$700 Billion = $12,000 per American family of five
-Economic turmoil began as a result of the subprime housing crisis.
-Early 2008 forclosure rate: 0.83%
-Delinquancy rate: 5.82%
-Median American home price before market crash: $230,000
-Home Ownership rate currently ~70%
With a little simple math:
Now, I'll be extreemely generous here and assume prior to this economic crisis, delinquancy was 0.0%, and that all delinquant loans would NOW be forclosed on. This would mean 1 out of every 17 homes in the country would be siezed by the Bank. BUT, if the government decided to help the individual home-owners who needed it by allocating a portion of the $700Billion directly to them, they would give each delinquant family of five $290,000, which is $60,000 ABOVE the average home value! But what are the chances they're gonna attempt to help Main Street?
Americans have absolutely NO IDEA how badly they are getting screwed!
Monday, September 29, 2008
Saturday, September 27, 2008
Counterfeit
It finally happened. I've seen hundreds of people discussing the current economic turmoil, but I finally saw one I agree with. His view is that we've borrowed and spent ourselves into debt. The market NEEDS to crash, because it is overpriced. Government intervention can only worsen the problem, because you can't solve an economic crisis with a printing press. People are so far removed from the basics of the economy that they can no longer understand the fundamentals of the dollar.
We live in a world where people truly believe they can work (and earn money) from home. News Flash: You can NOT! -well, the vast majority of you- I'm not saying you won't recieve a check, I'm saying you won't earn money. If you cannot see the difference between the two, then you are the cause of our problem.
The government is going to bail out Wall Street with a $700 billion package. But it is impossible for this to fundamentally solve the problem. There's a reason why I'm not allowed to photocopy money and spend it. The same fundamental behind that truth is the fundamental that will lead to the collapse of the American economy.
We live in a world where people truly believe they can work (and earn money) from home. News Flash: You can NOT! -well, the vast majority of you- I'm not saying you won't recieve a check, I'm saying you won't earn money. If you cannot see the difference between the two, then you are the cause of our problem.
The government is going to bail out Wall Street with a $700 billion package. But it is impossible for this to fundamentally solve the problem. There's a reason why I'm not allowed to photocopy money and spend it. The same fundamental behind that truth is the fundamental that will lead to the collapse of the American economy.
Wednesday, September 17, 2008
Accountability
First view this again:
http://www.youtube.com/watch?v=wQK1al91drs
You know, there are several top executives likely heading to jail for a very long time for supposedly misleading investors in the recent Mortgage Meltdown. They are being held accountable for misleading the public. But then we have these clowns in the video (amoungst many others), who are obviously misleading the public on a Pesidential Election! And this is commonplace now. WTF?! I WANT THESE GUYS IN JAIL! They are influencing the masses of the morons, just like the mortgage firms did. Only its far more blatent. And in the end, not only will I get stuck with a house that's lost half it's value, but I'll have an incompetant President as well. I repeat, I WANT THESE GUYS IN JAIL, or as least send them to Iran where they'd cut out thier tongues for speaking such garbage.
http://www.youtube.com/watch?v=wQK1al91drs
You know, there are several top executives likely heading to jail for a very long time for supposedly misleading investors in the recent Mortgage Meltdown. They are being held accountable for misleading the public. But then we have these clowns in the video (amoungst many others), who are obviously misleading the public on a Pesidential Election! And this is commonplace now. WTF?! I WANT THESE GUYS IN JAIL! They are influencing the masses of the morons, just like the mortgage firms did. Only its far more blatent. And in the end, not only will I get stuck with a house that's lost half it's value, but I'll have an incompetant President as well. I repeat, I WANT THESE GUYS IN JAIL, or as least send them to Iran where they'd cut out thier tongues for speaking such garbage.
Tuesday, September 16, 2008
Conservatives
I'm really begining to resent Conservatives. Why? Because I am the REAL Conservative. The people running under the 'conservative' name do it just to get my vote, not because they are actually of my standpoint on the issues. Palin is big with Conservatives. I won't even get into the earmarking (which is extreemely troubling). She gave Alaskans a $1200 tax rebate last year. She flaunts this fact. But for every federal tax dollar her state collected, she swindled back TWO! Where did that $ come from? ME...YOU... And somehow Conservatives seem to love this girl? Gimme a break. Once again, before you vote, THINK!
