The importance of American real estate values has become being witnessed as major banks around the world have joined the U.S Federal Reserve to function cash into our banking system in hopes of preventing an international economic catastrophe. Wall Street’s cave-in has resulted from declining real estate values precipitated by our foreclosure crisis.

John McCain, in televised comments on CNN September 19th placed the blame for that economic crisis squarely being worn by the poor and minorities by claiming that Fanniemae and Freddymac, the quasi-governmental mortgage giants, will be to blame for approving sub-prime mortgages to individuals that couldn’t afford them in areas that were formerly red-lined. This is a thinly veiled reference to the mandate given by Congress to Fanniemae and Freddymac to increase the opportunities for home ownership in minority communities. African-American and Hispanic borrowers are represented in the subprime market at nearly triple their rates in the conventional market. Let alone that 61% of subprime borrowers might have qualified for conventional loans or, based on Freddymac, minorities and also the poor pay home loan rates on the order of one to two-and-one-half percentage points higher within the subprime market.

The Wall Street Journal did research confirming what experts like Martin Eakes at the Payday advance has been saying for so long – most subprime borrowers had credit scores worthy of an excellent conventional mortgage. By the end of this past year that percentage rose to over 61 percent. According to their study many subprime borrowers might have been tricked into unaffordable loans by unscrupulous brokers.

Property appraisal methodology has long didn’t adjust for racial discrimination, selective bias, and since George W. bush has been around office his administrations version of Supply Side economics. Does, “The human condition” explain why current property appraisal methodology does not recognize and adjust for the lower values caused by the effects of Selective Bias, Supply Side economics and racial discrimination about the appraisal process? Can lower appraisals, for properties in minority communities, primarily be attributed to these factors and, if so, can losing be measured in tangible dollars? May be the failure of appraisers to regulate of these factors responsible for the slow or non-existent development of property equity during these communities? Was this failure a contributing element in the misrepresentation of worth in Wall Street’s mortgage backed securities and therefore shares blame for that recent meltdown?

The phrase, “The Human Condition” is well worn and refers back to the ages old conflict of accepted ideals like cooperation, loving and selfless behaviors contrasted with human instinct that is invariably competitive, aggressive and selfish. We are able to immense love and sensitivity, but we now have also been capable of greed, hatred, brutality, rape, murder, slavery and war. The human race demonstrates a collective feeling of guilt and agony from being unable to explain our duel personality. It has been seen by many scholars as the burden of human life or, “The human condition.”

A great deal of what we should believe is true depends on our perceptions; part one of my analysis starts with a brief study of the economic theories which currently dominate our national political debate. I’ll later contrast the dominate theory espoused and implemented by our current President and his Party with those of his political rivals. In part two of the analysis the role of bigotry, selective bias and offer Side Economic Theory as primary causes of lower property appraisals in Black communities is discussed. Simply three, I’ll attempt to measure the economic loss towards the minority community specifically and to the larger society generally, which suffers a far greater reduction in societal peace, wasted talent and loss of credibility around the globe. It is not surprising the inability of American leaders to create a fair and just society has dimmed the beacon of hope one of the economically disenfranchised people around the globe.

Since what we believe in affects our perception of reality this discussion begins with my (the author’s) statement of why I believe within the realities or truthfulness of the conclusions derived from this analysis.

My own look for truth in answering the question, “why current appraisal methodology does not recognize and adjust for that effects of bigotry, Selective Bias and Supply Side Economics about the appraisal process” starts with a brief study of my beliefs, being an individual in American society, and the role culture and upbringing has played in helping to formulate those beliefs.

I have been a principle, either Senior Appraiser, Chief Appraiser or owner operator in small property appraisal companies for the past 28 years. I was born during the administration of Harry Truman a Democrat and a man my father vilified for dropping the atomic bomb on the Japanese when, based on him, The second world war was essentially, over. Truman was the author from the famous, “Fair Deal” a 21 point program he presented to Congress which expanded Social Security, created a full-employment program, a lasting Fair Employment Practices Act, and deliver to public housing and slum clearance. Even though Truman’s “Fair Deal” helped the poor, we were poor as dirt, my dad and grandfather remained devout Republicans.

