.

Ghost: …."do they really want to precipitate an economic crisis so as to use the hysteria to grab more power for government and institute fascism to America …. like FDR did in the Great Depression?"

Are you saying that FDR instituted fascism in the 30's and 40's? Is that what you call FDIC, the WPA and the other programs that helped save the masses of Americans from utter poverty?

Exactly, my man.

The stimulus package coupled with the sharp cut in interest rates by the Fed means 1) increased debt, 2) more inflation, and 3) a further devaluation of the dollar.

Oh sure, these actions will give some very minor & temporary relief to the middle class. They will also enable some sharpies to make a pile of money. But they will not do nothing to address the deep, structural problems in our economy & society. Rather, they will aggravate them.

Oh. I almost forgot. The stimulus package has another advantage. It will show the rubes that the pols really care about them, and this means votes.

The irresponsible game that is being played in Washington by both parties is to kick the problem down the road, leaving others to address it at a later date. Who are these "others?" Why, if they are not us, then they are certain to be our children.

But who can blame the politicians? This behavior of denial is exactly what we the people demand. You can tell this from 1) our own personal habits (we don't save, we spend; we don't delay gratification, we have to have it now) and 2) the type of squanderers we continually elect to represent us in DC.

This has been going on for many, many years. And each time the day of reckoning gets postponed, the eventual price that has to be paid increases.

As da King noted, the government has each family in the U.S on the hook for about $440,000 in outright debt and unfunded liabilities. [I've read/heard of much larger estimates. But what the heck? Once the numbers get this large, they become sureal anyway.]

In such an environment, you have to wonder what is the true agenda of politicians like Comrade Clinton and B. Hussein Obama who are currently calling for massive new spending and entitlement programs. Are they truly that stupid? Or, do they really want to precipitate an economic crisis so as to use the hysteria to grab more power for government and institute fascism to America …. like FDR did in the Great Depression? I don't know.

In any event, here's a tip. When you get you stimulus check — whenever that might be — use it to either 1) buy gold or 2) pay down your debt.