Monday, September 8, 2008
The State of the West.
This post will likely turn into another mangled blob of words. I apologize. I must say I am DEEPLY disturbed by Palin's statement that US troops are on a 'mission from God'. Last time I checked, that's kinda what Bin Laden is claiming. I just finished watching a video of (allegedly 90) Afgan civilians lying in pools of blood after one of our attacks. The US military reported 5-9 injured. I won't condemn the troops involved... I'm sure they were provoked & followed thier judgment.
The thing weighing on my mind is this: We live in a world where a presidential contender can NOT say he wants to end the war in Iraq without adding immediately after 'and bring the troops to Afganistan'. No one can say he wants to end the killing. We'll just re-direct the forces and kill a different group... Don't wanna look weak... Seriously, I cannot understand this thought process. I know I'm on the opposite side of many others on this issue, so please explain this to me...
The thing weighing on my mind is this: We live in a world where a presidential contender can NOT say he wants to end the war in Iraq without adding immediately after 'and bring the troops to Afganistan'. No one can say he wants to end the killing. We'll just re-direct the forces and kill a different group... Don't wanna look weak... Seriously, I cannot understand this thought process. I know I'm on the opposite side of many others on this issue, so please explain this to me...
Friday, September 5, 2008
Universal Greed
How is it that, while the middle class in America is (collectively) the most powerful voice in the country, they still tend to get the raw deal in nearly every situation? While I'll claim to know the answer, the situation still boggles my mind. The Middle Class is GREEDY! Follow the guy who says he's gonna give you something. It doesn't even matter if you know he has nothing to give... Follow him anyway.
Of course in the end you get nothing besides the leadership of a liar, who will use his power to help his powerful friends and whatever other powers helped to persuade you to give your support. It's sooooo surprising when the systems they implement go bottoms-up.
The purpose of government has been greatly compromised. Government exists ONLY to ensure an environment exists that allows its citizens to live up to thier full potential. It's not there to do something for you... It's there to tell you that you can do it for yourself. Or at least that's what its supposed to do...
Of course in the end you get nothing besides the leadership of a liar, who will use his power to help his powerful friends and whatever other powers helped to persuade you to give your support. It's sooooo surprising when the systems they implement go bottoms-up.
The purpose of government has been greatly compromised. Government exists ONLY to ensure an environment exists that allows its citizens to live up to thier full potential. It's not there to do something for you... It's there to tell you that you can do it for yourself. Or at least that's what its supposed to do...
Tuesday, September 2, 2008
I Can Lead A Nation With A Microphone
O, the talking... But not the truth. The tax burden on the Middle Class. Obama wants to decrease this, and raise the burden on the 'rich'. And a lot of these rich guys don't seem to like it! I've seen MANY of them bickering on the news about how Obama is gonna 'raise taxes'. Now since we know the real plan is to LOWER tax on families making under 250k/yr, I'll face the arguments that may SEEM to make a little more sense.
Really the only comeback the Republicans can make is: It would be catastrophic to take extra $ from investors & businesses in this economic downturn. Hmmm, yes, I'll admit this sounds somewhat compelling. But wait a second... I can remember a time when the Bush administration provided an economic stimulus package. Now, to hold consistant on the Republican position, that 90 billion dollar stimulus package should have gone into the hands of the rich investors and business executives. But it didn't! No, to stimulate the economy, they sent tax rebates to the middle class. So I only ask one thing of anyone believing what they hear from that side... THINK before you vote.
Really the only comeback the Republicans can make is: It would be catastrophic to take extra $ from investors & businesses in this economic downturn. Hmmm, yes, I'll admit this sounds somewhat compelling. But wait a second... I can remember a time when the Bush administration provided an economic stimulus package. Now, to hold consistant on the Republican position, that 90 billion dollar stimulus package should have gone into the hands of the rich investors and business executives. But it didn't! No, to stimulate the economy, they sent tax rebates to the middle class. So I only ask one thing of anyone believing what they hear from that side... THINK before you vote.
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