Just Exactly Who Is Obama Trying To Help??!!
By rodney850
@rodney850 (2145)
United States
March 12, 2009 11:07am CST
President Obama has a plan for the distressed mortgage holders in America, or does he? Whether or not you support the president, one thing is perfectly clear; his plan totally ignores a great majority of the people who need relief the most!
Here is an article that explains why this is so:
http://www.newsmax.com/morris/morris_mortgage_obama/2009/03/11/190808.html
It amazes me that so many Americans are still enthralled by this baffoon! If it wasn't before now it sure as he11 is now, he has no clue about what he is doing and I gotta tell you folks, we can no longer afford the "trial and error" approach!
Any thoughts or ideas?
1 person likes this
5 responses
@newtondak (3946)
• United States
12 Mar 09
It is becoming more and more apparent that those who are making decisions about the use of our tax dollars are not living in the real world. The conditions set forth in the mortgage relief package do not address the majority of the American population experiencing problems making mortgage payments.
On the other hand, many of the mortgages that exceed the market value of the home, do so because the owners have taken out home equity loans for reasons other than to make improvements to the home.
1 person likes this
@newtondak (3946)
• United States
13 Mar 09
That's not going to happen - Obama used the fact that he supported the farm bill (and farm subsidies) to get the vote in a number of mid-western states. McCain had said outright that he would do away with them. Now that he's elected, Obama has said that he's going to do away with farm subsidies to farmers with more than $500,000 in farm commodity sales. Many fail to realize that the farmer may have spent up to or more than that amount to produce those crops.
The farm subsidies came about as the government's response to farmers' objection to government "interference" in grain and livestock markets - using these commodities to bargain with other countries.
What if the farmer were to name his own price for his corn or wheat or beef as other businesses do instead of having to sell at whatever the current market price happens to be? If you think food prices are high now - you'd soon find bread at $5/loaf and milk closer to $10/gallon!
1 person likes this
@Arkie69 (2156)
• United States
13 Mar 09
I'll tell you the ones they better be helping and that's the farmers and others that are producing our food and the trucking companies that gets it to us. The water companies also need help to be sure they can supply clean drinking water. We can live just fine without all these banks, insurance companies, auto makers and all the crap they are spending all this money on but we must have food and water.
You let the food or water run out and you have problems you won't solve with all the money in the world. People will be killing to get food and water within a matter of a few days. Think what the LA Basin or New York City would become if the food and water ran out. That's what we need to be stimulating. Most of the farmers were in bad shape before this thing even started.
Art
@Arkie69 (2156)
• United States
12 Mar 09
Personally I think Obama is dirt stupid. He is letting Pelosi do his thinking for him. Obama and Pelosi working together have bankrupted the United States and he isn't done yet. The only ones he is helping are the ones that can help keep him in office. The working people are the ones to pay for it. Isn't that the way it always happens? He has no plans to do anything he promised to do before he was elected. That should be clear to everyone by now. People that can't see this are conning themselves. The United States as we knew it is gone and the sooner we admit that and get to putting together a good battle plan the better off we will be. It will be a battle to just survive before Obama is done.
Art
Art
1 person likes this
@Destiny007 (5805)
• United States
12 Mar 09
I think the 0bamunist knows exactly what he is doing. He is deliberately trying to destroy our economy in order to make it easier to push his agenda to turn America into a socialist country.
When enough people are hurting it will be much easier to get this done as people will be ready to accept the change from capitalism.
We can't afford to let this happen, the question is how do we prevent it?
1 person likes this
@stacyv81 (5903)
• United States
12 Mar 09
well it seems the same as those people who try to help you out of your credit card debt, but you dont qualify unles you are in debt $5,000 or more...It makes one think, lets get more credit until we reach it!! lol
But seriously, I wish more people would looked passed Obama's exterior and focused on what he was saying vs what was possible and actually looked into the issues before voting for him...
I agree with you on trial and error approach.
He is pretty hypocritical.. He said he was against the bailout, but voted for it!
I just dont know, I hope I am wrong and he turns this thing around, but I dont think I am ...
@spalladino (17891)
• United States
12 Mar 09
I thought I had heard that there were provisions in there for folks who are upside down in their mortgages to rewrite the entire thing based on the new value but I guess I heard wrong. I did hear about the 31% of income requirement though and a lot of folks down here in Florida are livid because so many are either unemployed or earning less than they were when they were originally approved for the mortgage. This is grossly unfair.
1 person likes this
@rodney850 (2145)
• United States
12 Mar 09
Spalladino,
Yes, unfair at the very least! I fear that this is only the beginnig of "unfair" in America!
1 person likes this
