Dinner at Nero's

What the fuck am I talking about...I can hear you asking the question as I just begin to put pen to paper. For those of you who do not live near my high end neighborhood, Nero's is a quasi famous Italian place, with OK food, overpriced drinks but it is clearly the place to be seen.



Considering I hate pretty much everyone, there is little to no need for me to be seen. There is less of a need to overpay for mediocre Italian food and drinks considering I live in Soprano country and a great Italian meal is 5 minutes away in any direction.



So why the fuck would I go??? The recession buster dinner. Yes, I am one cheap ass mother fucker. $22 for 3 courses definitely got me there. And the whole meal just sucked.



My point is simple: a shitty meal at a lower price really is not going to fix anything. I did not get what I paid for, they could not cook my fucking steak medium well (sent it back twice, could not stomach another lugie on it if I sent it back a 3rd time) and ended up paying much more than I would at a different restaurant where it was BYOB.



The same can be said about what the Government is trying to do to fix our ailing economy. Take interest rates at 4-4.5% for new home buyers. That seems like a great deal. Historically that is a drop dead rate that you have to take advantage of. However, how many NEW home buyers are there now? How many existing home owners need to re-fi at at least a 4% rate to offset the delta in the material uptick in rates from their fuck you in the ass arm rate that has or will be rolling over?



Do you see my point? We are offering a shitty solution to a fucked up problem. Discounting a piece of the pie (like the recession buster dinner), and making it a shitty deal will not solve anything. It will continue to exacerbate it. Foreclosures will continue to rise unless this rate is lowered for ALL EXISTING HOMEOWNERS--including people like me that take our moral responsibility to this country seriously, do not live beyond our means and pay our fucking bills in full and on time.



Cutting rates for all to 4% would be a huge boost to the economy. Defaults would slow and people who are not over extended would actually take that savings in mortgage rates and SPEND IT!!!!



Why is our Government a bunch of pussies like the owners of Nero's? Step up with a compelling offer and let's fucking GO!!!



PS. Did you see the statistics that came out yesterday highlighting that over 50% of those who have had their mortgage rates lowered by their lender ARE STILL DEFAULTING??????

--The Angry Trader