Welcome to Solomon's Conservative Wisdom

Welcome to my Conservative Blog, Solomon's Conservative Wisdom. The name comes from my middle name and the historical & biblical figure King Solomon, now I make no claim to have Solomon's Wisdom, but I do have Common Sense. I welcome anyone to join in and comment about anything I may have written, posted or one of my Articles / Columns. This blog is dedicated to conservatism and freedom. I invite all conservatives to join in, I don’t mind non-conservatives joining in (after all the only way to change liberals and fence-sitters is to debate them and change their minds, some are just too hard headed to admit they are wrong) . All I expect is a respectful debate.

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Quote of the Year

Runs until 12/31/2012

"If everyone is thinking alike, then somebody isn't thinking."

General George S. Patton

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Runs until 11/07/2012

"Battle is the most magnificent competition in which a human being can indulge. It brings out all that is best; it removes all that is base. All men are afraid in battle. The coward is the one who lets his fear overcome his sense of duty. Duty is the essence of manhood."

General George S. Patton

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"If you’ve got a business – you didn’t build that. Somebody else made that happen."

President Barack Hussein Obama II

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About my Blog

On this blog I will be posting my Articles & Columns that I have writen, as well as posting news items and links that I see that I believe are relevant or when I think things might be getting too serious some thing else.
So please let me know what you think of my Articles & Columns, and let other conservatives know about my blog.

Quick Note: I only link to wikipedia articles that I have checked out and are used only for reference material.

Welcome to my blog, Solomon's Conservative Wisdom. The name of this blog comes from my middle name and the historical & biblical figure King Solomon. This group is dedicated to conservatism, and I invite all conservatives to join, I really don’t mind non-conservatives joining. All I expect is a respectful debate. So tell everyone you know.

Thursday, June 17, 2010

Bill O'Reilly and his Problem with the Free Market.

Bill O'Reilly has his problems with the Free Market this is brought by his talking points from 6/7/2010, watch it below,
Bill O'Reilly talking points 6/7/2010,

Well I have another response to O'Reilly.

Well, I think Bill O'Reilly has forgotten the refinancing boom of the 2000s, when people were told to take money out of their homes by refinancing, the theory was that you could get extra cash by taking the available equity out of your home by extending the years on your payments. It sounds like a good idea, but it can cost you a lot more, you extend your mortgage obligation for more years, draining the equity out of your home, and as recent financial crisis has shown housing prices are not guaranteed to increase, this also can count toward businesses and business properties.

Think about it if the dinner owner was to get a loan and the market and economy keeps going south and he couldn't pay it you can expect O'Reilly would go after that bank.

The problem is when property prices drop continually as they have over the past few years, one could find themselves owing more money on that new loan than your property is even worth, especially a business in a bad economy. There is nothing worse than paying a mortgage on a property or business that you are upside-down in. Which would more then likely have Obama and progressives leading a charge for another bailout.


P.S. I know that this was a week late but rethinking about the housing crisis brought this about.

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