Tom & Robbie Long, Congratulations!

Just delivered the keys this morning to Robbie Long and her son Alexander. She and her husband Tom closed escrow yesterday on a terrific 3 bedroom 2 bath property in Temecula.

Congratulations Tom, Robbie & Alexander and welcome to Temecula!

Financial Bail-Out

I've received several calls over the last two weeks about the economic crisis and what I think about it.

Where do I start? First, I'm so disgusted with it all, I don't want to think about it at all. The picture above represents my opinion of the vast majority of our politicians in Washington (and Sacramento, too, for that matter).

As a tax payer, I'm against it. But since my crystal ball broke long ago, I don't know what will happen if it were not passed. Some say another Great Depression. Others say America will find a way to muddle through and be o.k.

I personally believe it can be done without the massive $700 Billion bail-out. Simply increase the FDIC deposit insurance to protect bank depositors but let fail the banks that are meant to fail.

For spurring the economy, that's an easy one. Simply cut the capital gains taxes to zero and entreprenurial money (the smartest money) will naturally find it's way to the most productive and profitable investment and business-building activities available.

And that will create economic growth without the politicians and beaurocrats pulling the strings (which only creates more corruption and waste).

But the politicians are NOT going to do that because it would take power and $$$$$ away from them and put it in the hands of the American people. Of course they're not going to do THAT!

After all, has government (at any level) ever proven it can run anything better than private enterprise (think Amtrak)?

In the end, any version of bail-out that passes will only delay the inevitable: the government will continue to print money, pile-up debt for future generations that can never be repaid and eventually our currency will be destroyed.

How's that for a rosy scenario?! So now that we all feel better about things, back to work:)