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On this Page: 09-30-2008: The Mortgage Bail Out of 2008?
10-01-2008: The Senate will vote today!
Please Vote: Our
un-Official Opinion Poll
09-30-2008: The Mortgage
Bail Out of 2008?
So it
occurs to me that in the last few years there were all these
people talking up the housing market. There were scams
that I would hear on the radio about "Flipping houses by buying
and selling them for a profit" OR "Learn how to make millions of
dollars in the real estate market without spending any of your
money".
It really was a bunch of people getting greedy and
buying these houses to make a profit or get more than they can
afford. YES, I know... Not everyone falls in these
categories. Yes, I know, there are people that got loans
that could not pay them due to a lost job or some tragedy - IT
HAPPENS EVERY DAY! I do not think that the majority are
people down on their luck like the like the crooks (who are
making the money) want you to believe. It's not my
fault that so many people can't pay their bills. I would
venture an educated guess that most invested (to flip a house or
buy a home) to gain some sort of profit. Or maybe put
their money in the Stock Market which is not guaranteed income.
Then I get
asked, "John, what about all those people and their
retirements?" My answer is simple, Those people who ripped
off the investors should be imprisoned and all their money
confiscated! Then on the other hand, the stock market is a
gamble isn't it? It is not a guaranteed thing and never has
been. If they want to invest in a HIGH RISK stock to gain
a large return, then it is their RISK. The Stock market is
a gamble because it is not guaranteed.
So the
question arises... Do you think that we tax payers should pay
for this bail out? I do not think think so! This is
America where you have the freedom to succeed or fail. I
hear rhetoric about some people that did this on purpose to
steal money to get ahead (thinking Enron). If this is so,
then these people should go to jail.
Now these
politicians want to bail out these large corporations which are
led by those with big paychecks - they are getting money and the
company is failing. Do these politicians have an
investment in these failing companies? With Fannie Mae and
Freddie Mac being some of the biggest portion of the bail out,
it is a wonder that the citizens do not storm Washington. (Get
your torches and your pitchforks ready - we villagers may have
to get restless.)
There are a few politicians that have received donations from Fannie Mae /
Freddie Mac and the top four are: 1. Dodd 2. Kerry 3. Obama 4.
Clinton. I figure it was their fund raising money.
So the
money to bail out... $700 Billion (that's $700,000,000,000.00).
If you divide this up amongst all the Citizens of this Country
over the age of 18 (about 227,713,184
people - 2007 census), then that is $3,074.04 per adult
averaged out among those who pay a lot more.
Double that at $6,148.08 for a married couple. I
do not want to give that up do you? Do you understand?
That is $3,074.04 per adult (or $6,148.08 per couple/family) of tax money. Not TO us
citizens but FROM us citizens.
Even though
it failed the House of Representatives, the Senate is scheduled to take up debate on the $700 billion bail out on Wednesday.
Article 1, Section 7 of the Constitution states:
"All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills."
Keep the
pressure on! Call your
your elected officials and make it clear that we want
no part of any financial bail out for Wall street!
That's the way I see it - John
Gorena.
10-01-2008:
The Senate will vote today! (the following is taken
from grassfire.org and modified a little):
After
powerful public backlash brought the $700 billion bailout
crashing to the House floor, Senate leadership picked up the
banner and will vote on the bill tonight (Oct. 1). Don't be
fooled. At its core, this is the same $700 billion bailout
bill--only bigger.
What started out as a 3-page bill by Treasury Secretary
Henry Paulson, grew to 110-pages in the House, to 400-plus pages
in the Senate. In fact, the Senate's new "colossal" version of
the bailout bill includes a package of tax earmarks, including
goodies for Hollywood, Alaska and auto racing tracks!
Nothing has changed from the House bill, and passage
would usher us to the doorstep of socialism!
I'm urging ALL to take IMMEDIATE ACTION against Senate
leadership
right up to the vote this evening demanding they stop the
madness--seeking instead free- market solutions!
The action we take over these next
hours may well determine the fate of our nation. Please take a
stand against the Senate’s $700 billion bailout. Take a stand
against a socialist solution, and take action to secure our
nation by calling and faxing today!
P.S. After making your calls and scheduling your faxes, continue
alerting your friends and family throughout the day to follow
your lead. This is a critical time, and we need as many citizens
as possible taking action!
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