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Voice of the Voter - This Week's Stories

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Bailing Out Wall Street

It is not irresponsible home buyers that sunk Wall Street. Letís analyze what happened to the Real Estate market. Buyers in homes they couldn't afford? Well sorry but look at the at least 10 million workers laid off since 2000, some 800,000 just since Feb 08, 80,000 in just the month of August 2008.

How do you suppose those citizens are paying mortgages? In Jan 06 our auto manufactures laid off 90,000 employees all over the nation, this is the trickle down economy, as these citizens could no longer pay their bills. This is planned obsolescence of our nation, to turn us into a third-world nation. Total domination by the Trilateral Commission, then downsizing the population with Aids to reduce the world population down to about 1 Million people, so that the very rich will have the resources saved for them. The 1Million people allowed to exist will provide for the rich, and the amount of oil, and other resources will last the rich to live and enjoy while we slaves provide for them. You have to look at the whole picture as to what is happening.

I've always been in to research and analyzing, and I've reviewed this whole history of the New World Order plan that started about 1915, and it is working. I'm using Google Maps and Street View to see what has happened to Detroit, MI, the destruction in that town with the failure of the auto industry, and the total shut down of all the retail establishments in town. This unfortunately is happening all over our nation.

The Bailout right now is the start of this destruction for our entire nation. The Stock Market is going to continue to slide, and panic will set in next year if not sooner, then you will see even more unemployment, and more stores closing, then more factories closing and leaving America. If we continue with the Republicans or Democrats this will happen.

How did homebuyers survive for 2 to 10 years in homes they bought? They had jobs, but then get laid off, the men downsized, and the wives go to work, and still they couldn't continue to make house payments as the interest rates climbed from 8% to 14% by these mortgage companies. So here we are now. Can we survive? Do we want to survive?
Don Cordell - Independent Candidate for President | E-mail Comments on this article. | Click icon to Digg this article

The Mortgage Bailout

Let me start right off by saying I hate the term bailout because that infers that we are going to just give someone money to get them out of trouble and that should be the last thing we do. I'm not saying that something shouldn't be done, because if we don't then it is very possible that the economy will really end up in a mess, but we need to do it right for a change and not just have our politicians throw around huge sums of our money with no expectation of return.

What sort of message does that send? Is it mess up big enough and you can walk away rich? Is it the rules don't apply to Wall Street? I think a lot of people think that both of those things are true.

Where is the responsibility in such an action? I don't see it and a lot of people need to take responsibility for what has been done to the American people and the world.

People need to go to jail. People need to lose everything they own and I'm not talking about the borrowers/homeowners here. I'm talking about the people who created this mess solely because they could earn larger and larger fees and huge incomes.

One of the most disturbing things to come out of this so far is the huge separation payments that the CEO's of Freddie and Fannie are to be paid as a result of their contracts. That is absolutely ridiculous. Those two may have overseen the complete destruction of the economy of the United States and possibly the world and they get paid millions and millions of dollars to go away. Part of the agreement with the government for their "bailout" should have been a prepackaged bankruptcy filing which would have allowed those contracts to be voided - period. Then we see about throwing them in jail and taking their assets.

When the federal government bailed out AIG, it did so by giving the company an $85,000,000,000 loan and it took ownership of 79.5% of the company. That looks more like an investment than a bailout to me and should probably be called such. It also gives us, the American taxpayer a chance to get a return on the investment. It may even turn out to be a good investment and make us, the American taxpayer, some profit.

That's the type of bailout we need. All amounts given to rescue financial institutions must have some expectation of being recaptured through future profits and loan recoveries.

Are we going to get that type of bailout? I doubt it, because now all the partisan politics and lobbyists are jumping into the fray. At first this was just a "bailout" of the home loan problem, but now they are talking about throwing in bad credit card debt, bad car loans, bad whatever they can think to throw into the mix. They also want to use this process to "save" all the greedy homeowners who bought too big a house or refinanced too many times. When politicians start throwing your money around to buy votes - look out!

Something has to be done, but it does not have to be done today or tomorrow. Soon, yes, but let's do it in a rational way and let's do it so that it benefits all Americans. Let's also do it in a way to show people they had better not do this again or the consequences will be dire. As long as we are working towards a rational and logical solution the markets will stay calm. The financial markets live on expectation and if they expect that things will be done properly they will be fine in the interim.

Frank McEnulty - Independent Candidate for President | E-mail Comments on this article. | Click icon to Digg this article



Get Involved

Do you sit and yell at the TV when politicians come on? Do you shake your head sadly whenever you see a homeless veteran? Is that all you tend to do?

It's time to put up or shut up America. We all love to talk about how we could do things better or how we would do it if we were in charge. Well, it's time to put your money where your mouth is. If you can think of it, you can write it down. If you can write it down, you can type it. If you can type it, you can e-mail it and if you can e-mail it, you can send it here.

We at Reform America are committed to giving voice to anyone who wants to put their ideas out there to make our nation a better place. As the readership grows, we are able to take those views to a wider and wider audience. Grassroots campaigns begin with voices speaking out. You have opinions. Voice them. We aren't about conservative or liberal. We aren't about pro-this or anti-that. We're about Americans and the First Amendment. Reform America is about politics by, for and of the people. You are the people. You only need to speak up. America is listening. Send your article to: stories@reform-america.net



Have You Been Downsized Due to Outsourcing?

For several years now we have listened to some within the business community tell us that America can't compete on a global scale unless they send our jobs overseas where they can be done cheaper. The question becomes, if we don't have good paying jobs here, how can we sustain our own economy? We want to hear from you. Have you lost your job? Have you been forced into a lower wage job due to outsourcing? Has outsourcing been a success for you? Did you end up in a better job?

Tell us your story so we can make sure the politicians see how outsourcing really impacts the workers who are backbone of America. Send your story to stories@reform-america.net

 

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