Saturday, February 14, 2009

Our Economy and the O Bomb



It looks like our economy is about to take a hit.  Bigger than the one conceived by the terrorists when they began trying to blow up the World Trade Center in the late 1900s.  This one consists of random special interest programs the Democrats have been unable to get through during the years of the Republican controlled White House and Congress.

This coming Tuesday our president is scheduled to sign the Stimulus bill into law.  The amount of misinformation and lies associated to this package is astounding.  Nobody has read it cover to cover.  The positive effects are expected to be minimal, less than $15 per week per person in net gain.  The negative effects, gross government spending and expansion, will last until the house of cards collapses into something we do not recognize as the United States of America.

Brace yourselves, the O-Bomb is gonna detonate our economy Tuesday..
Posted by Blog Friend at 8:10 PM
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The Mortgage Crisis

The mortgage crisis could not have been an accident. The people that "approved" the mortgages KNEW that:

  1. Were going to have prohibitive payments in 12 to 24 months
  2. Were going to be on property worth far less than what they sold for within 12 to 24 months
  3. Would be forclosed on because they couldn't sell for the amount of the mortgage

Bankers blame it on homeowners making bad decisions or not having foresight. However, those bankers get very uncomfortable when you point out that these mortgage were all approved by bankers that get PAID to know the market and it's trends.

When you point out that regular people like you and I saw this coming back in 2004/2005, they start to tap their fingers and look around nervously.

The short answer is that they set us up and we don't know "why".

Mortgages traditionally require people prove they can make the payments even when the market is not headed down. The banks knew exactly what they were doing...

The Media On It's Knees

Why is it that the mainstream media is clamoring on their knees in front of Obama as if their unwarranted affection will somehow lower his zipper and give them what they so desperately seem to want?