LA Housing Crisis Over!

As Major Players Return to the Market... in the parking lot of the 99-Cent Store...

You might be an Obama Voter ...

...if this billboard makes sense to you.

Look. It isn't hard. You BORROWED the money. IT ISN'T YOUR MONEY. It's the lender's. And if you spend the money, whatever you spent it on is ALSO the lender's until you pay the money back as you AGREED to. That is how mortgages and loans WORK.

What part of this is difficult to understand?

Yet if you watch daytime television or listen to radio, you are bombarded with ads like the above, that suggest you are being victimized because the people who gave you money in good faith object to your welshing on your agreement. Most of these ads are from law firms and financial companies who specialize in whatever the latest financial hustle is, whether it's signing you up for credit cards you really don't qualify for or high-interest 'payday advance' loans or subprime mortgages you can't afford to pay back. Most of these ads these days openly use Obama's name to tell you that it's your 'right' to force your lender to write off some or all of the money you borrowed.

Now seriously, what do you think their incentive is to lend in the future? What do you think YOUR chances of getting financing are in the future when a lender pulls up your credit check and sees you took advantage of these 'services'? Makes you look like a reliable candidate for a loan, doesn't it?

Obama Appoints New GM CEO!

From the WH press release:

Sidona Arizona native Mitzi "Uhuru" Goldfarb-Bennington has a Masters Degree in Crafts from the Cornell College of Agriculture and Life Sciences. As a distinguished Cornell graduate, like her contemporary Keith Olbermann, Mitzi will bring a fresh, sophisticated vision to the outdated model of running a major international automobile company.

Mitzi comes to us from a successful managerial career as the self-publisher of Terror for Tots, a primer on the horrors of Abu Ghraib at the hands of George Bush for the K-3 age group, and organizer of the PETA campaign to prevent the extermination of the endangered Norwegian Rat in six major American cities.

Ms. Goldfarb-Bennington is looking forward to her role as leader of this country's largest automobile maker. "My father tried to give me a Chevy Vega for my 16th birthday," Mitzi says. "And that's just not something you forget."

Mitzi plans to shift the GM lines over to electric cars as soon as possible, as soon as the technology permits. "Right now we're looking at D-cells, but on the other hand, with AA's you get more in the package."