"Buy low, sell high," was John D. Rockefeller's curt advice for business success. You can't buy low unless markets are left free to correct themselves. The stock market, for instance, lost 700 points yesterday. Today, it gained 400. No government program infused money into the market to turn its fortunes around. Investors did, but only when they saw value to be had. The same is true of the housing market. When investors, and ordinary buyers, see value to be had, they will return to purchase houses, which will eventually drive up prices. There are winners and losers in all bear and bull markets. Markets should not be artificially propped up through bailouts or subsidies. That's a kind of fraud, an unnatural manipulation of price. Price is determined by what a buyer will pay and the seller will sell for, not what an outside party believes is fair. Nobody considered it unfair to buyers when sellers placed extraordinary prices on ordinary homes during the boom. That's just the market at work. But declining prices is the market at work, too. And just as there were winners in the housing boom, there are winners in the housing bust, too.

I'm not an academic and can't get deeply involved in such discussions but gosh darn it seems William Ockham is pretty much right all the time.

Which was really more suprising... the 133 Republicans that stood up for conservative values, or 95 democrats listening what the public wanted. I personally think this is a great day for our constitution.

P.S. If Bush had a superpower it would be constitution distruction rays. Why did so many of you vote for this idiot/criminal twice?

The sad thing about Bush is that he has done nothing in any individual policy point different from what presidents have been doing off and on since Lincoln, as regards ignoring and destroying the constitution.

However, he has so pursued so many destructive extra-constitutional policies and received so little opposition from Congress (why bother when he is doing what the opposition wants?) that his damage to our republic is hard to exaggerate.

BDS baby. Feeling it again.

What was amazing to me was that three of our moonbat reps (well, one moonbat, one patronage king and a former blue collar democrat) from the Mass Con delation voted against Congressman Elmer Fudd and their party on this thievery.

Nice.