Solomon’s Rejects

Who is this ‘king’ that the vote has last brought?
What are these rules that this fool has now wrought?
Who are you minions of his with these rules?
Why has all logic been abandoned to fools?

Why is the treasure of freedom now lost?
As you drunks spend our futures at any plan cost?
You idiot savants with IQ’s of 30
Who follow the “reds” and call profit dirty?

“We are your ‘leadership’ focused on jobs
We’ll hire all the rejected buffoons and the slobs.
They will all know that we are their kings
And help us as we develop new things.

There now – see – all of you huddling masses.
We got unemployed folks off of their asses.
We give them great jobs, and we pay them a lot.
And now we can add even more on the spot.

In fact we’ll hire more to run printing presses
We’ll start printing money for fixing our messes
Quick make us lists of available addresses
We’ll hire some folks who’re black and wear dresses.

Let’s fill up those places with paper for cash
We’ll get lots of green ink from trees in a flash
Professors of money schools need now to bless us
And silence that chorus who our folly confesses.

Call the Chinese who think that we’re in a squeeze.
Tell them its over – we’re not on our knees.
Instead we stand tall with our nose in the air
We don’t need their loans to cut our new share.

We’ve got new cash from our fresh minted stash
And we haven’t a clue what they mean by ‘a crash’
We’re in control as we tell all in the room
We’re progressive enough to redefine ‘boom’

(or maybe our mistake is we should have said ‘doom’…
But who wants to think about filling that tomb.)



Now our work has been special and wonderful too
We’ve created more good than did God with his zoo.
We’ve cured all our ills, and the Middle East mess
And now we can fix Europe and the world of the rest.

But first let’s get bankers and give them a shake
Everyone knows the Gold Sachs are not fake
In fact it is clear that those Jews on the take
Are the reason we have this money mistake.

Get them on their heels and our buds at the Fed
And our porn loving SEC gang now we’ve lead
Let’s get the media and put them on their head
And no one will notice how housing’s still dead.

We need to find us some other good news
Election’s are coming what else can we use?
How about dinner for the media we abuse
Before we define how we’ll turn up their screws.

How’s General Motors? Have they brought out the ‘Lada’?
Its time we delivered cars to the mass as we oughta
Get ‘em green motors and run ‘em on grass
We can’t use the oil up or burn natural gas

I hear electricity is now made with coal?
We can’t use that black stuff from out of a hole
They keep killing miners as they skip all the rules
Who are these owners anyway? - These “fools”!

Speaking of black and of night and whats right
Being as we’re black and this house still is white
Isn’t it time we show America who’s right?
Let’s paint the house black and redefine bright.

We are the Kings of the world’s newest order
We’ve saved all our country and well cross the border
Like housing for poor that we give when we try
We’ve now granted health to the poor as they die.

And of course like the housing who cares ‘bout the cost
Like every good deed that began for the lost
We have to remember our union friends first
Tis’ their votes and dollars that helped toss the worst.

And speaking of smart and bubbles we’ve burst
Another ‘beer summit’ could cure the world’s thirst
How bad is a drunk when we’re here with the worst
Axelrod, Geithner, and Bernanke were first

So let’s all get drunk and then mention taxes
The prolific rhetoric intoxicates masses
Hopefully they won’t think to bring or swing axes
Or try to swing votes of those key middle classes.

Call Harry and Nancy up from the hill
Have them and their minions over for swill
Let’s talk about taxes on energy too
Cap and Trade’s tops for the next dropping shoe….”

Ok you cannibals who eat all our young
And leave them lying their deep in your dung
Why do you claim that you are so smart?
When you’re thoughts are mere vapors akin to a fart?

I know the reason, but tis’ illegal to tell.
My telling the truth is the first step to hell.
My mind may be bursting with facts yet to yell,
But I’ll hold them in and let my brain swell.

Ok you masses who voted them in.
You get the blame for creating this din.
You are the fools who couldn’t care less
Except to run from the ‘right’ and all of their mess..

But what have you bought with the money you wasted
With your ignorant votes our freedom you basted
Was this special thinking that we have all tasted
The goal of your voting as the right you lambasted?

Is not the problem of “how they got there”
Due to your share of the lack of ‘vote care’
To see what experience and knowledge they share
When choosing who deserves to be sitting up there?

