Next time they will be buying everything (RE, companies, politicians).

From the politicians to and morons that vote for them...and I have lived here for 30 years!

You must tell your politicians to reduce property taxes - In such depressed economic circumstances, those taxes are deals killer.A house in Ferndale (MLS No. 29071925) sells for $12,000 but the taxes (Summer & winter) on it are $3,085 (A mere quarter of it's asking price).

"Speculators" are a convenient scapegoat for the media and politicians, and this finger pointing works because of the criminal negligence that exists in our education system that refuses to teach anyone anything not related to learning how to be a wage slave.As far as oil as a bubble market at the moment, I don't know but I would say we are probably above the true value curve.

He's a politician after all.

I wonder if there is a book for politicians to read about attracting businesses to a state/city.

Most politicians are not interested in a mass wave of residential foreclosures.

You see, that unnecessary war that will cost our country more than $5 Trillion (and the lives of thousands of soldiers) generated a great number of high-priced military contracts for companies that were owned in part by the very politicians that made the decision to go to war (our President and Vice-President).

Once people see that the only answers bankers have is to print more money and the only answers politicians have is to spend more money.

They race to the bottom because printing money reduces the cost of debt since they know there debts are going to be a real problem to pay any other way...raise taxes or budget cuts are limited there too and things like that are always unpopular too politicians.