{"id":4828,"date":"2008-10-06T09:41:06","date_gmt":"2008-10-06T16:41:06","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=4828"},"modified":"2008-10-06T14:00:22","modified_gmt":"2008-10-06T21:00:22","slug":"and-now-no-reason-to-root-at-all","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4828\/and-now-no-reason-to-root-at-all\/","title":{"rendered":"And Now, No Reason to Root At All"},"content":{"rendered":"<p>Last week, while watching the House contort itself in a self-serving round of navel-gazing over the bailout package, <a title=\"No One to Root For...\" href=\"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=4736\" target=\"_blank\">I pondered two connotations of their disconnect with the populace<\/a>.\u00a0 Taken together they are a question really, that looks at the motivation behind politicians&#8217; decisions; the <em>metaphysical understanding of a Representative<\/em> if you will.\u00a0 This question in particular asks why our elected officials vote for legislation they know their constituents are against.\u00a0 At the time, many of our representatives had chosen not to support the bailout package; not because they were against it &#8211; quite the contrary, they wanted to vote for it &#8211; no, their problem was their constituents didn&#8217;t want it and the election was to close for a nice <em>spin<\/em> cycle.\u00a0 So I wondered if they ignored the people who elected them because:<\/p>\n<ul>\n<li>&#8230;constituents are too stupid to  understand<\/li>\n<\/ul>\n<p>or<\/p>\n<ul>\n<li>&#8230;constituents are not the ones who pay  their bills<\/li>\n<\/ul>\n<p>Over the weekend I am sad to report the answer became clear.\u00a0 The majority of America (at least the majority of America who contact their representatives) were against the bailout the first time around.\u00a0 I had hoped it was due to the fact that middle America was smarter than the politicians and pundits surmised.\u00a0 But then Wall Street had its little temper tantrum and middle America couldn&#8217;t wait for the bailout package to pass.\u00a0 They told their representatives so with an onslaught of voice mails, emails and snail mails.<\/p>\n<p>Walls Street&#8217;s melt down affected every-one&#8217;s retirement funds and investment funds and saving funds&#8230; if they elected to sell them <em>that day<\/em>.\u00a0 Otherwise it made not a wit of difference to the average person on the street who does not expect to need those funds for years yet.\u00a0 But people panicked anyway.<\/p>\n<p>I learned from this episode a lesson most politicians must learn early in their career.\u00a0 I learned that middle America did not read up on or have at least a passing understanding of what the bailout meant, nor did they look into and try to understand how Wall Street&#8217;s shoe stomping episode actually affected them.\u00a0 Instead, middle America did what they always do: they <a href=\"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4828\/and-now-no-reason-to-root-at-all\/#more-4828\" class=\"more-link\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last week, while watching the House contort itself in a self-serving round of navel-gazing over the bailout package, I pondered two connotations of their disconnect with the populace.\u00a0 Taken together they are a question really, that looks at the motivation behind politicians&#8217; decisions; the metaphysical understanding of a Representative if you will.\u00a0 This question in [&hellip;]<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[],"class_list":{"0":"post-4828","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-lending","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":4736,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4736\/no-one-to-root-for\/","url_meta":{"origin":4828,"position":0},"title":"No One to Root For&#8230;","author":"Sean Purcell","date":"September 30, 2008","format":false,"excerpt":"I wrote yesterday that we were Front Seat to History, but main stream press continues to miss it and I fear I was a little too cavalier in my writing.\u00a0 The real story here is not the initial failure of the bailout, but the in-your-face blatancy of our politicians.\u00a0 There\u2026","rel":"","context":"In &quot;Egoism in Action&quot;","block_context":{"text":"Egoism in Action","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/egoism-in-action\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4716,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4716\/front-seat-to-history\/","url_meta":{"origin":4828,"position":1},"title":"Front Seat to History","author":"Sean Purcell","date":"September 29, 2008","format":false,"excerpt":"Whether or not you approved of the bailout, you have to count yourself lucky to be witnessing an historic event.\u00a0 Take a good, hard look at what is unfolding before us.\u00a0 One elected official after another said they could not vote for this legislation because their constituents back home were\u2026","rel":"","context":"In &quot;Real Estate&quot;","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4709,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4709\/an-update-on-the-bailout\/","url_meta":{"origin":4828,"position":2},"title":"An Update on the Bailout&#8230;.","author":"Tom Vanderwell","date":"September 29, 2008","format":false,"excerpt":"and yes, after doing some more reading on it, I do still consider it a bailout. I\u2019m going to put a copy of a post that Yves at Naked Capitalism wrote in italics and then my comments will be interspersed in bold print and then I\u2019ve got more thoughts at\u2026","rel":"","context":"In &quot;Egoism in Action&quot;","block_context":{"text":"Egoism in Action","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/egoism-in-action\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4537,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4537\/will-the-democrats-endorse-hank-paulsons-mortgage-bailout-plan\/","url_meta":{"origin":4828,"position":3},"title":"Will The Democrats Endorse Hank Paulson&#8217;s Mortgage Bailout Plan?","author":"Brian Brady","date":"September 19, 2008","format":false,"excerpt":"This Presidential election campaign is exciting to watch.\u00a0 Team Obama benefits from the continued free fall on Wall Street.\u00a0 Sean Purcell reminds us that folks on that side of the aisle like to say \"I'm from the government, we're here to help you\" yet the other side is the one\u2026","rel":"","context":"In &quot;Real Estate&quot;","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12853,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/12853\/the-line-for-food-stamps-is-over-there-this-is-the-line-for-deficit-funded-mortgage-bailouts\/","url_meta":{"origin":4828,"position":4},"title":"The line for food stamps is over there. This is the line for deficit-funded mortgage bailouts.","author":"Greg Swann","date":"August 5, 2010","format":false,"excerpt":"James Pethokoukis at Reuters:Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt of millions of Americans\u2026","rel":"","context":"In &quot;Big Mother&quot;","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3585,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3585\/the-buck-stops-where\/","url_meta":{"origin":4828,"position":5},"title":"The Buck Stops Where?","author":"Thomas Hall","date":"July 28, 2008","format":false,"excerpt":"Ya know - I've decided that I want run for Congress - my dilemma: overcoming the paradigm that one aspires to move up and not - um - down. BUT! Just think of all the fun I'd have riding the train under The Capitol - sitting in convertibles waving at\u2026","rel":"","context":"In &quot;Dirty Laundry&quot;","block_context":{"text":"Dirty Laundry","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dirty-laundry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/4828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=4828"}],"version-history":[{"count":6,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/4828\/revisions"}],"predecessor-version":[{"id":4836,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/4828\/revisions\/4836"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=4828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=4828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=4828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}