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Obama & a New Real Estate Industry
On Friday, November 7, 2008, flanked by some of the most prominent names in the economic and business world, President elect Barack Obama held his first press conference. The central topics, the nation’s economy and of course, the “first mutt.” We will blog about the mutt later…for now, more serious stuff looms. The Obama news conference was followed this morning, Saturday,... [Read more]
Voting Influences Outcomes
We are on the cusp of perhaps the most significant Presidential election in our lifetime. Since the launch of www.iVoteAmerica.com and its endorsement by REALonomics, we have been discovering that real estate professionals fall into two basic political camps. The first camp’s position seems to be “I don’t do politics as a real estate professional, it’s personal and I don’t... [Read more]
Greenspan Admits “Mistake” calls the Credit Crisis a 100 Year “Tsunami”
REALonomics has roughed up Alan Greenspan over his support of the concept of subprime lending and his denial of any contribution to the collapse of the credit markets. See the post. It looks like Mr. Greenspan has finally started to step up to the plate with acknowledgements that his thinking was less that stellar. Today, in a hearing before the House Oversight Committee Greenspan finally acknowledge,... [Read more]
Bush to Federalize Nine Major Banks
Syndicated from iVoteAmerica Well, by George, he’s given new meaning to “compassionate conservative” by federalizing the banking and capital systems on his way out of office! Don’t let the swinging door slap you backside on your way back to Crawford, Mr. President. According to the Bush Banking proposal, nine major banks have accepted the notion of partial government partnership.... [Read more]
Government Interference has Harmed American Real Estate Wealth
EDITORIAL REALonomics urged the real estate industry to reject the $700,000,000,000 government bailout program. The National Association of Realtors (NAR) took the opposite position and even launched a national public relations campaign designed to convince us, the members, to support something that historically we have never supported, government interference in the private sector free market. Well,... [Read more]