Here are the facts for you Average Americans.
Posted: Sunday, September 28, 2008
by straight talk
Number one if you make between $40,000 and $50,000 a year combined income you are an average American. Frankly that gross income for many is much lower. So when you hear your candidates talking about helping "The Middle Class" get this straight that is not you. Obama himself set the starting salary at $95,000. So while you may believe or want to believe that this is so, that is your choice. The reality of what they do, their deeds speaks otherwise and you can believe that or not. If this bailout and all the rhetoric surrounding it doesn't speak to that, then quite frankly nothing ever will. In fact both candidates are running far and wide from it saying little to nothing of substance, fact, regardless of what their backers say. Look Obama ran right to the Democrats and McCain well he blew smoke but didn't do much either.
Like Comprehensive Immigration and other concepts Americans do not want they run away from it knowing in their hearts what they stand for and will do.
Here is what Obama is quoted as saying in The McClatchy Washington Bureau report, "They are identical to the things I called for the day (Treasury Secretary Henry Paulson ) released his package," Obama said. "That I think is an indication of the degree to which when it comes to protecting taxpayers, I was pushing very hard and involved in shaping those provisions."
But Democratic staffers familiar with the congressional talks say that neither Obama nor his staff had any significant involvement in shaping the package, and that all several Democrats as well as some Republicans championed the items he praised."
Cough, Cough. Sorry I had to choke on that one.
So here is the absolute facts in my opinion based on what has been happening with this new bailout. You decide, not in what they say, although many of you will cling to that, but what they deliver to us. It will be smooth talking and you will of course eat it up. It will be wrapped in all the "protection" they can give you. Why, because they understand their duty. Too bad only after it all happened, but now they are on the job and don't fret any longer. You can trust them. Yes Nancy no stated today, no more Wall Street bailouts. Are there any left and are they on Wall street? Oh she didn't clarify that nor did they speak to the foreign banks they helped, did they?
So here are some opinions for you average Americans to consider. [That is you who are reading this and if so pass it along to a friend because they may not have the Internet].
# 1. Do not count in anything this government will do except ignore you and your plight. You are not who they are speaking to. You are NOT Middle Class Americans by their own definition. You are to them the irresponsible, non Credit Worthy types who have no Personal Responsibility. You brought it all on yourself, not them.
#2. If you care to believe them and vote for them then you deserve what you get. Yes evil begets evil and evil is what we are all getting and "that's a fact Jack" in my opinion as the movie line goes. Sorry if your upset but tell that to the homeless or those who will close their jobs and be evicted this year. Yes your average American neighbors. No love there now is there?
#3. If you owe more on your mortgage then what you signed for they are demanding YOU PAY it back. No Bailouts or help for you. You need to stand firm to your agreement. Yea , right? If I recall an agreement entered into with evil intent is not a legitimate agreement to start with morally? Yes only binding to the thief. #5. Oh and yes, those bad debt home mortgages they bought out that will turn a profit later on, well they will continue to rot away, impacting your home value and your community, fact. Are they or you going to fix them up for sale with another bailout or local money which equates to tax dollars anyway you cut the pie?
#6. Jobs, ok go buy a bridge.
#7, Credit for who? It certainly isn't for you my friends that they are talking about. You need to hurry up and go away.
#8. Yes and continue to watch those news shows you all love with their experts. You never hear what I am writing to. Why, well who the hell am I. No the fact is what i give you is real, truth,the bottom line. Quite frankly they dare not even think it. Yes even with them they need to be careful. These fact and truth merchants.
#9. The Middle Class will reelect their Champions as someone just found out. That is until and that until will be too late for them.
So what can average Americans do with the little you might have? Rhetorically speaking of course, just perhaps the following actions may be worth considering. However, always check with a professional first because this is just conjecture and opinion. #1.. Take what little money, Social Security or Payroll and get it mailed directly to you because when any more banks go under guess what? That is right you won't have access to your funds. Yes your money. They don't have to give it to you. Guess what, if that happens you won't be able to pay your bills until they release it. Do you think they will come to bail you out? I just changed mine today and they confirmed any money deposited is between you and the bank. I will keep enough to survive and cash my "government" check. Simply an opinion but you on the edge just may want to do that?
#3. Are you falling behind on your Credit Card debt because of Legal Usury. It is an unsecured debt, period. They won't work with you, well make a choice. Your credit will be ruined, well guess what, it already is and you will find it difficult to recover.
#4. If you owe more then your home is worth check with your lender. Maybe they will buy it back or it is time to pack your bags. Rhetorically one might assume if Wall Street can be irresponsible and our own government then they have set a legal precedent for us to follow. I didn't say moral but what the hell they aren't either. Make sure you know what you can and can't do first. See a professional. Secure where you are going first. In all cases morally should be the high ground especially if you profess and there my friends is what they hold YOU TO.
Yes my fellow average Americans no where, yes no where and infrequently at best do you hear that term ever utilized. Sorry, we are all fools, cattle, the irresponsible and if you don't like it well your entitled to your opinion but the fact is you can't say otherwise.
IS THERE a guarantee this bailout is the answer? Well let me leave you with this. No job, no pay, no pay, can't pay, can't pay, no credit, no credit, bye, bye. That is why the middle class is not worried. They have theirs but what they miss entirely is these two simple words, FOR NOW.
I have presented options in my earlier articles which I truly believe can work and now. One, the cutting of usury on credit card debts and revision of the bankruptcy law will cost nothing and put money immediately into the hands of Americans to pay their bills and not feed profits. The creation of the CCC while costing will put people back to work, paying taxes and paying their mortgages. Yet this leadership is not interested. Finally readjust the values on homes and take the hit on all mortgages. That will bring houses into market reality and line and while portfolio's take a hit they write it off anyway and We the People will be able to move forward. As values increase that difference will go back to the government to offset the loss until the amount matches that disbursed. Then from there on out the equity goes to the home owner. So either these concepts just might work. B] the costs are too high C] or they really don't want to do anything but what they want to do. Which of A,B, or C will they chose?
So just opinions but it seems they can take action right now while they are all there meeting.
Robert T. Melaccio Sr. 2008 Copyright ©2008 Robert MelaccioI have presented options in my earlier articles which I truly believe can work and now. One, the cutting of usury on credit card debts and revision of the bankruptcy law will cost nothing and put money immediately into the hands of Americans to pay their bills and not feed profits. The creation of the CCC while costing will put people back to work, paying taxes and paying their mortgages. Yet this leadership is not interested. Finally readjust the values on homes and take the hit on all mortgages. That will bring houses into market reality and line and while portfolio's take a hit they write it off anyway and We the People will be able to move forward. As values increase that difference will go back to the government to offset the loss until the amount matches that disbursed. Then from there on out the equity goes to the home owner. So either these concepts just might work. B] the costs are too high C] or they really don't want to do anything but what they want to do. Which of A,B, or C will they chose?
So just opinions but it seems they can take action right now while they are all there meeting.
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