My grandfather was created a slave and my father was born, in 1902, just 39 years after President Lincoln signed the Emancipation Proclamation, which freed slaves in the usa. Dad would be a sharecropper (a free slave) about the land from the family who had owned his father when news of Henry Ford’s commitment of equal purchase equal work found him; he earned the decision to move to Detroit.

Through operate in the automobile factories from the northern United States my parents and many a large number of the descendant children of former slaves were able to become homeowners, buy automobiles and send their kids to college. Freedom meant everything to my dad and grandfather plus they felt indebted towards the Republican Party for the rest of their lives. After i asked my dad, during the 1961 Presidential campaign, why he favored Nixon over Kennedy, his response was, “the Republican Party is the Party of Lincoln.” The example of my father and grandfather partially explains why I’ve only voted for just one Democrat during my entire voting life. My parental examples are only a partial reason because the political beliefs I hold are in possession of been formulated by my perception from the larger culture and my lifelong role like a small business owner.

Almost 30 years ago Ronald Regan began his presidency. He ushered in the,” Reagan Revolution”, which aimed to reinvigorate the United states citizens and reduce their reliance upon Government. “Reagan could push through legislation to stimulate economic growth, curb inflation, increase employment, and strengthen national defense. He cut taxes and Government expenditures, refusing to deviate from it once the strengthening of defense forces resulted in a large deficit. In 1986 Reagan obtained an overhaul from the income tax code, which eliminated many deductions and exempted huge numbers of people with low incomes. At the end of his administration, the Nation was enjoying its longest recorded duration of peacetime prosperity without recession or depression.Overall, the Reagan years saw a restoration of prosperity, and also the goal of peace through strength seemed to be within America’s grasp.” (whitehouse.gov)

Unfortunately, many within the Republican Party ascribed Regan’s success to “Supply Side” or “trickle down” economics. This economic theory is dependant on the belief that reducing tax rates, specifically for businesses and wealthy individuals, stimulates savings and investment for the benefit of everyone. Supply Side economics only works for those who have a fiscally strong middle class, because consumer spending by a healthy middle-class is, undeniably, the engine that drives our economy. Regan understood this fact as his overhaul of the tax code reflects.

Supply Side economic theory is the direct opposite of Keynesian Economic Theory, which seems to be a foundation for the Democratic Party’s economic plan. Keynesian Economic theory, which is named for economist John Maynard Keynes, advocates government intervention, or demand-side control over the economy, to attain full employment and stable prices. (investorwords.com )

The present economic platform from the Republican Party failed since it did not adjust for that insufficient quality job creation, like a necessity to maintaining strong consumer spending, in the Supply Side equation. Add to this their past and current tax proposals to provide billions more in tax benefits to Big Oil and Pharmaceuticals while proposing little relief for the middle class. Another good example is the fact the Republican Party has no plan for national medical health insurance except to provide more choices beyond employer-based health insurance coverage. Under McCain’s health insurance proposal families not receiving employer-based coverage will receive an immediate refundable tax credit – effectively cash – of $2,500 for individuals and $5,000 for families to offset the cost of insurance. With Michigan families averaging $1600 per month for private insurance policy (not with an employer) and medical health insurance premiums rising Four times faster than wages, in the last 6 years, McCain’s offer of $5,000 a year is grossly inadequate. Source: National Coalition on Healthcare. Catlin, A, C. Cowan, S. Heffler, et al, “National Health Spending in 2005.” Health Affairs 26:1 (2006).

In contrast, the Democratic Party has proposed a health insurance policy which will provide affordable premiums, co-pays and deductibles with guaranteed eligibility. No American is going to be averted from the insurance policy due to illness or pre-existing conditions. Financial subsidies is going to be presented to individuals and families who don’t be eligible for a Medicaid or need financial help. These families will get an income-related federal subsidy to purchase into the new public medical health insurance plan or buy a private health care plan. This proposal goes much further toward enhancing the middle class since the reason an incredible number of Americans lack health insurance is cost, not availability. Source: National Coalition on Healthcare. Catlin, A, C. Cowan, S. Heffler, et al, “National Health Spending in 2005.” Health Affairs 26:1 (2006).

