In the rough and tumble politics especially on a small Island sometimes we forget to challenge the ideas and not the person. I must confess, I have done my fair share of bashing on the 3-2 Board of Aldermen votes in which you participated. You know, being a mom, dentists, wonderful person, and Alderman must be a bunch of work and it is easy for us seagulls to sit in our beach chairs and call the potshots. But you are special and I've talked with many people over the last two days and it is time to cut some slack. So I went through my stuff and deleted bad things and then cruised the new SPI Forum and tried to do the same there, including bashing some really unrealistic requests and "facts" over there. Like you, I'm tired of all this hooey and it is time for me to confess and say I'm sorry Tara. I am being totally honest there. What some people are saying is so despicable they should or could be sued, or at least have to go to the time-out box (how about Houston, that'll fix them!). You said not to do this Tara but I'm my own man and I AM man enough to admit my mistakes.
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In a New York Times article today Countrywide Financial (login required for NY Times) said that the housing economy was the worst since the Great Depression, driving the markets down by at least two percent and more to follow after the opening bell tomorrow. The story wouldn't be significant if Countrywide hadn't said that (1) housing prices have gone down, a fact not seen seen since the Depression, and (2) people with good credit were defaulting. Several hedge funds have already tanked because of "sub-prime" lending but when folks with good credit go down, it will drag the economy.
Yours truly predicted this and said that while the South Padre economy seems bullet-proof, signs are that the economy is very sick on our Island, since land flipping it the main trade in stock aside from bars, shops, and restaurants. Several huge deals such as ZOL and AZUL have been mothballed, and new projects on paper or under construction are on tenterhooks no matter what the management companies claim. If it wasn't for the Monterrey money coming in with large doses of cash, this Island would be in the toilet already. That's the buffer that can cushion a softer landing for us.
I can't think of a batter way to control land use on this Island except for the economy to tank for about three years. Oh yeah baby, I was there in the mid-1980 Texas Depression. That one was caused by a bunch of illegal bankers such as Tony Sanchez - the same rube who wants to drill for oil in the Laguna Madre. Just about everyone will agree that Tony was and is a complete and utter asshole and he same reasons for defaults are valid today as then.