patrick.net

as long as you are taking feedback:

Please please do NOT make your site like the Irvine housing blog: Distracting pictures, cartoons, mixed with dumb lyric/poems, and videos. It makes the articles absolutely impossible to read and most of them are not funny and terribly corny.

I'm sure the author have some really insightful things to day, but everytime I click on the link, I can't bare to finish the article.

I'm fairly right leaning. I think Patrick hits the nail on the head... over and over again. We love you Patrick!

underwaterman says

There is a website I use already for this:

http://dollarcollapse.com

Thanks. Seems to have a slant and possibly a little more exaggeration than I'd like, but otherwise it does seem like the old patrick.net oriented to the U.S. Dollar rather than real estate. Now I just need sites covering the other topics I listed above. Ideally, they'd have facts that the MSM isn't covering, with occasional reasoned argument.

Fabian socialism comes from the Fabian society that helped create the labor party in the UK after WW 1
http://en.wikipedia.org/wiki/Fabian_Society

Personally I find that it is hard to detach any argument that talks about the economy without eventually talking about politics (and vice versa)

I can disagree with someone but I'm mature enough to agree to disagree. Sometimes there can be discussions where agreements are made between those that otherwise would be at each others necks.

For a number of years I was (kinda still am) on one board and I argued with this socialist. We both agreed that the EU would fail...that was around 2002. we didn't know at the time how correct we were.

Dan makes a good point in that it is generally accepted we had a housing bubble and it burst (granted everyone here knew beforehand)

CL says

If we could have a magic fairy wand that produces revenue without taxation, the Democrats would support that as well (if for not other reason, to secure their place with wealthy donors)

Technically there is...just deficit spending. If government spending was only dependent on tax revenue (and thus the federal must tax and spend like states and local governments) then a deficit wouldn't logically exist. If there was a gold standard then a debt ceiling is not able to exist.

the ultimate problem I see with taxes is this...who exactly has to pay?

Sales taxes are regressive and hurt more of the poor. But those can be avoided by shopping online. There are ways around needing a credit card/debit to shop online. Coinstar allows the purchase of gift certificates and there are many merchants that sell gift cards in stores which you can buy with cash. Taxes on specific items can lead to underground markets for them. NYC has the highest taxes on tobacco and it is more profitable to smuggle in than narcotics!

Income taxes are progressive which means you pay a higher percentage (granted it is marginal) than those that make less. But eventually with wealth you cross a rubicon and money starts to work for you (investments). So income taxes really do not make a difference. Capital gains taxes are the larger aspect but even then if someone has "enough" then they don't have to sell their investments or work. We do not have a direct tax on wealth except the estate taxes but those can be avoided with estate planning.

Meanwhile with companies they can simply not must move but incorporate in other countries so that makes it much harder to tax them or at least their income. When the DoJ went after microsoft in the late 90's there were rumors they'd just drive up to Vancouver (just a few hours on I-5N anyway)

Those on the left want government to provide goods/services to people because they feel if the market does not provide that people are missing things that are needed say healthcare and shelter etc. But the problem with this is that if such things are provided it can create a system of dependency. When Clinton changed welfare there were those that were against it but they never specifically stated when someone should get off of it.

On the right they support various subsidies that frankly have little payoff. If a business cannot survive on their own then it should frankly just close or get bought out. Ethanol from corn does not make real sense.

Meanwhile government has largely replaced religions and families as a support system.

If we had more of a closed environment then I think liberals might have a better chance but it is hard to argue for them now.Technology and globalization I believe have eroded many of their arguments.

There is a more cynical view which frankly just looks at the battle and not the end results. Simple Hegelian dialectic would show that tension would tend to build bases from the conflict and from there you have support. The less difference someone has with another in office the less of a reason to vote for them.

mdovell says

Technically there is...just deficit spending. If government spending was only dependent on tax revenue (and thus the federal must tax and spend like states and local governments) then a deficit wouldn't logically exist.

But nobody on what passes for "the left" in America thinks that deficit spending pays for itself, yet as far as I can tell, the entire right, without exception, believes that tax cuts do.

The left is acknowledging that things are not good, and that our choices are between bad and worse. The right believes that if we only recede more, the recession solve itself.

Further, the attack abortion rights, unions, environmental laws, promote corporations as people, money-as-speech political contributions, etc.

Rationally, unless one is a willing pawn, these items have very little to do with healing a broken economy, but are simply a right-wing wishlist masquerading as such.

It's okay to have a different philosophy, but one must call bullshit on their own party when the party practices bullshit, n'est-ce pas?

Patrick and his website have made and saved me much $money$ in helping me make my own informed Real Estate decisions. Instead of being an 'upside down' statistic, let's just say I am much better off. Thanks Patrick!

