Houston Area Liberty Campaign

Cleveland OH Detective Cole finds an already-vacant forclosed home and entered with his weapon drawn, guarding against squatters. World Press Photo judges chose this image as World Press Photo of the Year. (http://www.time.com/time/photogallery/0,29307,1738458_1585589,00.html.)

Everyone knows that California is broke.  This video takes you on the ground so you can see why. Florida and Nevada have similar scenes and this is where all the “growth” was in the first half of the 21st century that made investors so confident.

Every empty store, every empty house represents a loan that’s not going to get paid back which represents a lender who will have less money to lend.

How long will it take to digest the inventory “overhang” (the real estate equivalent of a hang over?)

I have no idea, but it sure won’t be a year or two. This is a financial apocalypse.

What the fires don’t get, the bankers will. Banks are actually tearing down brand new houses in California because they can’t sell them at any price and they can’t afford to pay the taxes and expenses to maintain them. Here’s what it looks like on the ground. Check out the top video on the page.

Source: tommcclintock.com

Tom McClintock of California – another Ron Paul Republican to support!  Let’s keep an eye out for him… maybe send him kudos for his championing for what’s right for his constituents.

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Congressman Tom McClintock offered remarks in Washington , D.C., recently to the Competitive Enterprise Institute and Pacific Research Institute that clearly illustrate why California is facing such a large fiscal mess. His beginning joke is so funny because it is so true:

“I know that everybody likes to poke fun at California – but I can tell you right now that despite all of its problems, California remains one of the best places in the world to build a successful small business. All you have to do is start with a successful large business.”

Here is the rest of the speech:

Laugh if you will, but let me remind you that when these policies finish wrecking California, there are still 49 other states we can all move to – and yours is one of them.

I should also warn you of the strange sense of déjà-vu that I have every day on the House floor as I watch the same folly and blunders that wrecked California now being passed with reckless abandon in this Congress.

We passed a “Cash-for-Clunkers” bill the other day – we did that years ago in California .

Doubling the entire debt every five years? Been there.

Increasing spending at unsustainable rates? Done that.

Save-the-Planet-Carbon-Dioxide restrictions? Got the T-Shirt.

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