Additionally, employers that don’t offer or create a meaningful contribution to the price of quality health coverage for his or her employees will be necessary to contribute a portion of payrolls toward the costs of the national plan. Smaller businesses is going to be exempt from this requirement, and will get a new Small company Health Tax Credit that will help to reduce their healthcare costs.In 2007, employer health insurance premiums increased by 6.1 percent – two times the speed of inflation. The annual premium to have an employer health plan covering a family of 4 averaged nearly $12,100. The annual premium for single coverage averaged over $4,400.These pricing is expected to rise at similar levels for the following decade. Source: National Coalition on Healthcare. Catlin, A, C. Cowan, S. Heffler, et al, “National Health Spending in 2005.” Health Affairs 26:1 (2006).

The Republican Party continues to be successful in defeating the Democratic Party, previously, by labeling them because the tax and spend Party. However, under the current Democratic tax proposal only those with annual incomes over $250,000 will experience a tax increase. They’ll pay at the same rate they paid during the Clinton Presidency from the 1990′s, a period of economic prosperity for most Americans.

In line with the Republican Party’s current version of Supply Side economics, from a purely self-interest standpoint, no one earning under $250,000 annually should be voting Republican in the coming election. Based on the U.S Census Bureau 2006 Economic Survey Income Data Report only 19.26% of yankee households had incomes exceeding $100,000. That means over 80% of American families earn under $100,000 annually. The Census Bureau survey was carried out 2006 and overall incomes have declined since then. According to the Treasury Department and Congress’ Joint Committee on Taxation, joint returns with more than $250,000 adjusted gross income and single returns with more than $125,000 adjusted revenues together are estimated to make up only 3.1 % of households last year. Allow that to sink in… More than eighty percent of American families earn under $100,000 a year in support of 3.1 % of American families earn more than $250,000.This means that roughly 97% of Americans are earning less than $250,000 and can receive a tax credit under the Democratic tax proposal.

The spreading failure of our largest banks and Wall Street brokerages shows that the financial hardships of the middle class are trickling up to the wealthiest Americans. The goose that laid the golden egg in the usa was its strong middle class not it’s wealthy. Caused by Republican Supply Side economics hasn’t only destroyed our middle-class but eroded international confidence within the dollar. This is a fact that will make the street back harder.

Despite eight years of failed, Republican Party, Supply Side economics the Presidential election in November is viewed as a toss-up by most political pundits. Why? What pre-conditioning convinces Americans to vote against their own economic self interest? For my dad and grandfather it was their sense of being indebted towards the Republican Party for his or her freedom. Why would Americans in the year 2008 vote against their own economic self interest? Put simply, its race.

I am aware that political observers with far more experience and scholarly study will reason that race isn’t the overwhelming reason the contest for that White Home is a defunct heat. These pundits and observers cite the truth that people have not warmed to Obama because he is unknown and comes off as an elitist. Anyone who was editor of the Harvard Law Review has to be an elitist, right? Obama’s detractors also point out that he lacks experience, that he’s a Marxist, a Muslim and the most liberal member of Congress. Most thoughtful, unbiased, voters don’t think any of these statements is true or could be given greater weight than his plan or Platform for America, obvious superior intellect, strong family values and pragmatism. He seems to understand, that within the volatile markets of today, all options must remain open.

I was bred to be a Republican however when I ask myself will i want four more years of the same failed economic policies, the reply is a resounding “NO”. How could I vote for somebody that offers more of the identical economic and foreign policies which have brought us for this place in our history?

People don’t knowingly choose to sow the seeds that belongs to them destruction. Unless they are one of the 3.1% of Americans who earn a lot more than $250,000 a year, there must be another agenda that is more essential for them.

Since many from the polls, as of September 16th, had McCain having a lead, or even the mathematical same as a defunct heat, most of his supporters, from a numerical standpoint, have to be Americans who earn less than $250,000 a year. Which means that people who during the last eight years have lost all of their economic security, as a result of McCain backed economic policies, (he voted with Bush 90% of times), support a continuation of these policies. Many Americans revealed during primary exit polling they might not vote for Obama, a man of color, no matter his apparent intellect, moral integrity and ability to lead. “About one in seven Pennsylvania voters said race was an issue and that group voted overwhelmingly against Obama.” (David Wiessler, reuters.com) Based on Census voter registration figures the one in seven extrapolation, if put on the electorate as a whole, could translate to more than seventeen million votes. In a tight election that would ensure four more years of the same or similar policies that now define America’s national economic landscape.

