Originally posted by: sportage
Well this is a vent (rant) that should make a lot of here republicans happy.
But as a liberal democrat, it will admit its true that democratic politicians truly believe the government can spend your money better than you can. Nothing has changed in that area.
Case in point... housing bailout and tax relief.
So workers will be getting around $13 a week for a tax break?
Where as folks having mortgage problems can "apply" (or whatever)
for some kind of bank mortgage relief?
And the bottom line? any relief or help will still be at the mercy of the greedy banks.
Don?t fool yourself. Banks will care NOT about your bottom line, only theirs.
So don?t count on much, if you are someone that falls within that ?mortgage crisis? problem area.
The tragedy here is with spending tax dollars on Fannie and Freddie, from the stim/housing package.
What Fannie and Freddie?s do is pay banks 80% on those home foreclosures.
That?s mortgage loan insurance, people.
Why should the banks risk ?working out? terms with the home owner, when the bank
could (and did):
#1 foreclose,
#2 get 80% on that failed loan from Freddie, and
#3 also got the home owners property back.
Now ?that? is a win win win situation for the banks.
Problem was, Fannie and Freddie went belly-up insuring all those failed loans.
And thus, our little saga begins (or began).
Here come your tax dollars to the rescue!!!
Right into Fannie & Freddie?s pocket.
And for what????
To pay those banks, again, their 80% on failed loans.
Win win win is back, Mr banker!
So do you REALLY believe that bank will have ANY desire to work with those ?foreclosure facing? home owners? Hehehe?..hehe
Just another train wreck in the making, funded this time by YOU, the tax payer.
I am now convinced that little if any of this stim package will really help much,
neither will the housing bailout/assistance program, with helping those that need it.
The remedy is simple. But you will never hear it from a democrat in congress.
Simple in that they could easily kill two birds with one stone, as it goes.
How? Simply give everyone a substantial tax relief benefit NOW, and for, say,
the next 12 - 18 months.
If every ?paycheck earning? workers tax holdings was cut by 50%, or better yet 75% for the next 18 months, then everyone could afford to get back on their feet. Folks behind in mortgage payments could afford to catch them up, and everyone else could afford to spend those dollars in truly "stimulating" sales and i.e. the economy.
If working people were given a substantial tax break, then this mortgage
crisis would pretty much cure itself.
That is? those that played by the rules but experienced bumps in the old personal financial road, they would have the money in their pockets to remedy their problem.
And for those that bought beyond their ability to pay in the first place, let them fail.
Government assistance programs will never cure a bad mortgage.
And?
Government assistance programs will never cure a good mortgage.
After all... what ?paycheck earning? folks simply need is "real" tax relief.
Other folks behind in home mortgages, without a job, will never in reality
save their home just by getting some gov assistance.
What they really need is work, plus tax relief on top of that.
But I now realize, and its clear, we will never see a change in that democratic ideology of government knowing best when it comes to spending your tax dollars.
Yes! For the most part we are thrilled a black man has been elected president.
History making, and YOU were there.
But beyond that, not much is going to change.
So, as a liberal democrat, I know most folks will all but have forgotten the GW Bush years, after the next two years has passed. The voters have very short memories. The republicans should have a strong clear shot at regaining power.
That is, if they can put a hold on their right wing nut cases (i.e. Sarah) , airport bathroom visitations, and the Bush-era corruption.
I will wager Newt Gingrich to play a major part in the next election.
And if republicans play their cards right, and smart, they should
have no problems regaining much of the losses during the Bush years.
And I for one, a liberal democrat, will be paying close attention.
Because sadly, it looks like democrats still have not learned their history lesson.
And that is why I vent. Because I?m not a happy tax paying camper, riding on the train wreck express. Especially when the solution is so simple a child could have figured it out.
I thought this new group I elected would know better. Guess not?
Facebook
Twitter