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[personal profile] bovil
The "Tea Party" movement is a symbolic failure.

The original tea partiers engaged in criminal acts and risked arrest and imprisonment to destroy product from a company being propped up by unfair reduced taxes by the government, at the expense of what, at the time, amounted to "small business:" the domestic importers of tea who competed with the East India Company.

The current teabaggers are buying tea and throwing it around. That's it. When the DC teabag crew showed up with a truckload of tea bags (yes, I'm serious) to dump in Lafayette Square (because dumping in the Potomac is illegal, can't do that, after all) they were informed that they didn't have the correct permits to dump their load.

So they took it away. They're a bunch of pussies. "Civil disobedience" and "protest" are just words to them. They'll always cave in to authority rather than take a risk for their alleged principles. Samuel Adams would have dumped the tea right then and there.

If they wanted a real symbolic connection with the original Boston Tea Party they would be stealing Chrysler and GM cars and trucks from distribution centers and dumping them in the drink.

But they're not.

Pussies.

Date: 2009-04-17 01:46 am (UTC)
From: [identity profile] bovil.livejournal.com
Yeah, it's really toxic paper; the real estate is just fine, it's just not worth what the bank has in it.

I actually understand that the market value of my house has dropped from insane to merely absurd. I moved to CA from the midwest, where my place would be valued at maybe $60k, even in a big city. Prop 13 and population pressure has had very odd results on the economy of the housing market.

Still, flooding the market with discounted "toxic assets" would depress it even further.

Date: 2009-04-17 01:58 am (UTC)
From: [identity profile] chuckles48.livejournal.com
Not really. You might note that real estate sales right now are booming... because prices have come down to something reasonable.

And yes, Bay Area real estate takes a little getting used to. One thing I have to point out to many people is that where, in most cities, you would have an urban core, we have water. Most cities have, essentially, a bell curve for valuations. Ours is a wierd annulus, due to our oddly-constrained geography.

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Andrew T Trembley

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