| The Question Everyone Should Ask Themselves
Posted: 7/11/2008 2:13:31 PM | Do you believe the government has enough of your tax dollars?
I was reading an editorial about the mortgage rescue bill. Thought I'd share...
Mortgage Rescue Bill & YOUR Tax Dollars
You’ve heard what Congress wants you to know. You’ve heard what the news media wants you to know. Here’s what they haven’t told you about the mortgage bailout bill being passed. And not a peep out of the person who vows to protect us from corruption on the hill.
The President vows to veto it. Here’s why…
The recent mortgage rescue bill, apparently includes a $35 million payout to the trial bar. Along with the Energy and Tax Extenders Act of 2008 is just the latest example of a taxpayer-funded payout straight into the pockets of the “struggling” trial bar.
This bill has 235 amendments – apparently it grew legs and can walk now.
“The Hill” editorializes that 90% of homeowners are meeting their mortgage payments on time and the bill is a $300 Billion bailout for those who were scamming the market.
Included is a $15 million earmark for a left-leaning pro-amnesty organization, and a $35 million slush fund for its friends in the trial lawyer bar.
The article ends with "My question to all Americans remains the same … Do you believe the government has enough of your tax money to accomplish what it needs to do"?
http://willnevergiveup.wordpress.com/2008/07/11/mortgage-rescue-bill-and-your-tax-dollars/
I had no idea that the Mortgage Rescue Bill was anything more than helping people out who have hit hard times. After reading the entire article and the links it provided I now realize that it's another demonstration of smoke and mirrors. I'm disappointed.
How do you feel about this legislation that is introduced to the public as The Mortgage Rescue bill -- yet is filled with incentives and pork? Do you feel duped as well? Did you know about all the added stuff? Is it ok with you? | |
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| The Question Everyone Should Ask Themselves
Posted: 7/11/2008 2:23:28 PM | Real estate always goes up and down. The ONLY people how are having a problem paying their morgage is the ones who borrowed too much or the lender should not have loaned them the money because of bad credit.
As always, no body wants to take responsibility for there own actions.... So why are we having to bail them out and the gov stealing more money from us? | |
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| The Question Everyone Should Ask Themselves
Posted: 7/11/2008 2:40:03 PM | I don't understand why the government needs to bail people out because of the bad decisions they made either.
And to sell the legislation to the public as "helping people" when it is really a free-for-all designed to give more free-be's to special interest groups is shocking.
I thought it was one thing and it turns out to be quite a different piece of legislation. | |
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| The Question Everyone Should Ask Themselves
Posted: 7/11/2008 4:43:34 PM | If you bail out these mental midgets they'll just keep living in their mansions. What good will that do?
Now if they want to trade for low-income housing, where they should be for living above their means for so long, give them another break on their loan.
As for the gready politicians and special interest groups, well Im sorry I won't stoop to their level and be vulgar. | |
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| The Question Everyone Should Ask Themselves
Posted: 7/11/2008 6:24:05 PM |
How do you feel about this legislation that is introduced to the public as The Mortgage Rescue bill -- yet is filled with incentives and pork? Do you feel duped as well? Did you know about all the added stuff? Is it ok with you?
I hate to break it to you but this is Standard Operating Procedure for Congress. Most bills have pork attached to them. The government spends billions on pork. And the people eat it up. People will always re-elect Congressman who can bring home the bacon, but that won't stop them from complaining about all the pork that goes into other states. | |
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| The Question Everyone Should Ask Themselves
Posted: 7/11/2008 6:35:05 PM | Supposedly this bill was to bail out those idiots that purchased homes, with payments that were outside of their means. I work in the real estate industry (marketing) and know many people who get nailed by the market downturn, but they all owned multiple homes and were trying to flip them.
If you were risking money on a volatile market, then it's on you.
The Mortgage companies are complicit in this, because they did what ever they could to get the homes sold, regardless if they thought that the purchaser could afford the payments in the long run.
Bail out. Forget it. It's a free market and it will correct it self, as a free market does.
If anything some of the mortgage companies should be investigated for pushing loans on people that they KNEW couldn't afford it.
