Free Republic

"Decline in Home Prices Accelerates" — Page One headline, The Wall Street Journal, Feb. 27 Gloom. Doom. Calamity. Home prices are tumbling. We're bombarded by somber reports. But wait. This is actually good news, because lower home prices are the only real solution to the housing collapse. The sooner prices fall, the better. The longer the adjustment takes, the longer the housing slump (weak sales, low construction, high numbers of unsold homes) will last. It's elementary economics. Pretend that houses are apples. We have 1,000 apples, priced at $1 each. They don't sell. We can either keep the price at...

CHARLOTTE, N.C. (AP) -- Hanesbrands Inc. will cut 5,300 jobs, or 11 percent of its current work force, and close nine sewing and assembly operations as it moves production to lower-cost sites in Asia and Central America. The underwear and apparel maker said Wednesday it will close plants affecting nearly 5,000 employees in Canada, the United States, Mexico, the Dominican Republic and Puerto Rico. Another 350 management and administration positions also will be cut, mostly in the United States.

YOU might be a Stupid American IF? 10. you don't know how many Legal Americans died at the hands of Illegal Aliens everday. 9. you can't name the three branches of government. 8. you believe "Big Oil" makes the most profit off gas. 7. you think it takes a village (the gov't.) to raise a child 6. you don't know the difference between Shiite and Sunni Muslims. 5. you don't know how many inmates are illegal aliens in the U.S. prison system. 4. you don't know the difference of socialism. 3. you think more American Troops die everyday in Iraq...

Given W’s untreatable Mexican fetish, it may be prudent to simply shove him out of Air Force One, swaddled in a golden parachute, somewhere over Mexico City. Remember, the man is nearly 61 years old, and is obviously growing weary and older by the minute. And why shouldn’t he be burned out? After all, actively helping millions of illiterate peasants to invade America is hard work that would wear anyone out! Even more taxing: Trying to explain away that invasion as good for the U.S. economy and pretending that is in the national interest to grant amnesty and a path...

Now that the president has tried to revive the comatose Senate amnesty bill, at least as big a question as whether he can bring it back to life is why on earth he would want to. Sure, he wants a win, because he hasn't had one lately. Sure, he wants a (gulp) legacy, because it's that clock-ticking time in his second term. But why this particular attempted win, which his political base sees only as betrayal? Why this hoped-for legacy, which would eliminate him from any conservative pantheon? "It's a very emotional issue." That's what the president says by way...