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39 and Holding

by amvet from Burnet, Texas

Last Post 2 days, 23 hours Ago


O.K. so now we have bailed out the inept banking and loan business and as of the time of this writing, Sunday, October 12th, 2008, the rude awakening has hit.  The “bail out/rescue” bill has been passed and signed into law and the cold light is upon we middle class tax payers but no relief in sight for those folks who cannot make mortgage payments and will be foreclosed on.

Guess who is going to make the big bucks on this whole idiotic setup? The banks, the mortgage companies and WOW!, please don’t forget the lawyers, and the realtors will make a ton on the sale of these foreclosed homes. You can bet the farm that these guys are going to buy up the foreclosed houses and make another ton on the rentals and/or resale of them.

The vast differential in the alleged bail out and the cost of the governmental scam will be paid for by, you guessed it, the middle class tax payers.

The less than 600 folks who make up our federal government will not feel the brunt of these fiscal shenanigans until the next elections.

The MILLIONS of American voters are not stupid and when the smoke clears it may be, bye bye lala land, in Washington. D.C.

I hope I will be around to see this epiphany occur.
4 Comments |  Add a Comment

Member Comments Total Comments: 4
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BadMan read my blog
Oct 6, 2008 | 3:56 PM

It does not matter who gets elected. Big business runs the country.

About a week after the swearing-in the stuff will hit the fan.

texasson read my blog view my photos
Oct 6, 2008 | 5:32 PM

If you can pry the heads of the majority of this countries citizens out of their collective butts long enough, then maybe. It seems to me that everyone is so concerned with their own petty problems, they don't have the time or inclination to worry about anyone else. The fed. government AND big business have the public right where they want them...divided, scared and helpless. Easy prey, wouldn't you agree?

Judgenot read my blog view my photos
Oct 7, 2008 | 9:25 AM

Badman is right it makes no difference who we vote for I'm even thinking they already know who will be President is why McCain is so blah in his campaign. I feel Obama is just an allusion so people think we still have a democracy. I say we have a third party candidate.

Hello2U read my blog
Oct 10, 2008 | 5:00 AM

The “bailout” has not worked to restore our economy or our place in the world market.
The rest of the world knows ours is a Fiat system.

http://www.kwaves.com/fiat.htm
Our Congress has borrowed money from China & other nations.

http://www.freerepublic.com/focus/f-news/2044378/posts<
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CHINESE GOVERNMENT IS TOP FOREIGN HOLDER OF FANNIE MAE, FREDDIE MAC BONDS

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amvet

Retired volunteer disabled American veteran. Ordained Christian Minister. Great grand father, ex professional journalist, very opinionated. Independent, moderate voter. Hobbies are flying, sailing, riding my 30 plus year old 10 speed, and enjoying my 3 year old seal point Siamese cat, Oliver.

Member Since: 2/12/2007