-- -- --

November is coming; please do us all right
Learn what you’re doing before joining the fight
Know all the people you choose to support
Or do us a favor and find a new sport.

We can’t afford fools at the polls anymore
No more than we can the fools in the store,
We’ve fallen off mountains, and we’re now at the shore
And we’re soon to be drowned lest we stop any more.

To the right or the left I cannot say which,
But we certainly must turn lest we fall in the ditch
A business professional is best able to pitch
O’er a self served socialist like ‘Pelosi the “bitch”’.

And who needs another lawyer in the senate or house
To serve lawyers interests like a ‘greed-burdened louse’.
We’ll never get torts reformed with these pigs
Padding their pensions and new lobby gigs.

So if you’re willing to admit you we’re part of the vote
That brought us the current field full of goats
Of having your brain up your butt their so dark
With the mental momentum of a car locked in park,

I have a solution for your cranial rectumitis
That might not this time come back to bite us
Plan in advance that you will learn about all
Of the candidates that are willing to run now this fall

Think about how people you know are quite smart
What about their abilities really sets them apart?
Do they know about history and the world of the past?
Do they know economics and solutions that last?

Do they own their own business and actually create work?
Do they know what they like, and know Obama’s a jerk?
Do they see what is wrong and know God is all right?
Do they look at the world in this same kind of light?

Maybe you ought to ask if they’ll run;
If they couldn’t do better than Kenya’s lost son.
Maybe you are the one who’d do us the best
Who knows how to revive what was killed by the rest.

We need some new thinking that knows all the old,
That knows how to play cards, and what decks to fold.
That knows that most unions have outlived their day,
Like black civil rights laws - now over played.

We need fresh people that are willing to serve
And serve the tough love that we really deserve.
We need a new approach to managing money
That doesn’t need Euros and Yen to be funny.

Please think about what you can offer to do
If you can’t run or won’t run, please think it through.
Then find the right people and lend them your shoe
You know, and I know, what I say here is true.

People that think are the people to vote
Distract all the rest, send them off in a boat
Don’t let them kill all our hope with a gloat
As they pick their best idiot by TV remote.

Please give a damn and please give a care
Take this ‘lil thought and give it a share
I am sure you must have some friends over there
Who could use this reminder they ought be aware.

Thank you for caring!

Defining The New Real Estate Lows

So being the real estate watcher I have been for the last 30 years - many of which I spent as a Real Estate Agent, Broker, Property Manager and Landlord, I have always prided myself on having a fairly educated knowledge of the market, its factors, and the influences on it. As such, I have often 'bet the farm' on my predictions and had more success than failure through the years - until now.

Last year, I came to the conclusion that the residential real estate market must be nearing the bottom of its value trough to a low end plateau based on months of relatively stabilized prices, a fair number of sales, and my own observations of what I have come to since realize has been one of the more solid real estate markets in the country in the Charleston SC area.

However, as I have dug into the numbers, and studied the trends more closely, some very disturbing factors continue to gel in my assessment, and as such, I have developed new insights.

This real estate market both residentially and commercially is about to tank to unimaginable lows in the next two years for a variety of reasons - none of which lends an ounce of optimistic upside.

These include:

1. Over 70% of all purchases in the last year in markets across the nation are by first time buyers taking advantage of government incentives with starter level homes. The rest have almost all been sellers of these homes 'stealing' foreclosures at approximately 60-70% of market highs, and at less than the mortgage value was on them as little as two years ago. Most of these potential buyers have already bought, and this market is drying up.

2. The next group of buyers (a very small group) has been the speculative cash buyers. These are the people who had pockets full of cash, and like I thought the market had stabilized, and as such ran out and bought up more of these 'stealable bargain' houses for cash. Banks don't lend to speculators, so these people have been blowing their wad gambling that the housing market is coming back, or that they can rent these homes at a profit, and make a buck either way. These people are quickly disappearing and most have already blown their cash. This market is also now drying up.

3. The California market that always seems to be a year or two ahead of the rest of the American market is in a commercial real estate tailspin, which is destroying the state economically, as well as psychologically. It is also destroying the residential market as all the effects of neighboring empty properties take their toll on adjacent, and then all real estate. This market is out of control.

