Feeling Good Today
I love fall and it’s helping with my morning sickness, I think. Now that it’s cooler I am feeling much better. Of course, that could be because I’m nearing the end of the 1st trimester, but maybe it’s both.
I’m happy today to be wearing my favorite maternity shirt. I’m also happy that most of my maternity clothes will work for this pregnancy since I’ll be at my heaviest in the winter and early spring. There are some sweaters that I got for my pregnancy with Jesse that I never got to wear because of my bed rest. I’m thrilled to be able to wear them this time.
Facebook is way too addicting and such a time waster. But I love that I’ve been able to reconnect with some friends with whom I had lost touch.
The house hunt on Saturday was disappointing. Foreclosed homes are in such rough shape. One had real potential until we discovered the mold in the basement. So we press on in the hopes of finding something sooner rather than later.
I’m not happy about this bailout thing. As a taxpayer, the thought of $1T added to the national debt makes me cringe. However, I do believe the economists who say that long term this will be a lot less worse than it could have been otherwise. But it still rankles.
I believe the debate should go forth tomorrow night. That said, I also believe that it is important for the Senators to be on the Hill to tend to do their jobs. But then they can hop their campaign planes for the debate in the south.
Glad you’re feeling somewhat improved! I’m not excited about the bailout either..and honestly am having a hard time seeing the long term benefit, given that there’s no guarantee that long term projections today will actually work in the long term, given the propensity of politicians to mess things up over time.
Posted by beth on 09/25/08 at 12:25 PMIF they do something similar to the Resolution Trust Corporation (which I have heard is the plan) it could work out not costing much at all.
http://en.wikipedia.org/wiki/Resolution_Trust_Corporation
Basically, RTC is still holding some assets, waiting for them to get to the break-even point, but has generally paid for itself and it’s actions. Given the inflation factor, the current crisis is not much larger in real terms than the ‘80s S&L;crisis. Back then the RTC “bailed out” almost $400 Billion in S&L;assets.
Posted by on 09/25/08 at 01:05 PMI found another article about the S&L;Crisis in Wikipedia. Change the dates and you have today’s crisis. Looks like the RTC ended up costing about $160 B, but I know from several banking friends that the FDIC is still holding assets valued above that total for them to come to an equity state, so that number should decline over time.
Posted by on 09/25/08 at 01:13 PMYeah, the RTC idea is what gives me hope that my kids won’t be saddled by multi-trillion $$ national debt as adults.
Posted by jen on 09/25/08 at 03:22 PMI some how have the feeling my kids wouldn’t have to be paying for all this debt we created over the past eight years if we had done the right thing and went with a Democrat in office instead of a guy everyone voted for because they felt he was an good guy that you could have a beer with. Silly me for voting for intelligence over perceived beer drinking skills.
Posted by on 09/26/08 at 10:11 AMI thought he drank Jack Black. Apparantly he couldn’t handle it very well.
Posted by on 09/26/08 at 10:22 AMActually, the problem started with the guy who couldn’t keep his pants zipped and who wondered what the definition of “is” is. And Denis is sort of right, we’d be better off if that guy hadn’t been elected.
Posted by on 09/27/08 at 10:02 AM
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