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	<title>Perrysburg Blog &#187; carty finkbeiner</title>
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	<description>Real Estate News about Perrysburg Ohio</description>
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		<title>Do You Believe In Miracles?</title>
		<link>http://perrysburgblog.com/do-you-believe-in-miracles.php</link>
		<comments>http://perrysburgblog.com/do-you-believe-in-miracles.php#comments</comments>
		<pubDate>Fri, 23 Jan 2009 16:05:24 +0000</pubDate>
		<dc:creator>Jon</dc:creator>
				<category><![CDATA[Jon Modene in Perrysburg Ohio Real Estate]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[barbara corcoran]]></category>
		<category><![CDATA[carty finkbeiner]]></category>
		<category><![CDATA[michael lewis]]></category>
		<category><![CDATA[today show]]></category>

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		<description><![CDATA[I don&#8217;t. Not in business.  Not in real estate. I was surprised to see naked, shameless shilling.  By two public figures. Begging for miracles. The first was Toledo&#8217;s mayor, Carleton Finkbeiner begging for people to please help Toledo and to go buy GM, Ford, and Chrysler automobiles. (What about the Honda&#8217;s made in Ohio?  Too [...]]]></description>
			<content:encoded><![CDATA[<p>I don&#8217;t.</p>
<p>Not in business.  Not in real estate.</p>
<p>I was surprised to see naked, shameless shilling.  By two public figures.</p>
<p>Begging for miracles.</p>
<p>The first was Toledo&#8217;s mayor,<strong> <a href="http://www.wtol.com/global/Category.asp?C=151146&amp;clipId=&amp;topVideoCatNo=14996&amp;topVideoCatNoB=129734&amp;topVideoCatNoC=129730&amp;topVideoCatNoD=129733&amp;topVideoCatNoE=106878&amp;clipId=3367527&amp;topVideoCatNo=14996&amp;autoStart=true">Carleton Finkbeiner begging</a></strong> for people to please help Toledo and to go buy GM, Ford, and Chrysler automobiles. (What about the Honda&#8217;s made in Ohio?  Too bad!)</p>
<p><a href="http://perrysburgblog.com/wp-content/uploads/2009/01/340x.jpg"><img class="alignnone size-medium wp-image-151" title="340x" src="http://perrysburgblog.com/wp-content/uploads/2009/01/340x-172x300.jpg" alt="" width="172" height="300" /></a></p>
<p>Really?  People with unknown employment futures?  With too much personal debt?  With rising taxes?  We need to go out and buy a new car?  With OPM?  (Other People&#8217;s Money)</p>
<p>With car loans?</p>
<p>I have a message for Mayor Finkbeiner- Toledo&#8217;s problems stem from TOO MUCH debt.   Simply taking on more debt will never help Toledo, its corporations, or its citizens.</p>
<p>Then I heard real estate broker/celeb Barbara Corcoran shilling about 12 houses all around the country on the<strong> <a href="http://today.msnbc.msn.com/id/26184891/vp/28811857#28811857">Today Show with Al Roker</a>.</strong></p>
<p>Corcoran opined that with Obama&#8217;s inauguration that in real estate &#8220;Everyone in my field is feeling really good&#8221;!  Really?</p>
<p><a href="http://perrysburgblog.com/wp-content/uploads/2009/01/tdy_roker_corcoran_080919300w.jpg"><img class="alignnone size-medium wp-image-153" title="tdy_roker_corcoran_080919300w" src="http://perrysburgblog.com/wp-content/uploads/2009/01/tdy_roker_corcoran_080919300w.jpg" alt="" width="296" height="222" /></a></p>
<p>Oh my.</p>
<p>This is delusional.  Amazing.  And hard to stomach.</p>
<p>Again, pushing homes on people who cannot afford them &#8211; not the recipe for economic revival America needs.</p>
<p>The market needs shillers, politicians, and lawmakers to leave it alone.</p>
<p>Let it work.</p>
<p>Stop goosing lending.  Stop incentivizing debt. Stop trying to &#8220;fix&#8221; the market.</p>
<p>No one can fix the market.  Ask the citizens of Iceland.  They tried.  They are all broke.</p>
<p>Prices will find their own level &#8211; honest prices.</p>
<p>Some people will suffer.</p>
<p>Some people will go broke.</p>
<p>Some people will be hurt.</p>
<p>But that is the only way to fix things.</p>
<p>For people with a really strong stomach &#8211; please read what always happens when dishonest people with ulterior motives try to sell you something you don&#8217;t need and cannot afford -  <strong><a href="http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom">Michael Lewis&#8217; &#8220;End of Wall Street&#8221;</a>. </strong></p>
<p><a href="http://perrysburgblog.com/wp-content/uploads/2009/01/end-wall-st-bull-collapsed-slide.jpg"><img class="alignnone size-medium wp-image-154" title="end-wall-st-bull-collapsed-slide" src="http://perrysburgblog.com/wp-content/uploads/2009/01/end-wall-st-bull-collapsed-slide-300x182.jpg" alt="" width="300" height="182" /></a></p>
<p>Pass it along. (N.B. Lewis writes with real quotes and strong language &#8211; you are thus warned)</p>
<p>These lessons need to be learned &#8211; and learned fast.</p>
<p>And the shillers need to be silent.</p>
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