Based on my analysis of this election cycle and the clear choices given to Americans seems like the Republican lead in the polls is really a prime illustration of, “The human condition.” The chance that millions of American voters will choose to allow a continuation of policies which have robbed them of the homes, savings, jobs and the ability to provide a higher education for his or her children due to hatred, fear and distrust of a worthy individual, because of his skin color, is numbing.

There might be distinguished probably many Current International Amounts of Development but for simplifying this philosophical conception we will are allocating 5:

1. Basic CILOD as much as 6000 BC

* It’s characterized with basic physical individual competition best described by archeological discoveries. Small tribal and on a move large family units mostly on a move; nomadic life.

2. Basic Social CILOD up to 1100 AD

1. It’s characterized with growing large empires and settling of tribes: explained the Odyssey and Iliad, also by the Old Testament; and also the good reputation for China, South America, Persia, Egypt and Rome. Individual competition had progressed from the perception for individual qualities value changing from mostly physical to mostly organizational when organized political structures and trained armies were most valuable then your individual physical strength; the new priorities required skills and data not known before and so the socio-economic structures of the very developed societies and countries at the time established rules and benefits with this kind of development; at first political structures were rigid totalitarian of empires as Persia, Egypt, China and then more democratic as Greece and early Rome then your early feudal structures in Europe. Probably the most important developments on this long period were the development of governmental and market structures; an upswing from the organized monotheistic religions particularly of the Christianity bringing humanitarian values extremely effective and productive to arrange social structures. Economics had changed priorities through this time around from basic individual survival of the previous period to mostly governmentally control within the old empires to the market economics from the Greeks and also the Romans and also to the market economics of the feudalism.

3. Social CILOD as much as 1700 AD

The Discoveries and Colonization of the Americas, Africa and Asia by the Most Developed Countries brought plentiful resources to the colonizers which helped the feudal socio-economic structures to start braking and developing into pro capitalistic economics’ structures; the various ways for visitors to compete for money and power gradually as well as in some countries like France abruptly through revolutions; the Renaissance has taken freedom of expressions and high expectations towards the citizens from the Western and Central Europe: the feudal structures of novelties and kingdom were loosing gradually their powers towards the new developing socio-economic structures. The historical developments of this time was impacted by the ideas for social justice and the crystallizing nationalism; more nations continues to be becoming nationalistic with feuds included in this; the large holders of power were constantly fighting each other for World dominance and at the same time smaller countries and nations were struggling to tell apart themselves from the big ones’ political and economic control. The economic growth in Europe has ignited the nationalism and chauvinism which lately brought the ideologies; the next wars of the 20 Century were already being anticipated by the building hatred among nations and countries. International trade and business even always interrupted by wars and feuds were already showing signs of importance for political and economic domination by the Most Civilized world.

4. Advance Social CILOD as much as 1980 AD

This Current International Degree of Development is characterized by

* the worldwide Colonization by the Great Powers from the world which process was considered the way in which to allow them to grow economically and politically: this sort of competition was providing them with a social-economic release tools to allow more individuals competing and contributing to their growth; the word “to keep internal peace you ought to go to war with their neighbors” was working. The socio-economic injustice and huge crock between your “having and having not”,

* the suppression of social justice by the governments; within the entire World they defended the privileged classes

* the establishment of the United States of America where individual freedoms and free market economics showed around the world what power such approach holds; it was a mass exodus of individuals from The european union, China and Japan to the New World looking for personal freedom and economic prosperity getting away from their socio-economic rulers: the united states became a symbol of the brand new coming just World.

