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Now, the next huge problem all over our nation: Next to
losing your jobs.
Home foreclosures. 25 Million foreclosures
The Problem: BANKS, JOBS &
IMPORTS
It is not just
loans that homeowners could not afford. It was two things, loans originated at
6% to get buyers in to these new homes, BANKS offering these loans to buyers,
with the offer that if they have a good payment record for two years they could
refinance to get an even lower interest rate.
Instead
borrowers found at the end of two year their interest rate went up, from 8%, to
as high as 14%, refinancing was only a dream, never to happen in this world.
This was a set up
to start this collapse of our economy, Stop and think, WHY did this start to
happen?
343,000 Foreclosures nationwide in the Month of September 2009, things are not getting better, those 30 Million
unemployed can’t make their home payments, and where are they going to go?
Our elected
traitors in Washington can go to HELL if we do not recover from this treason.
Don’t surrender,
fight back now, join me to stop this treason, I’ll save America.
Things are
really going great in the state of California, in 2008 there were 236,000
foreclosures,
last year only 190,000
foreclosures, glory be, the people of California are so lucky. Lets go to
Disneyland.
What caused this
problem? BANKS, BANKS, BANKS that now want you taxpayers to bail them out. BANKS that took your
bailout and give executives Million Dollar bonuses, now the BANKERS want the right
to bring 78,000 H-1b Foreign Workers in to our nation, so they can save money on employee
expense.
**We had a government that “forced” financiers to give loans
to minority borrowers; chiding banks for demanding borrowers have a good credit
record, making this a racist statement.
Now the same
government wants to punish the banks for making un-secure loans. You can’t win.
There is a
citizen in Toledo, OH who bought a home for $147,000, paid $40,000 down, now
has a sick husband, lost her job and found she had a “sub prime loan”, even
with that much down payment. Well’s Fargo raised her monthly payments from $850
to $1500, and she doesn’t know what to do.
Her Congresswoman
says stay put, do not move out, get an attorney to represent her, and FIGHT.
Wells Fargo is on
my list. They did the same thing to me, and we are bailing out the banks, why?
I wish I had some
way to help that citizen, in time of need.
The other cause:
Is that MILLIONS of
Americans have lost their
middle class income jobs, due to outsourcing.
How many
homebuyers would default on their home loans if they were sick in the hospital
for 30 days? Faced with $100,000 medical expenses, and that homebuyer would be
in foreclosure.
These
emergencies are happening all over America, that even those with some Medical
insurance, are not covered for all Medical expenses. In other words, you should
have at least $250,000 in the bank to cover emergencies first, before you
attempt to buy a home.
Well, get
elected to Congress or the Senate, so you have $14,500.00 month income, then you can afford to buy a lot of things
that the average wage earner can never afford.
Over 650
foreclosures in Los Angeles County in May 2008. Not one foreclosure was a home
of a Congress, or Senate member.
Fantastic, my hat
off to the Senate:
What we must do is: Restore jobs, and refinance these loans
at 6% interest or less. Unfortunately
the Senate is a dollar short and a day late for millions who have already moved
out of their homes. IF we don’t restore homeownership, and JOBS our nation will
continue to be destroyed.
So no wonder we are
having Foreclosures of Americans homes.
Solution! My Plan:
Return
manufacturing to our nation “NOW”.
Restore
jobs, and middle class income.
I
want to see these factories back to full production, and full employment.
We
must start to do this quickly, as our nation is headed to a drastic depression
if we don’t.
In
my community we had Lockheed making aircraft, the F-117, and the B2 Bomber. We
could be building the needed Air-tankers for the Air Force, but our great
government decided that France could do a better job, and France needed the
income. We have the employees who are or were skilled mechanics here, but! Oh!
And there were some 650 homes foreclosed on “here” in May 08.
I
wonder how many were ex aircraft mechanics: or the associated jobs?
The
recovery will take years, and I don’t know if our nation will ever recover
before we turned over to the United Nations.
For
those other situations, I will give government FHA loans, up to 6% interest, to
get people back in to these homes.
The
value of my home went from $395,000 down to $149,000 in 6 months.
We
need to aid those laid off, because their employer moved production out of
America, (or downsized) and now find themselves in foreclosure, we need to help
buyers to prevent them having to move out of the home.
Think
this doesn’t affect you? Dream on, if America is downsized, it will affect all
of you. Think that doesn’t affect your home! Think again, if there are homes in
foreclosure in your neighborhood, what does that do to the value of your home?
When
these citizens are downsized, they stop buying in the community, so more and
more stores close. The owners of those businesses soon are losing their homes
too. It does affect all of the community sooner or later.
