Sell the horses. Sell the cows. Sell 'em all. Sell 'em now.

[wombat_socho]

This morning-after political crap is worse than crack, I tell you, and there doesn't seem to be any escaping it in the blogosphere or on LJ. (I know, I'm not helping.)

There are a lot of people out there echoing what Congressman Mike Pence is saying - the Democrats didn't win this race, the GOP lost it by not doing its damn job, what people elected us to do. Economist John Seater goes into specifics over at Donald Luskin's blog, and David Strom of the Taxpayers' League puts a local spin on the national failure of the GOP. Some good people got thrown out along with the bums, but as the proverb says, lie down with dogs, get up with fleas...and as we all know from history, some fleas do more than just suck your blood.

Comments

[wombat-socho.livejournal.com]

Well, now that W and the Democrats are going to amnesty every illegal alien that doesn't show up with a bomb or a gun, I think the housing market's going to reinflate, but that's just my opinion. As far as it being a bubble now, don't make me laugh. The Dot-Bomb bubble, now that was a bubble. Millions of dollars vaporized, thousands thrown out of work, companies collapsing like houses of cards because there was really nothing holding them up but hype. Houses may drop in value, and a lot of people who are overextended may take it in the shorts, but I don't have a lot of sympathy for those people - if you were dumb enough to buy a house with an ARM because you thought interest rates were going to be flat forever, you deserve the rewards of your stupidity. (I admit to refinancing my old house with an ARM, but I knew I was going to sell it before the initial rate expired. Different story.) The houses will still be there, they'll still be worth something, and people will probably buy them at the lower price. It won't be like pets.com and their orphaned sock puppet.