[Homestead] An International Analysis of the Credit Debacle

Lynda lurine at softcom.net
Sun Oct 7 18:23:29 EDT 2007


What????  You can't eat dust?  Drive a vehicle with dust?

Personally, I think what the Smithsonian has in its back halls isn't boxes
and boxes of historical items in storage.  What I think they really have is
a  cold storage unit where politicians put their commom sense and logic
until they leave office!

Or, perhaps what we have is the glorious end result of OBE!

Lynda
----- Original Message ----- 
From: <Clansgian at wmconnect.com>>
>
>> Ethenol is like busy work.
>
>
> OK.  That's rather handily put.  A couple of days ago the head of the FDIC
> said the solution to the housing bubble and debt crisis was for mortgage
> holders
> to simply keep the loans at their teaser rates (1% to 2%) and convert it
> to a
> 30 year fixed mortgage at those rates.  Whaaa?  Can't these people do
> arithmetic??  It seems like everyone at the helm now making important
> decisions is an
> imbecil.  I keep hearing all the new crop of presidential candidates
> chanting
> 'Ethanol, ethanol, ethanol ..."  Whether they are that ignorant or that
> corrupt or both and then some is little odds.
>
> Energy-wise ethanol is indeed busy work.  But in another way it is far
> more
> destructive.  If we simply burned the petrol in our cars, we'd still have
> some
> topsoil and water with which to grow food, even if we had to do it by less
> mechanical means.  The way it is going we are going to end up out of gas
> and food
> at the same time.   </HTML>
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