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| The Question Everyone Should Ask Themselves
Posted: 7/11/2008 6:47:54 PM | I have lost faith in either party of goverment. I pray the find away to fix the mess they have America in, I can say Ron Paul has some reall ygreat ideas, but wonder why he didnt make it. I will write him in as my vote, he wants to end the IRS. | |
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| The Question Everyone Should Ask Themselves
Posted: 7/11/2008 6:51:25 PM | | Ron Paul wanted to close the IRS and the Federal Reserve entirely and let you keep what you make . but who ever didn't get behind him in this election can just keep paying and I won't feel the least bit sorry for you . | |
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| The Question Everyone Should Ask Themselves
Posted: 7/13/2008 9:24:13 AM | ron paul is crazy. thats why he couldnt build a movement a la obama. he spoke like a crazy man, he looked crazy, said crazy things. crazy people forgive and look past this. sane people do not.
now, the government wants to add 10% increase to all new mortgages to pay for the fannie/freddie mac mess. lets see what the public does about it. personally i think its outrageous to pay for the excesses of the quasi govt agencies, who participated in the housing bubble, without permission to come now to the taxpayers for a bailout, tho it may have to happen just to preserve confidence in the financial system. | |
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| The Question Everyone Should Ask Themselves
Posted: 7/13/2008 3:09:37 PM | re OP -
Why would I feel duped by this one bill? This has been going on since long before I was born. Returnign our coutnry to following the constitution is far more important than the symptoms in my opinion. | |
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| The Question Everyone Should Ask Themselves
Posted: 7/13/2008 3:12:39 PM | | Ron Paul is crazy? And here I thought it was the average American being brainwashed from birth and actions like barring him from debates that stopped his movements. | |
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| The Question Everyone Should Ask Themselves
Posted: 7/13/2008 3:17:22 PM | | These guys are brilliant. We are about to witness the largest robbery in the history of this country. This housing and credit crunch was planned and executed from the beginning. There is no way they didn’t know what they were doing and what the outcome was going to be. Excellent example of “Privatize the Profit and Socialize the Loss.” The “low income borrowers” were merely fodder for the machine. Their role was to be willing signers of mortgages to keep the bubble going and keep the expansion of the money supply going .The mortgage brokers were the pushers to be thrown under the bus to distract the public from seeing the true directors of the play. Once the house of cards was built the game plan was to have the federal government ultimately buy all of the bogus paper and complete the plan to “Privatize the Profit then Socialize the Loss.” We are looking at a potential doubling of the national debt which will complete the indebtedness of this country for the next century and keep the public powerless. “Serfs Up.” | |
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| The Question Everyone Should Ask Themselves
Posted: 7/13/2008 5:18:36 PM | | hey get mad baby for once I agree with you we need the government and big business both to get spanked on the mortgage fiasco.the government for pushing the lenders to accept people who could not afford the housing and the lenders for loaning money they knew was risky sounds like they all got together and planned it., | |
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| The Question Everyone Should Ask Themselves
Posted: 7/14/2008 8:01:21 PM | These guys are brilliant. We are about to witness the largest robbery in the history of this country. This housing and credit crunch was planned and executed from the beginning. There is no way they didn’t know what they were doing and what the outcome was going to be. Excellent example of “Privatize the Profit and Socialize the Loss.” The “low income borrowers” were merely fodder for the machine. Their role was to be willing signers of mortgages to keep the bubble going and keep the expansion of the money supply going .The mortgage brokers were the pushers to be thrown under the bus to distract the public from seeing the true directors of the play. Once the house of cards was built the game plan was to have the federal government ultimately buy all of the bogus paper and complete the plan to “Privatize the Profit then Socialize the Loss.” We are looking at a potential doubling of the national debt which will complete the indebtedness of this country for the next century and keep the public powerless. “Serfs Up.”
I agree with get mad baby,This is akin to domestic terrorism. (I think Al Qaeida  is embedded in the USA!) Makes you wonder who's really running the Country .. Barak Obama Bin Laden | |
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| The Question Everyone Should Ask Themselves
Posted: 7/14/2008 8:53:02 PM |
Barak Obama Bin Laden
WTF is that all about? Look at who decided to let the corporations police themselves, and Greenspan has some blame too. This is the same kind of thing happened with the credit card companies, the standard was lowered and then they started just mailing out credit cards to students who had no jobs, no visible means of support, except their families who were probably already struggling to pay for the students education. Same scam. | |
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