* the technological revolutions which brought grueling working conditions and pollution;

* the October Revolution in Russia that was already based on Marxism a “pro demand” socio-economic ideology

* the truly amazing wars which exterminated millions of people and devastated many countries’ infrastructure;

* the development of ideologies possible because of the new means of communications the radio and later the television

* the decolonization of the World which came following the great wars when the great powers already devastated by the World war ii determined that maintaining their colonies was too costly;

* the post war Cold War between the Soviet Block and the Usa: in which the ideologies became ruling their Economics:

* from one side pro-demand governmentally run economies from the Eastern Block and China, which inflexible totalitarian regimes limited individual freedoms and individuals involvement in communist economics was as strictly controlled through the governments which approach in economics is quite inflexible and insufficient

* using their company side the pro supply capitalistic Usa and European Countries, Canada, Australia and Japan which differ in their Capitalistic Economics: European Countries, Canada and Australia developed a pro social economics, US a trickle down economics and Japan a pro nationalistic export based capitalistic economics closer in structure to US then to Europe; the pro supply capitalism was more progressive at the moment in building business and infrastructures thus it was giving their individuals a lot more open space to compete: even differing from nation to nation the pro supply capitalism combined with personal freedoms was giving the company fruitful space to develop and build its structures

* all of those other World was divided towards the cold war blocks’ sphere of influence attaching or detaching themselves to one side or the other: overall socio-economic justice was limited elsewhere in the World as well.

* US established itself as the frontrunner and leader of the free world as a protector of freedom and democracy in the dark forces from the communism. People all over the world admired the technological advances and the high standards of life US was achieving.

* the humanization of the capitalism: gradually it became obvious that a Market of the country could be strong only if the Demand for products or services could support its growth therefore an economics of pour redistribution of wealth might have unfavorable effect on its growth; the socio economic policies nave been gradually changing to adapt these new conditions; the Trickle Down Economics worked relatively well using the competition as main economic tool to rapidly expand the Supply and also the Demand was following it up: the expending Labor Market followed as well. Thus a strong middle class of white and blue color workers and professionals founded a strong US market advancing all of those other World in consumption and achieving higher life standards. The European bureaucracy and also the inflexible Eastern Block and China’s communist economics were no match for this; US Economy achieved total supremacy having the best economics for balancing Supply to Demand, low Governmental involvement in the Economy, easy regulations of companies launch, flexible employment regulation benefiting businesses, strong technological advance as a result of highly successful post graduate education and open immigration policies allowing intellectuals from all over the world to take refuge in US; the lower prices of oil and other commodities dictated through the huge US Market and strong Dollar.

Within this type of economy the united states capitalism achieved the greatest level of growth and it humanized it giving countless opportunities for virtually every individual prepared to do business educate themselves to participate in the economic competition.

United States of America was and still is easily the most Developed Country and Market in the World.

� Following the Eastern Block bogus system collapse the majority of the countries past members started integrating into the European Union structures and the rest open their markets towards the global competition one way or another, after China integrated within the WTO and India became an electrical source of high tech professionals and most of the South American countries stabilized politically the planet market started globalizing rapidly the old conception from the Trickle Down Economics as well of the Bureaucratically complicated Eu Economics and Governmentally involved Chinese and Russian Free Market Structures are all increasingly inadequate and inflexible to support the incredible growth accelerated through the vastly improving technologies, the internet’s informational and Globalization effect and overall the intellectualization of the Global competition: the earth has been changing so fast that none of these Economics could manage it without major disruptions in wealth redistribution: the main issue for them all is the Demand to provide balancing when giving more Individuals access in the Global competition as well as in the same time frame improving their social structures of access to good education, look after the elderly and also the socially disadvantaged, and also the over all social stability; building and looking after their infrastructures and fighting the increasing treat of the fundamentalistic terrorism.

* the dehumanization from the capitalism: the machine of Trickle Down Economics based on the Ideology of Capitalism was working fine:

� up until the point where your competition has become Global and the Conglomerates have started exporting almost all their jobs abroad to a cheaper labor and thus disrupting the Supply to Demand Balance;

� up until Japan overrun US in automobile and many hi-tech products market share;

� up to the purpose when the Eastern Communist Block was dismantled and an incredible number of skilled workers flooded the Western and US labor markets;

� up until the stage where China released its huge Sell to a freer Market business;

� up until the point when India flooded US using its high tech educated specialists and several high tech and software conglomerates open their RC there

� up until the stage where the profit margins of the small to medium US corporations doing business only upon us soil have been tightening income not able to compete towards the cheaper import and raising prices of imported commodities:

So in the end these along with other developments about the Global Markets the US Economics based on the ideology of capitalism continues to be becoming inhumane: the middleclass continues to be loosing ground, the great education has become very expensive, the infrastructure has been aging as a result of the shortage of capital as a result of the deficit triggered by the global wars on terrorism and weakening or otherwise growing enough US Economy: the entire capitalistic balance of Supply to Demand has been disrupted along with a new Market Forces have been emerging which could not be fixed using the ideological tools from the capitalism or other known ideologies: these new developments need a pro Market driven pragmatic approaches.

