8/30/08 On The Eve!
As our politician's race around frantically trying to save the economy from the checks and balances of the free enterprise system, one can only wonder when we become a socialistic state. A State If I Might Be So Bold...You Know...Like Cuba, Crazy isn't it that a few bad loans can literally destroy the largest economy on the face of the earth.
And even stranger that in the face of the largest public outcry in the history of America, the finest Politicians Money Can Buy are Grimly determined to pass this most sweeping and comprehensive Bail Out of Big Money in The History of the World? American Manufacturing Job's at an all time low percentage of the work force. An Economy Supported By Nothing More Than The Value of It's Stock Portfolios! Wall Street not Main Street has become the Mantra of the Land, leaving middle class Americans wondering why there 30,000 a year incomes are being taped to pay the Multi-Million Dollar Golden Parachutes Of The Very CEO's that caused the problem in the first place. Greed, Corruption, Power and you guessed it, lobbyists Greasing The Political Wheels Of Progress are at the very cause of these issues.
A System rotten from the top down, one where Corporate profits have been surged every time an Americans job has been outsourced overseas, manufacturing job shipped to China or replaced or displaced by Cheap Foreign labor allowed to Slip Unnoticed into our country! All with tax Breaks To Company's Encouraged By Our Political Leaders to do so! "THE SKY IS FALLING...THE SKY IS FALLING"!
This culture of fear threatening us with the loss of our jobs, homes and retirements,
has been heard on main stream media demanding we support this future enslavement of our children and grand children.
STOP THE MADNESS!
Fact: a recent survey has indicated that there is less than a hundred billion in foreclosed or delinquent sub prime and prime loans! So Why the 700 Billion Dollar plan? Gosh...Couldn't we buy everyone of these mortgages out and let the people live in their homes until sold allowing us to actually recover something of value And...Do Some Thing For The People Who Need It Most?
OF COURSE WE COULD!
But.....Wall Street Needs The Bail Out! Wall Street Not Main Street...Remember!
But The Banks Aren't Going To lend Money You Might Say...The Collapsing Credit Markets? My Presidential Candidate Said So!
Guess What....If The Banks Don't Lend Money They Don't Make Any Money! However....If They Wait A while...They Can Charge You More Out Of Despiration!
AH HA! Just Like in 1929 the federal reserve and the banks limited the money supply getting exactly what they wanted. Lot's of properties at cut rate prices and the ability to charge what ever they wanted. Oooops! Did I Say That? I must have heard this some where.
Question? How Much Money Do You Have In The market? How Much Money Do You Have In Your Retirement Plans At Work? What's To Guarantee that 1 cent of that 700 Billion will be available to guarantee Your Assets? I recently was at a break fest meeting with a gentleman who lost his entire retirement when his fortune 500 company bit the dust! Who Bailed Him Out...No One!
Why Do You Think The Politicians are Rushing This Through During A Cloak Of Darkness? Is it For You Benefit? I Wonder...Don't you?
It's not the bad mortgage loans that are the problem...Only a small percentage of the delinquent loans are/were sub prime. The Majority are Prime or good credit loans where middle class American husbands and wife's both working can no longer make enough to pay their mortgage after losing their good jobs to outsourcing, cheap foreign labor, and a seeming indifference by Big Business and Politicians to their plight. Our Current Political Candidates talk a good story, but you didn't hear any protests when Mc Cains Wife...You Know The One With The Beer Distributorship...Found She Stood To make Big Bucks When Her Business Was Bought Out By A Foreign Company.
FREE TRADE IS NOT FAIR TRADE!
Ops...Not Again!
Shouldn't American Political Leaders And Big Business Employ The Same Predatory Practices That Japan And China Have Used To Suck Us Dry?
Of Course They, Should, Could Would...But Then Again There are Those Lobbyists And All Those Political Contribution And Then Those Bottom Line Tax Credits.
Americans....I Can Only Say!`
"Stop The Madness"
Do You Realize How Absurd It Is That Our Politicians Spend Weeks Trying To Determine if a retired ball player took performance enhancing steroids but Rush To Pass a 700 Billion Dollar Bail Out Of Wall Street! Not main Street...Make No Mistake...THIS HAS NOTHING TO DO WITH YOU!
It's Simply One More Golden Parachute For Big Business.
It's What They Don't Tell You That Will Hurt You!
Joseph R. Vlasek is an experienced 20+ year veteran of Conventional, FHA & VA Mortgage Lending. He is currently the manager of Colorado Springs Mortgage and its 24/7 on line lending division Best Rate Mortgage.
For Additional Information "24/7" visit his personal web site http://www.ZeroDownBestRate.com Or you can contact him at 719-785-1142 or 888-242-8572#1142 jvlasek@lendingcolorado.com
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