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Dick Armey Discusses www.AngryRenter.com with Glenn Beck

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May 05, 2008 – Comments (6) | RELATED TICKERS: CFC

Dick Armey Discusses www.AngryRenter.com with Glenn Beck

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6 Comments – Post Your Own

#1) On May 05, 2008 at 11:36 PM, abitare (58.11) wrote:

My post on 17 Apr 08: 

Sign the Taxpayers Against a Wall Street and Mortgage Bailout Online Petition

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#2) On May 06, 2008 at 12:29 AM, EScroogeJr (< 20) wrote:

Love this comment: " This is reverse Robin Hood. Most renters can't afford to buy and they are being asked to bail out people who have homes."

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#3) On May 06, 2008 at 2:15 AM, motleyanimal (93.53) wrote:

Tax laws in the US have favored property owners since before the Revolution. Should homeowners continue to receive the interest and property tax deductions and capital gains exclusions they get? Renters have a long history of subsidizing wealthier homeowners.

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#4) On May 06, 2008 at 8:06 AM, abitare (58.11) wrote:

EScroogeJr,

Privatize profits, make public the loses. The New Capitialist Business model 

motleyanimal,

1/3 of Americans own their home free and clear, 1/3 of Americans are renters and most Americans are not subprime or Alt A trouble. The majority should not pay the price for the stupidity of a few. The housing bubble has raised property taxes significantly, this impacts everyone. The government should stop trying to prop up the housing bubble, let it run its course.

 Should homeowners continue to receive the interest and property tax deductions and capital gains exclusions they get?

The government should always return taxes to the productive class and tax payers. The govenment should always look for ways to reduce spending.  

Renters have a long history of subsidizing wealthier homeowners.

Yep. As long as you understand the difference between "home owner" and "homedebtor" 

"The government has no business sponsoring corporations, promoting housing over rentals, or spewing nonsense about the ownership society. All of the above, in conjunction with the Fed bailing out banks in 2001 by slashing interest rates to 1% is what created the housing bubble.

Allowing Fannie Mae to take on larger loans is not the answer. Fannie Mae should be dissolved. Here is the irony of the situation: The government wants "affordable housing" but is doing everything under the sun to prop up home prices."

Mike Shedlock / Mish
http://globaleconomicanalysis.blogspot.com/

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#5) On May 06, 2008 at 12:16 PM, eskatonic (29.41) wrote:

Privatize profits, make public the loses.

Isn't that what airlines have been doing for forever?

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#6) On May 07, 2008 at 2:34 AM, lquadland10 (< 20) wrote:

Hey Aba, Good post. Who said this wouldn't affect the whole wide world? Yep, looks like they were wrong. You know this looks very familiar to me. Oh yea the S&L mess. Have the renters and home owners finished paying off that debt yet? The banks and the Central Banks are making a ton of money off of this one in  intress rates. The government wants "affordable housing" but is doing everything under the sun to prop up home prices."  What they mean is we are going to bankrupt you and this country so we can sell you down the river. The Texas transcorider  join the three countries and the Amero. Of which I heard Cramer from Mad Money use the other day. The Amero that is. As usual you cut to the heart of the matter. God this looks more and more like Russia or China Every day. Controlled News Media. Central Bank. Nanny States. Universal Health care. Can't smoke,be to fat or to skinny. border patrol Agents thrown into jail for protecting the citizen from drug dealers. Homeland security who spies on all of us. Cameras in stores and on the stop lights. Gps and micro chips in the passports to track us. and goog earth that can watch us spit on the sidewalk and what not. Not to mention every transaction we do on the computer. IE banking. World bank,world oil cartel,world government in the form of the UN. Now they want to form a world food cartel in the overhead of the UN. Merging the markets with other country's so we have more access to make more money from other country's. Just another way of saying One World Stock Market. But we are making money in the stock market and making the bankers money so all is well in the world. If I say it enough times I just might convince myself that all is well in the world. Good find Aba.

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