BOOMERBUSTER

BOOMERBUSTER
OLD CELLO

Friday, October 8, 2010

RE THE END OF THE TUNNEL

It should not be a big surprise, but many Americans feel more strongly about so called 'property rights', and blindly oppose all government projects, even those like this, which deprive few if any of their house or office,

even as they are generally being divested of their central one, their homes in many cases, en masse, by even bigger 'property rights' (oligopolistic creditors' rights) right now, than one would otherwise suppose.

It's a constitutional thing.


Also, an indoctrination thing. Americans are rabid about abstract things like property rights because of propaganda designed to limit the effectiveness of government to govern.

They have been wilder about the property rights issue, in context, that really took off after Kelo, crippling all public projects,

than they are now about the much bigger badder fact that crooked and negligent private banks and Fannie and Freddie pumped up the mortgage market then caused it to pop on millions of home owners (but also a lot of 'property rights' speculators, now with creditor property rights egg on their dirty faces), losing their properties to the big property rights, the creditor banks, the same entities which were bailed out by All Americans just at the same time.

A lot of other aspects of the national commonwealth turn out to be more critical than just isolated 'property rights' home ownership:

having a job to pay a large, long, traditionally expensive, mortgage, over decades has generally been necessary.

Although rates are at historic lows now, surprisingly few 'property rights Americans' have been 'stepping up to the plate' lately, or are likely ever again to do so, as their sources of income are increasingly drained away abroad.

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