4. The American economy which is on government aid, is about to take another major decline as the US Government increasingly loses favor with the rest of the world including its two biggest benefactors - China and Europe. It is also losing favor with the American people as ALL major by-elections in the last 6 months have gone against the leadership - primarily over major spending policies, and as such, the only politically viable position is going to be to spend less to curry political favor, or to spend more to keep buying off the economic decline. There is no right answer, and the net result will be inaction. This is a major change from last years cash injections, and as such, the real effects of economic deterioration are about to take their true effect. While the FDIC closed 140 banks last year, it is almost certainly going to shutter over 200 or more this year, and every banker knows that this is no time to be giving away, (or even lending) the only life source that will be available when the government aid dries up. As such there is no lending going on, and that is the most fundamental factor in supporting real estate values.

5. Recent efforts by mortgage professionals demonstrates that even the best credit scores in America can no longer borrow enough money to close a real estate investment of any sort unless it comes with government backing, and a massive amount of equity. This of course limits buyers potential to buy to very small amounts of real estate -even if they are in a position to buy anything. The real result of easy credit was the ability to leverage a lot of property with very little cash. The opposite is now true such that even the most solid and liquid of investors can still buy almost nothing. The credit market is an increasing disaster.

6. And in the face of all of this chaos, prognosticators are nervously playing their cards ever closer to their chests - hoping to hide the impending doom, while bankers and lenders are saving every dollar they have to save them as long as possible as they go into what they know are going to be the worst two years in American economic history.

7. The foreclosure trend statistics are the most biting factor in the future of real estate as we contend with what was the most aggressive two years in lending prior to the crash - wherein five year ARM mortgages were issued like candy to people that were absolutely incapable of affording what they bought, and the lions share of these mortgages are coming up for renewal between now and the summer of 2012. Every evidence from their predecessors over the last two years - generated in the years 2003 through to 2005 have demonstrated an ever growing default rate generated by increased interest rates, combined with widespread unemployment and a quickly falling average credit score - making it impossible for these homeowners to renew - even if they now have the income to support the new mortgage. The net result is disaster.

If you don't believe it, you go ahead and support the monkey and his minions. They have their heads so far up their asses, they are now effectively color blind. There is no color in blackness, and Oblacka is so clueless, he wouldn't know where to spend the next dollar if he really had one. He doesn't though - he only has yours.

Grab your ankles folks - its coming!

Listening To The Idiots

Interesting dichotomy between the rhetoric and the reality when tyring to take my wife to dinner last evening, and listening on the news how the great fool the masses bought as our President last fall has now proudly announced that "The Stimulus is Working! The Stimulus Is Working!"

Well finally, I would say as I think to myself - I should damn well hope so! We gave away the complete economic farm, Rome has been burning since 2007, and all the newest Washingon buffoons can do is throw 50 times as many dollar bills and American industry onto the fire, while they and their banker buddies roast marshmallows around the edge.

I should hope the 14 Trillion dollar freaking stimulus IS working. Otherwise whats the thinking? The truth is their is no thinking. Their is an agenda. Damn the torpedoes, damn the Americans, and frankly damn the Chinese too.We've got an agenda to get passed and Squirelly, Harry and BO - the three stooges are going to get the damn thing passed come hell or NO water.

Well my dear wife and I finally arrived at our planned restaurant destination only to find it closed - weeds growing in the parking lot, all the signs gone except the one on the door - "This Restaurant now closed" - Thanks for your patronage throughout the year. Geez, this is the second of my favorite area restaurants (that had both been around for many years) gone in the last short while. So we agreed on another nearby restaurant. We arrived and selected from the menu - not missing the fact that every entree price had jumped by at least a dollar or two since the last time we had been here less than a year ago. We looked around - the staff was all new - not only new to us, but clearly new to their jobs - nobody knew what they were doing. And we looked around the restaurant more - the place was 70% empty at 6:30 pm on an average weeknight! What the heck is going on?

Well its pretty obvious what is really going on. The stimulus isn't working a bit for small business. It isn't working for the people that patronize small business, and it isn't working for job seekers or even the Chinese government. What is working is the lying Washington BS machine - generating its recently common crap that is pumped out by its paid best friends in the main stream media.

I do like to know what all sides are thinking, but with media like this, how can I ever find out what MY side is thinking.

The marshmallows are in the kitchen cupboard - grab a stick and help yourself!!

There should be some lovely glowing embers soon.