Vote Anti Incumbent

Bloomberg reports an expert saying “A crisis of unprecedented proportions is approaching” in the U.S. commercial real-estate market.

I believe that is possible.  Commercial property for lease seems to be very high with ghost malls and entire stip mall vacant in my area of Atlanta.  Looking at the listing on the above site, shows Texas has many listings as well as most other states.  So vacancies are high, cash flow is impaired and they leaves not enough to pay commercial mortgage payments. Refinancing commercial mortgages are probably out of the question.  Unemployment is high and getting higher leaving consumers short of spendable cash, hurting retailers. It looks like a downward cycle to me.  The US Government is already propping up the commercial mortgage market, but they can only do that for some time.  We all know their was way too much building going on. Why did “they” have to let this get so over built to allow such a bust as is happening and hurting so many people.  Real estate has always gone through boom to bust cycles, so this too will pass.  But could be a long time, which is OK with me. I think their is quite enough commercial, retail and office space in my neck of the woods.

CNN’s Lou Dobbs stepped down from his controversial role as an advocacy anchor at the network at the end of his show Wednesday night after announcing plans to seek a more activist role.

He cited the growth of the middle class, the creation of jobs, health care, immigration policy, the environment, climate change and the U.S. military involvement in Iraq and Afghanistan as “the major issues of our time.”

Dobbs left the network in 1999 to found SPACE.com, a Web site devoted to space-related subjects. He returned to the network in 2001 as anchor and managing editor of CNN’s Moneyline News Hour, which became Lou Dobbs Tonight.

I wonder if Mr. Dobbs will be doing political blogging this time around. Mr Dobbs we have an opening at Anti-Incumbents for a blogger for Independents and I think you would be a fine fit.  Please contact me.

Today’s headlines:

GOP Nominee Endorses Democrat. New York Assemblywoman Dede Scozzafava is endorsing the Democrat candidate since she was forced out by right wing republicans because she was not right wing enough for them.  Scozzafava was chosen to be the Republican Party nominee by state party officials for the special election scheduled for Tuesday, but her centrist views on a number of issues caused an immediate backlash from conservative activists and national organizations which rallied behind Hoffman’s candidacy.

Rush Limbaugh, leader of the Republican party, says President Obama is “over his head” and not up to the job.  Rush, do you mean like George Bush was?  Yes then, I know what you mean.  Not only is the President “over his head”, the whole US Government is over their head and the country is over their head.  I thought that was a given for a long time.  Apparently Mr. Rush is just realizing this situation.