CL says

But nobody on what passes for "the left" in America thinks that deficit spending pays for itself, yet as far as I can tell, the entire right, without exception, believes that tax cuts do.

The Repubilcans for the past 30 years have believed that deficit spending is good.

Bap33 says

what is your derogatory expression

Why is Teabagger derogatory? The people within the movement referred to it as a Tea Bag movement first. It sounds like you are the one putting a derogatory connotation on it, not me. Overcompensating much?

Tim Chesterson says

This post will be sure to either be banned outright, or vehemently attacked for telling the truth. The Fabian socialists believe that the ends justify the means -- lying, ridicule, and manipulation are typical methods to achieve what they believe are truly worthy goals.

An ignorant first-time poster is insulting people on this site with no facts or evidence? Shocker -- it happens all the time. Not worth responding to -- it's pretty obvious that this site is overall anti-bankster. We now know who the manipulator is, and his name is Tim.

Tim Chesterson says

The Fabian socialists believe that the ends justify the means -- lying, ridicule,

He predicted you'd ridicule him! Nostradamus!

You are wondering who was/is Fabian I bet.

Fabian is still singing "Turn Me Loose" and "Tiger" and other hits he had back in the '50s, but in county fairs and nostalgia venues. Just thought I'd mention this to the younger folks who don't remember Fabian.

Yes, he was very politically active, and his leftist writings were responsible for him being called a "Fabian Socialist." He, like Bob Dylan, is now apolitical, having given up on changing the world.

Bap33 says

Oh, by the way, you have my join date as sometime in '09. I humble suggest I was here long before that, with HARM and Surfer and PeterP and folks like that ..... way back on the old site from long ago. Not sure what year that was. I know it was way before the peak. Anyways, I was just wondering if my veteran status could be checked into.

OK, it's set back to 2006. At some point I deleted your account when you were less polite. The date was then when you re-joined.

Dan8267 says

Yeah, a man who doesn't want a girlfriend. Seriously, that chair has to be chick repellant.

Exactly.

Serpentor says

Please please do NOT make your site like the Irvine housing blog: Distracting pictures, cartoons, mixed with dumb lyric/poems, and videos. It makes the articles absolutely impossible to read and most of them are not funny and terribly corny.
I'm sure the author have some really insightful things to day, but everytime I click on the link, I can't bare to finish the article.

Oh, amen. All that gunk! HARD to read even if it is interesting. I have all these thoughts about that. Is that person a really smart person who is having a mental break down? An adult in a teenager's body? Why have my "favorite song" mixed in? One cartoon, fine. But four or more mixed into the article, bletch! It is like the articles are written on the post-it notes of a very smart mad-man stuck to the walls of his shanty house. Good content, with VERY problematic presentation on that site. His bounce rate has to be very, very high.

CL says

But nobody on what passes for "the left" in America thinks that deficit spending pays for itself, yet as far as I can tell, the entire right, without exception, believes that tax cuts do.

The left is acknowledging that things are not good, and that our choices are between bad and worse. The right believes that if we only recede more, the recession solve itself.

Further, the attack abortion rights, unions, environmental laws, promote corporations as people, money-as-speech political contributions, etc.

Rationally, unless one is a willing pawn, these items have very little to do with healing a broken economy, but are simply a right-wing wishlist masquerading as such.

It's okay to have a different philosophy, but one must call bullshit on their own party when the party practices bullshit, n'est-ce pas?

Some might argue that deficit spending pays for itself..Paul Krugman would come to mind. He is now saying it is like 1937 when FDR pulled back.

Unions and corporations are in the same bag. The whole citizens united conclusion gave companies and unions the same basic freedom of speech rules. I'm not anti union but some of their logic just does not work. Verizon went on strike for two weeks this past summer. They went back to work but didn't gain anything..so why go on strike? Certainly it can be said that companies have power but unions can as well. If a union votes to go on strike and you are a member you pretty much have to do what they say.

There are issues that have generally been dropped by parties. I'd say that outside of Chicago most democrats have dropped gun control as an issue. They cannot really win votes for pushing for it...maybe in the 80's but not now. Eventually if we see more of a libertarian plank develop in the right we can see the same with abortion. Hopefully both parties will drop the concept of the war on drugs.

Sometimes people in power change stances. Ted Kennedy was actually prochoice prior to roe vs wade. He had to change his mind to get reelected.

....and, Patrick is back in his agenda form.

Just THREE out of 15 articles, have topics regarding real estate are posted today.

Bap33 says

Oh, by the way, you have my join date as sometime in '09. I humble suggest I was here long before that, with HARM and Surfer and PeterP and folks like that ..... way back on the old site from long ago. Not sure what year that was. I know it was way before the peak. Anyways, I was just wondering if my veteran status could be checked into.

OK, it's set back to 2006. At some point I deleted your account when you were less polite. The date was then when you re-joined.

