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Wednesday, June 03, 2009
Roger Schlesinger :: Townhall.com Columnist
Saving the Buggy Whip Industry
by Roger Schlesinger
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Was the Copenhagen Global Warming Summit Walk-Out a Win for the U.S.?


Now that I have covered the easy stuff, what in the world are we going to do with the gas stations? Now that we are going green, what about the green we are going to need to take care of the problem they present? Sure, they sit on great real estate, prime corners on major streets and boulevards, but that's the good news. The underground tanks certainly spoil the party. Have you any idea what you have to do to the land where a gas station existed? Are there enough prisoners in our jails to dig up all the land (dirt) and replace it with clean, uncontaminated dirt? Do we have enough of the clean dirt (oxymoron) to go around or are we faced with another land grab, not for the awful black gold, but for the actual dirt exchange? No country with any backbone is going to swap our dirt for theirs. We are lucky they are buying our bonds!

Now that bonds have been brought up, it is highly appropriate we discuss them because all that is being done in the name of (multiple choice) progress, solving the recession or bettering the country, really depends on whether we can sell the bonds (see above) at a reasonable rate to our allies. Allies is not a euphemism for Chinese. Sure, we could sell them for a higher rate, but being that the entire financial universe is ruled, rate wise, by the interest rates on these bonds, it isn't in our best interest to pay higher interest at this time.

Freely translated, the house of cards could topple!

Getting to the bottom line, as they say in most business circles, the $50 billion going to the old General Motors, NE: Government Motors, can simply collapse the shaky improvement in this economy by increasing the interest rates on the treasury notes and bonds, which would increase the interest rates on the mortgage backed bonds, which would raise home mortgage interest, slow sales of new and existing homes, and without missing a beat, send this economy into a new tailspin.

Maybe, just maybe, since we let so many other worthy candidates for redemption from the ravages of the business cycle be, perhaps we should have let this particular entity "go it alone." After all, 50 years of poor design and construction is an enviable record that shouldn't be tarnished with a few mediocre years before total failure. I am not the lead man for these decisions, but why would we risk a return to sensibility in the real estate market, which shows signs of happening, which could be the bedrock of the future vibrant economy for these sorrowful companies. I think the answer might be the plural of the opposite of the confederacy.

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About The Author

Roger Schlesinger's Mortgage Minute is heard on hundreds of radio stations and daily on the Hugh Hewitt radio show and Michael Medved shows. Roger interacts with his hosts and explores the complicated financial markets in order to enlighten his listeners and direct them along their own unique road to financial freedom.

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Here's the way to stop the parasite
Basically get local and national businesses to write a petition telling Obama and Congress they will go to another country or not hire more workers if he increases taxes and doesn't cut the budget. Parasites need to feed off of something.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aAKluP7 yIwJY

About Trains
Once upon a time, a train was the fastest form of transportation with safety and reliability. Of course the trains were competing with horse drawn vehicles.

Today trains are the second fastest way to get from here to there. What is faster? Everything else.

Could they be made better? Of course they could. The trouble is that you have to get people to use them. Even the local metras have to sell tickets at below cost to get the riders to use them.

I have heard a lot of people shill for the trains, but when asked about their use of them reply - I would but...

BTW they still make buggy whips.
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