straight talk

Consumers Big Winners They Say.



Posted: Wednesday, December 17, 2008

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Well once again they leave out the 40 to 60 million and growing who are just plain irresponsible and non credit worthy. This recovery will have to be restored on the backs of those that have. Those that can buy, those that still have, that is about 20% of America that is still keeping it all going. The rest, well simply speaking, just won't be able to "qualify' for years if ever.

Now many might expect with this drastic action, a less the 1% interest rate, and believe me it is drastic, they are just about begging people to take advantage, when only a few short years ago they raised it significantly after years of growth. One wonders why? Of course you will hear inflation and all the normal cloudy talk but the fact is the economy was good for just about all. Not any longer. Yes and the rate may even go to zero. Tell me that isn't drastic? Now remember these words "tough times require drastic actions" and "Americans must learn to take less". That is those of you who still are still Americans verses free traders, globalists.

This reduction once again helps those who invest only and the banks. Gee how surprising. The Fed stated they will buy mortgages from Fanny Mae and Freddie Mac. Hey you who voted for Obama now comes his test and yours. How will that help you? If you voted for history at your own expense then you reaped what you sowed. Now don't get me wrong, what choice did voters have for President, none. Yet you could have changed Congress, you didn't.

So the impact to mortgages will not change significantly. Those in trouble remain in trouble and buyers, yes they are out there, the Super Bowl and BCS fans who have. They will get richer while you, well you get a little poorer. Doom and gloom, no reality that many of you just do not want to face.

Now some good news is those who have mortgages tied to the prime rate will see a difference and that should help up the road. The sad part is, with those who can hang in. These rates don';t change overnight so they will skim the top and leave the rest to settle.

The bottom line is things are bad nationally and locally with more cuts right after the holidays. The festive season to be merry. never mind right after you may be on the government dole. $1509.00 a month for a family of four. That is if you qualify. Are you an American? Sorry to the end of the line please behind illegal workers. Yes and those sitting with a job, beware. No matter what industry from government to health care and those supposedly untouchables like police and fire, watch out. The ripple will be huge. As will it be to every business attached to them.

To offset that sales taxes, and varied other taxes on those who buy and who have will be implemented immediately. Increased home tax and other taxes from A to Z. You name it, there will be increased taxes even while they eliminate taxes for some. hey they never paid anyway. but it looks good to say it. Americans believe anything. Hey if there are words that is good enough for me. Never mind deeds I don't have the time.

Did you awake from your slumber only to find that we are a true Socialist nation. Think not, then go out and study one and how they function. yes and while at it see how ell they re doing in every aspect. Forget all the crap about Republic who the hell remembers that. Forget those in the media talking about it., forget it. In fact believe what you want because that is the way it. is. Yet don't forget who placed you in that hole. It is right before us all in truth. Yes "unfortunately" something few to little one cares to want to know.

The answer is on the TV every night in plain view. Yes tips on savings. Get your nails done once a month instead of every two weeks. Cut back on vacations. Use coupons. take advantage of those home foreclosures, you can get some great deals off of someone else's misery. Yes, professors only.

So cut the rates, but who can buy? Yes and while they talk about jobs, what jobs, when, where, and who will get them and what will they pay, etc. basically, no jobs = no pay, etc, etc, etc. A sorry state of affairs only to get worse. Well so long for now Amero. Oh I'm sorry I'm studying my Spanish and made a mistake, I meant to say amigo.

Robert T. Melaccio Sr. 2008 Copyright 2008 Robert Melaccio Sr.



Robert Melaccio Sr. has worked in the computer industry for 40 plus years in a diversified business and managerial environments. He enjoys freelance writing, giving seminars for young adults and teen groups as well as being an accomplished award winning poet of published poetry. He has worked teaching and as a youth minister. He is married and has three children and three grandchildren.

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