Thanks.

LarryPatrickMaloney says

....and, Patrick is back in his agenda form.

Just THREE out of 15 articles, have topics regarding real estate are posted today.

Did you really think he's going to listen to you? Who the fuck are you?

Its a PRIVATE blog site, owned by an INDIVIDUAL.

HE can post what ever the fuck kind of news he wants.

If you want news that you like, there are plenty of other sites.

Say What? I am a Capitalist Pig and love this site. This is where I discovered Max Keiser and G.I.A.B.O. Global Insurrection Against Banker Occupation. There is NOTHING about REAL capitalism that supports fraud, theft, murder and war mongering. There is nothing about REAL capitalism that ONLY TAKES and never Gives back. Read Adam Smith; "An Inquiry into the Nature and Causes of the Wealth Of Nations" (1776)
The productivity of free exchange, Social order based on freedom, The psychology of ethics, Self-interest and VIRTUE AND NOT only profit.

"The Wealth Of Nations" is no endorsement of economic greed, as sometimes caricatured. Self-interest may drive the economy, but that is a force for GOOD – provided there is GENUINELY OPEN COMPETITION genuinely open competition and no coercion. And it is the poor that economic and social freedom benefits most.

Capitalism is about returns to society. "Selfishness" is not MURDER and MASS DESTRUCTION. Just because Cheney wanted more bucks for his Halliburton....tens of thousands are murdered by declaring war against Iraq for OIL.

That is NOT real capitalism...that's a war crime punished by death. Now the banks have the rights of humans.

When will we EXECUTE THE FIRST BANK for the murders it proudly commits?

LET'S GO AND G.I.A.B.O. STOP THE BANKSTER OCCUPATION.....! Drive them away...and send them back to the sewer with the other rats.

I removed "Real Estate News" as the label on the home page and elsewhere. Now it's just news with an emphasis on real estate.

Anyway, the real estate and politics are all of a piece. Being interested in how we got such a bubble let me to the politics of how money corrupts our laws in DC.

And everyone in the 99%, right, left, or other dimensions, should agree that corruption of our laws is a bad thing.

Being interested in how we got such a bubble let me to the politics of how money corrupts our laws in DC.

I was going to say real estate bubble leads to other things which are also equally important.

It is silly to think that real estate bubble occurred in isolation.

underwaterman says

Here's a clue to being civil: talk about the issue, not the persons character and leave out the inflammatory swearing, serves no purpose but to inflame.

Serpentor didn't attack LPM, he asked a question. Sure, he swore, but he actually asked Larry this same question 2 weeks ago - and Larry declined to answer. So he doubled up.

Welcome back again Larry! Didn't you swear you'd never read my site again several times now?
I'm flattered you think my super-leftist powers are capable of changing the world! If not, why keep protesting?

As Patrick pointed out in the past, this ain't your kiddie's site. Many of us have sworn, and it hasn't been a problem. I do feel bad that you are offended, but what can you expect from a guy whose icon says "GTFO?"

underwaterman says

if you can not be civil and discuss the issues in a reasonable manner you should go elsewhere to post your irrational attacks

That's what the Outside forum is for!

http://patrick.net/outside/

Swear as much as you want there, be uncivil and irrational, and have a great time.

Thanks underwaterman! That wouldn't be too hard to do. OK, it's on my list.

underwaterman says

Really, not an attack. Please. Stop for a moment a pretend I said this to you. Still not feel like an attack?

I still don't feel like it was a personal attack. Maybe I'm thicker skinned - having lived thru OTS, Shrek and the boys...

underwaterman says

Do I imply a want a kiddie discussion site? Really? How do you get that from wanting a civil forum site?

In the past Patrick has said that swearing was okay because it's not a child-oriented site - hence my statement that this is not a kiddie discussion site. I would go back over the multitudes of posts to find the exact quote, but - nah.

underwaterman says

Really? I'm not offended. I was feeling sorry for Larry that the guy was attacked so viciously for a simple remark

Again, there have been vicious attacks on this site and imho this one didn't even rate as an attack, much less a vicious one. But that's my opinion - and I don't speak for the masses.

underwaterman says

I do feel patronized by your remark however if you want to know what I am really feeling.

I have no control over the way that you feel. I certainly didn't mean to be patronizing, and sincerely felt a twang of sorrow that you were offended. However since you say that you weren't offended, your lack of offense is duly noted.

My expression of sorrowful compassion at your perception of the statement made by serpentor is hereby rescinded.

if nobody felt attacked then what the fuck is the problem.
Fuck. IF I wanted to attack someone, there wont be no question whether not I meant it.

This is how I fucking talk. If there are rules against swearing, I will fucking stop. but since there are not, I will continue to fucking swear.

elliemae says

OTS

Who is OTS?

