Logical Eccentricity

I’m so happy today; I finally have a mortgage =) And I didn’t even need to go through all the trouble of applying for it, and everything else. With the government’s takeover of Fannie Mae and Freedie Mac, everyone now owns a small piece of all the mortgages owned by these two companies.

But the real i,pact on me is yet to be determined. How are mortgage rates going to react to this? I’m guessing that they are going to be a little crazy (increasing and decreasing all over the place for about a month) before heading noticibly downward after that. The takeover should result in greater stability in the mortgage market, hopefully increasing the amount of credit available and reducing rates. If rates do drop, it can only help me in my house hunting =)

I am a registered Democrat, but lately I’ve been unhappy with the policies and decisions made by the party. I think the seeds were planted during the primaries with the conduct of the Clintons. It seemed as if they were 100% confident that they would get the nomination that they didn’t need to bother with this whole process. And then later on, when it was clear that there was no way she could get the nomination without a major coup by the super delegates, instead of allowing the party to solidify behind one candidate she choose to continue fighting. While I admire her perseverance, I think it was misplaced and caused more harm to the party than good.

But this post is not about the Clintons. I’m disappointed with the handling of the credit crunch and the related housing crisis. The amount of taxpayer money that has been devoted to bailing out people and companies is insane. Instead of teaching people a lesson and hoping the understand that they can’t over extend themselves the government is just bailing them out. It is setting an unhealthy precedent that the government will rescue the common man; the common man who got a mortgage he can’t afford with no money down, and has a huge credit card bill and continues to buy big screen TVs. What obligation do I have to bail out stupid people that can’t manage their own finances?

Whatever party wins, taxes will go up. Why is my hard earned money going to go to help someone else? What benefit will u get out of helping someone stay in their house a little longer? I’m looking to buy a house I want the prices to crash.

Beyond this whole thing is everyone’s wonderful approach to social security. We all know that it won’t be around forever. But instead of dealing with it, everyone continues to turn a blind eye to it. I know, for a fact, that every penny I am paying in social security tax I will never see again. No candidate is willing to deal with this problem. I hate to say this, because I hate all of his other policies, but the only person to actually come up with a workable idea was President Bush. His plan was to privatize social security and allows us to invest our own money how we saw fit. Unfortunately too many people were against it and it did not happen.

I digress. The point of this post is that I am unhappy as a democrat. As a result I have to start searching for a political affiliation more in line with my ideas. Beyond that, I’ve for nothing else for now.

So, I finally got my NY State tax refund this morning. For some reason it took New York state almost two months to give me my money back. The federal government gave me my money much faster; it only took them a week or so.

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Well, I e-filled my taxes about a week ago now, and today I got my federal tax refund directly deposited into my bank account. I love when the government moves fast in giving me money. I just hope my free $600 gets to my bank account this quickly.