My son turns on the cartoons and there’s an ad for DiTech (GMAC) offering 125% financing (true cartoon thinking). What ever happened to the ads for toys and cereals? I turn to Bloomberg and there’s an ad from Countrywide to refinance at no cost to me. No cost means that they tack 10% onto the loan amount. It might not even be visible if you have paid 10 years on your present loan and refinanced. You start out again at 30 years with lower payments. The guy that writes these loans is often nicknamed “Slick.”
I get on the road to go to work and you hear on the radio about “Get out of bankruptcy dot com.” Or another one, “We will save you thousands on what you owe the IRS.” Where do you get the money to pay the lawyers to get you out of debt?
Then there is the movement to help these struggling home borrowers to escape the clutches of foreclosure (AKA the carrot on the stick solution). Give ‘em hope, but for god’s sake get a payment out of them! (And you thought your banker really cares)
The IRS is now accepting credit cards to pay tax bills (I think there is a 5% fee added on). Is this a new convenience thing? Or has the credit card industry taken another stupidity pill? Since real estate eliminated the “Fog a Mirror” test, the credit card companies have come out with a simpler test called “Lick the Envelope Stupid and Mail It in.”
Then you have a president that gets caught with his pants down, and the next thing you know his wife is a congressman threatening to run for President. Sounds to me like the lead levels are getting a little too high in the drinking water for that state.
The press says the president’s popularity is down to 25%. Sounds horrible, but if you figured only 60 % of people even voted, and he won with about 43% of the vote, that comes out to 25%. I must be missing something here?
Ex President Carter spoke up the other day deriding President Bush’s administration as being one of the worst on record. I have yet to find anyone who will admit to having voted for Carter. Everyone still remembers his brother taking a piss on Pee for View.
The rather odd thing about President Bush’s administration is that the Democrats want to blame everything on him. It’s kind of like one of those old Paul Bunyan tales in reverse. Or is it our Congress confirming indirectly that they really do nothing up there on the Hill? If they are so good at solving all our problems, then what have they been doing for the last 200 years?
When you really examine politics, if two thirds of the Congress could get together and agree on what they want to do, the president could play golf all day or clintonize a secretary or two.
So let’s predict the next presidential election (tongue in cheek). I predict that Bill Clinton will be the Republican Nominee for President, with Arnold Schwarzenegger as Vice President. Hillary Clinton will be running on the Democratic ticket with a Vice President candidate that is black, Hispanic, Jewish and gay. Bill Clinton will win the election. Hillary will shoot Bill and President Arnold will pardon Hillary. Talk about a happy ending! Sir Arnold, a Knight from the Kingdom of Kalifornia, will save us!
***** Warning****fractured fairy tale**** Warning*****
Footnote: You have to be born in this country to run for President; the Vice President is not restricted in that respect. Arnold cannot run for President since he was born in Austria, but he can run for Vice President. In this scenario he could become President.*
*For you history buffs, it looks like the 12th amendment closed that loophole. Vice President also has to be born in this country. So, Bill is safe for now, but isn't Dick Cheney looking for a new hunting partner? (I'd better be careful here, I think we are talking about two different types of "quail")