Sometimes people refer to people from back in the day. Has anyone written a "Brief History of Patrick.net"?

mdovell says

Some might argue that deficit spending pays for itself..Paul Krugman would come to mind. He is now saying it is like 1937 when FDR pulled back.

I don't think any Keynesians say it pays for itself, but rather that it is the most affordable and only way to grow your way out of this. They aren't in love with the idea of borrowing, not like the right is on tax cuts. Krugman wouldn't ask for borrowing in good times, but there is no situation that can't be resolved, or improved by tax cuts for the opposition.

mdovell says

Sometimes people in power change stances. Ted Kennedy was actually prochoice prior to roe vs wade. He had to change his mind to get reelected.

Kennedy was pro-choice after Roe too. I assume you mean that he was personally opposed to abortion as a Catholic, and later became a staunch defender of a woman's right to choose.

This is, of course, a sticky point. I think many could be personally opposed to the practice, but believe firmly that in a free society that that decision should be between a woman and her doctor.

Much as the libertarian wing of the Republicans should be, and used to be, regarding gay rights and gays in the military. While they might be opposed to the practice, they recognize the inherent right of the other in society to have their own individual compass. Goldwater said, "You don't have to be straight to shoot straight"

At least, there used to be a belief that keeping the government out of my bedroom, or my doctor's office was good for everyone. When the Right took on water with the social conservatives, they adopted their authoritarian viewpoints, and abandoned that wing.

OTS = "On the Sidelines"

someone who started posting on the site pretending he was "waiting on the sidelines to buy" It was soon exposed that he was either a realtor or someone who was underwater. He managed to antagonize pretty much everyone from our favorite Ducky to Patrick

Did I threaten him? no. Did I call him names? no. End of discussion.

I'm from the fucking Bronx, this is how we fucking talk.

Larry stuck his nose in a privately run blog site and predicted its "doom" (one can consider that a threat). I have no idea why you are defending him.

Serpentor says

I'm from the fucking Bronx, this is how we fucking talk.

Reminds me of the 2 NYC jokes I know:

Q: How do you ask someone from NYC what time it is?
A: "Excuse me sir, can you tell me what time it is, or shall I go fuck myself?"

The Brooklyn Alphabet:
Fucking A... Fucking B... Fucking C... etc.

Sorry to derail, but I never resist the opportunity to insert a joke.

-ellie

Most importantly..

I'd rather be a TEA-bag than a FLEA-bag.

Big_Brain says

More people, in this country, are conservative than liberal because most people understand that liberalism is a mental disorder.

http://en.wikipedia.org/wiki/Diagnostic_and_Statistical_Manual_of_Mental_Disorders

I've searched, but can't find Liberalism. Maybe in the DMS-V, due out in 2013...

There can be strong differences between what a party says, what the local climate can be and what someone personally believes.

GHW Bush slammed Reagan calling his plans voodoo economics but then he was the vice president under him for eight years.

Gun control as an issue is largely associated with the left but might only be a selling point in local politics in Chicago and DC. In Vermont it won't get anyone anywhere (they have the most lax laws in the country).

There are various influences that are hard to ignore. The Daile's in Chicago, DuPont in Deleware, Mormons in Utah, oil in the Gulf Coast, P&G in Cinncinatti..heck the military in any town/city that hosts a base. Everything is a special interest as there is no general interest.

ahhh......politics. name calling and swearing. way to keep it civil and intelligent folks. for the record, and to the right wingers here, who seem to be terribly offended......remember, it's still a free country. leave the site, and don't come back. to the liberals who sunk to this level of "debate"....i don't understand why you get so worked up over conservative rhetoric. this nation is great because we all have the right to our beliefs and opinions. what sucks about that is that most of us have to bicker like children over those beliefs. for the record, this is patrick's site and he can run it how he'd like.....and the beauty of this nation is that if you think you can do better, then you can go run your own site. god bless all of you and have a fantastic day!!!!!

elliemae says

Serpentor says

I'm from the fucking Bronx, this is how we fucking talk.

Reminds me of the 2 NYC jokes I know:

Q: How do you ask someone from NYC what time it is?

A: "Excuse me sir, can you tell me what time it is, or shall I go fuck myself?"

The Brooklyn Alphabet:

Fucking A... Fucking B... Fucking C... etc.

Sorry to derail, but I never resist the opportunity to insert a joke.

I love a good joke too, so here's another on the same topic. Hopefully it can defuse all the political foodfighting going on, too.

How do you perform CPR in New York City?
"Get up! Get up! You want to fucking DIE?"

I love this thread.
folks left and right need to come to this site ready to admit that the folks f*cking them don't really give a shit about their politics. just keep paying and keep arguing.

debt is slavery. and the folks helping to put you there don't give a shit who you vote for or what news channel you watch.