1. Market CILOD – Market Economics’ characteristics:

* Intellectualization of the competition

* short term between ideas and their realization allowing medium to small companies to sign up into the global market

* high technological serge on a Global scale

* global expansion of medium to smaller businesses

* heavily regulated business interactions, contracting and practices

* internet expending its role in communications, education, exchange of knowledge, sales and general business practices

* heavily regulated indirect and direct investment through exchanges or trusts

* global access for investment to medium to small investors and investment groups

* international politics dictated through the interests of the Global business and investment

* globalization from the banking transactions and credit system

* political and market economic pressure progressively democratizing all of those other World and expanding the interactive global market

* boost and ever expending international business travel

* heavy environmental regulations

* Global struggle to fight fundamentalism and terrorism

Chapter IV Philosophy of “Market Stability”

The free market competition was in the very foundations from the capitalism and therefore the market economics which too relies on the competition and Market balance is really a continuation from the scare resources economics of the capitalism but because of the new market environment it differs into a pro Demand to provide relativity’ heavily regulated economics. This new environment is prompted by the new developments: the web, the marketplace globalization and the political liberalization of many areas of the World that will better serve a worldwide growth; by being well regulated it will prevent business and investment fraud, and uncontrolled pollution to determine relative security available on the market exchanges and business practices and by establishing security on the Global market it allows more individuals from all over the World to participate in the Global intellectual and market competition that will engage their creative powers, increase their life conditions and thus prevent religious fundamentalism and terrorism from expanding their destructive activities currently depending on lock of opportunities and widespread poverty.

The new

Chapter V Psychology of “Market Stability”

Several points could comprehend the individual attitude

Processes

� Intellectualization

� Globalization

Qualities

� Flexibilities and adaptabilities

� Open mind

� Individualization of economic

� Self reliance

The brand new system will break old ideologies of the pro Scares Resources capitalism and socialism or communism, it’ll extinguish nationalism and chauvinism the co-products of even previous degree of development thus an aggressive personal development with access to Global market of science, investing and business will change the values of importance. The relativity of wealth within the new product is in line with the constant appreciation of assets all around the World which means that cities and countries will compete for his or her place to attract people with hi intellectual and business qualities the internet’s communicational and educational abilities can give the possibilities to individuals who in the previous system lost of competition. Within this kind of new competition the old created self confidence depending on nationalistic belonging, or advance classes or any other belongings may have less effect on the access to the worldwide competition for people therefore the individual values of intellectual power will be preceding and promoting these individuals. The qualities of life succeeded by individual countries and they will be called Most Developed Countries will attract advantageous visitors to move there; such processes are already very well established in Western Europe which sucks intellectuals from Eastern Europe and from so far as South usa, and the United States which does exactly the same from India, China and all sorts of over the World; even internally for China being an examples this processes work where the urban areas suck intellectuals from the rural areas together with migrating workers: the process of concentration of intellectual powers by relocating these intellectuals is a very small part of the picture of globalization: there are much more advanced processes in action by which universities and firms is going to be approaching individuals located elsewhere for virtual education and self-employment providing more and more opportunities not relating their physical locations; the psychology of globalization is all about expanding global access for individuals towards the global intellectual competition; in connection with this global investment will play the role of fueling local economies and therefore promoting business competition: when the small to medium corporation and investors in the Most Civilized world possess a better secured opportunities to invest Globally the need for their investment is going to be much higher within the Less Civilized world or as a matter of fact exactly the same approach applies for that internal for these countries less developed areas of their own regions: this kind of raising the value of invested capital will widen the margins of return and provide probably the most Civilized world with a huge coming of Power of Equity which assets will b elsewhere.

The psychology of this type of development is one smashing the old system of ignorance toward the rest of the world’s problems too: not only the environmental and rising fundamentalism concerns are prompting close integration about the Global scale but the good sense of limitless opportunities for business and investment expansion using their wide margins of return will push this sort of attitude of globalization.