Coming Home From School

Click here to read. http://kartchnerfam.blogspot.com/2008/10/coming-home-from-school.html

Carl, we love you!!

Church notes

Not to detract from more heady topics, but I wanted share a note I found that Tom and Emma wrote during sacrament.

T: I never saw a purple cow
I never hope to see one
But I can tell you anyhow
I'd rather see than be one.

E: me to
I never want to see a fake cow
but I'd rather see oen then Be inside Oen

(punctuation and spelling are left the way originally written.)

End of Capitalism?

Family,

In case you haven't heard, there are lots of people in the U.S and abroad who count the recent economic problems as strong evidence that capitalism does not work. They claim it has created a greedy few who have now taken advantage of the small people. They claim a lack of regulation is entirely to blame. The failure of this capitalist strategy led to a systemic collapse, and now the government is "bailing out" those criminal, greedy people on top, and not doing anything to help the poor people on the bottom.

Related sentiments are very common in the media. For example, after President Bush's address to the nation about the economic bail-out, the local news people here interviewed many people at risk of losing their homes. Their universal response to the speech, emphasized by the interviewers, was that the bail-out protected the rich, but allowed the working class to lose their homes all the same. They all thought the billions should go to pay the mortgages on which they are about to default.

This message of the victimization of the poor was also articulated by both Obama and McCain in the recent debate. McCain said "And Main Street is paying a penalty for the excesses and greed in Washington, D.C., and on Wall Street."

Regarding these thoughts, let's look at a couple of interesting articles from the end of the Clinton era. Please skim this:
http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=2#
and this:
http://articles.latimes.com/1999/may/31/news/mn-42807

I especially like this paragraph, in case you missed it:

"In 1992, Congress mandated that Fannie and Freddie increase their purchases of mortgages for low-income and medium-income borrowers. Operating under that requirement, Fannie Mae, in particular, has been aggressive and creative in stimulating minority gains. It has aimed extensive advertising campaigns at minorities that explain how to buy a home and opened three dozen local offices to encourage lenders to serve these markets. Most importantly, Fannie Mae has agreed to buy more loans with very low down payments–or with mortgage payments that represent an unusually high percentage of a buyer’s income. That’s made banks willing to lend to lower-income families they once might have rejected."

Now tell me, the mortgage crisis that initiated this entire economic downturn, was it the result of unregulated capitalism, or did government intrusion in the free market disrupt the balance of normal risk taking behavior?

Now, I know I am going to sound cruel, but think about this. In America, we have enjoyed, for the past 12 years, the ability to live in incredible houses. Granite counter tops were only in mansions a decade ago. Now, they are almost standard. American have felt entitled to live in whatever the neighbors live in. The mortgage people said we qualified for these homes, so we must be able to afford them, right? Isn't this where the greed lies?

McCain said the average American, or main street, is paying the price for the greed of Wall Street and Washington D.C. I think Wall Street and Washington D.C. are paying the price for the greed of the average American.

Please share your thoughts. The purpose of this post is discussion and debate.

It's a boy!

Hello everyone! Well, some of you might not know this yet, but we are finally pregnant! Well, It's been that way for a while now. I am 5 1/2 months pregnant, and we just found out we're having a BOY! It's kind of strange how we make such a big deal out of a fuzzy image of a baby's anatomy, don't you think? Anyway, I wanted to share that. He is due to come into our family on December 21st, right on our anniversary! Please send him lots of birthday presents because, as a Christmas baby, he is doomed to poor birthday experiences for the rest of his life. J/K about sending the presents. Well, not really. . .

Just one more thing, and this part will be extremely boring to the men out there. . . I have a short cervix which means that it's harder for my body to keep the baby in than it is for most women. It predisposes me to preterm labor. If you are one who prays, could you please remember us in your prayers, that this bun will stay in the oven long enough to get cooked all the way? Thanks for sharing our exciting news! Have a wonderful day!

Love,
Hilary and Carl

Hazel smiling!