Do All That's Necessary.
Posted: Friday, March 06, 2009
by straight talk
"There is no light at the end of the tunnel with these numbers," said Nigel Gault, economist at IHS Global Insight. "Job losses were everywhere and there's no hope for a turnaround any time soon." AP, reported today.
Reuters: President Obama "that the country had tough choices ahead."
Unemployment in my county at 12.9% and that is who is on the state records only.
No job = no pay,
No pay = can't pay.
Can't pay = no credit,
No Credit = can't buy,
Can't buy = Bye, Bye.
Now that is for the ordinary, the average, the family persons, the little guy, the singles, the irresponsible, non credit worthy, low wage, unskilled, incapable Americans they talk about, that they created and labeled. The new cheap labor of tomorrow. Yes, as the news said 400 jobs coming to Tampa, wow, they never mention pay, benefits, hours, just jobs. Yes the rest of the story please. Oh, I forgot that died along with Paul Harvey. Yes and millions this year alone laid off. Yes and business moving to Mexico or hiring off shore workers. While we educate and train them for your children's jobs, reality.
Now who will prosper with these bail outs? Who will recover? Who will have the opportunities? Who were these trillions for? Like I say, seek and you shall find. Rhetorically can that be why they are coming here from off shore [China] to buy homes? Rhetorically could it just be the American dream perhaps now the foreigners dream and while you sit there, dumb founded, hoping and believing it is happening. Use their model not mine and see if it applies to you or your loved one? Look we all hope but reality says wake up.
Did you hear Gorberchev yesterday? You don't remember him, well go back to Ronald Reagan. That may stir your memory. No I don't think so. To paraphrase him, the Capitalist model needs to follow a joint Capitalism and Socialist agenda. He was made because America did that but Putin's Russia did not.
Yes and once again Obama said [yes they left off President again, I didn't] today that he's "committed to doing all that's necessary to address this crisis," Bloomberg.com is he really? What about the following? What about credit card usury, bankruptcy law that favors lenders, etc?
So as many are euphoric over this foreclosure bill, really. One wonders why but then again the answers and reality clear as day. Let them just use the formula and look at reality. That home owner who has a mortgage and a home 5% under current value, really and the 9 million they say it will help, really, check it out. I can agree it might help some but how many is the real How many yet to be seen. Look, fact, out of 400,000 who applied for project Hope 40, that's right 40 got help, as reported by a major news media person. Do many who need help even qualify using their formula above? Is your mortgage and home only 5% under market value or is it more that your mortgage is 50% or more over current market value, or greater? Did they forget a zero? Yes, as I have said and said again for those that have, foreigners and a sprinkling of Americans, but just a sprinkling. That keeps the story palatable. You can't say it didn't help unfortunately it get this "didn't do what we anticipated, or it was intended to do, really? In my opinion it will do exactly what was intended just not what was anticipated by the people.
I am not fooled that the majority of the readers on this site have because that is fact. Please don't get me wrong, there is nothing wrong with having. What I am concerned about is what you and yours and mine will have up the road. It is evident many feel secure. Well like I have said the bill will come due someday and someone has to pay. Who is that, certainly not the have not.
So if your not concerned about that let me ask just where do you or your loved ones fit in this equation? Oh, you have it tucked away. Well don't be so sure it is safe even in that blind trust or special account. All is open for the taking once the bill comes due and soon. So, if you have your evidently ok for now but what of the millions who do not? Have you also thought about that? Have you thought about why cars aren't selling? Have you thought about our families, our kids and if and why they can't get a loan, buy a home, if ever again even when the banks say "we have plenty of money to lend." People that have don't need to borrow my friends they are holding it for a rainy day and as one of my first article years ago stated "The Coming Storm is at the gate." Take a look if you doubt me. Have looked at the layoffs and numbers? They are just the ones reported. Millions are out of the count.
Hope, well hope all you want but while your doing that, please wake up. I don't even know if anything can help any longer. We are so far along only a miracle will help. Now if I were a betting person I would bet on a total collapse. Hey your running now aren't you. Why, well once again do the math. Look and see. Read, hear, listen, observe the signs are all about.
If we fail to speak out united as a nation we will fail as a nation and what will be, will be. We really have nothing left, no more choices, all the ammunition has been spent and there are no more casings. If you hope in those in Washington to consider you and yours, then it is too late already.
This is not about free trade, legal work permits for foreign help, even the Global dream, it is all about salvaging Americans, our children and our very future and if you do not believe that, then nothing can help, we have, really lost it all and without a single shot being fired, from within as the end of that old Disney Hall of Presidents speech went.
Robert T. Melaccio Sr. 2009 Copyright 2009 Robert Melaccio
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