Congress stated on 28 Jan 2008 that 240,000 (8000/day) foreclosures per month are
happening in America. How many of you citizens are about to lose your homes?
Because: You
have lost your job, or were downsized, or other expenses,
medical or what ever, but losing your home. More and more industry closing,
middle class jobs gone, and you have nowhere else to turn. These are not new
loans in many cases, many have owned these homes for years, but when you lose
your job, and all you can find are minimum wage jobs, you can’t afford even
reasonable loans.
Americans need help, and I’m going to return
those jobs to America.
We know there are
foreclosures because of adjustable loans, because loans you had, have been
raised to as high as 14% interest. But those are not the only reasons people
are losing homes. Why are the Savings and Loans, Mortgage Companies, and Banks
raising the interest rates to put you out of your homes? You know as well as I
do, these finance companies knew that people would probably fail to continue
these loans above the initial loan rate. With 1.5 million jobs lost in the last
three months, how many more homeowners will give up. We just can’t continue
this downsizing. What are we going to do? This implication is that recent
homebuyers were irresponsible, then explain to me why many of these homeowners
have been in their homes for more than 10 years, but have been downsized or
lost jobs completely, and now are making 50% of previous income, and now in
distress.
In 2003 it looked like the
United States was doing great, what happened?
Well this Outsourcing and Globalization are finally catching up
with us.
This will continue until
our nation is a third world country. Like all the rest of the world under the
United Nations ”New World Order”.
Why did they continue to
offer these loans? What was their plan?
This is a disaster
happening all over America. We, and I’m talking about as many as 22 million
“families” evicted or about to be, to close down America?
I will fund FHA loans at
“no more than 6%”, using excess Social Security deposits that Congress should
have done long ago, but instead, they are spending this money to buy favors
(i.e.: elections).
We are told, “You made stupid home purchases, without
thinking”, “So you should suffer.” “Look at the “over all picture”, you’re
buying a home with a 6% adjustable loan, and then disaster strikes. The stupid mistake was electing Bush in
2000.
These buyers are not irresponsible, buyers were originally sold,
Buy! Buy! Buy! Then after two years apply for a new loan at a probable 5% loan.
Buyers believed in the American Dream, to have a home of
their own to raise their families. No more Jobs, No more Homes, No more future
for Americans. Why?
It’s usually “families” that buy homes. Houses were
appreciating about 10% per year, so it made it seem like you were gaining
equity. Then lay offs, medical problems, and a few other problems, like “No
lower rate loans being offered”, adjustable rate loans instead, rose to as high
as 14%.
Disaster, and you have no recourse; you and your family are
out.
Hey we have to help China get modernized, so they can join
the New World Order too. Many manufactures moving to Mexico, and yet Mexicans
are still invading America looking for a better life, to extend the borders of
Mexico, not to become Americans.
Why can’t family homebuyers get, and keep loans at 6%? The
latest listing of foreclosures is reported to be 22 million homes, IT is not just 22 million homes; it is 22
MILLION American families.
“I want Families in those homes”, (to earn interest on Social
Security funds, so we have the money to pay future retirees).
Right now, our government used Social Security funds for the
general budget, “THAT MONEY IS GONE”.
Let’s get families back in to these homes, with compassion to
the financial problems facing our citizens.
Homeowners are out in the cold, the bank says they are
losing money, and ALL property values
tumble, further hurting the market. Who
will win financially in the next few years? I have faith in Americans.
I do not have faith in our present government to care about
our citizens at all.
The banks are now in trouble, you’re in trouble, our nation
is sinking, you can’t pay other bills, sales in stores tumble, stores lay off
employees, and our nation and the people are in a disaster mode. What to do?
Who wins in these situations?
Don’t tell me the Mortgage Companies didn’t understand this
situation, so who orchestrated this crisis?
In Stockton, CA about 25% of the homes are in the process
of default, or foreclosure. This is getting more and more typical all over
America. We have to stop this depression condition; we need people in these homes.
Families in distress!
No one wins, America further “down the drain”, for whom?
If the bank/finance companies had continued the 6% loan
that buyers got originally, then the bank/finance company is solvent, less
foreclosures, and property values stay up. It doesn’t take a scientist to see
that would help immensely.
“Home purchase interest should not exceed 6%”.
Now you have to understand finances; more Americans are in lower paying
jobs; Middle Class citizens are losing ground quickly.
America is really in trouble, then you are offered that “If we become part of the North American Union, this
will help us financially”, It won’t, but you will be ready to try anything when
you are down. So you go along with this, things don’t get better, but now you
have no recourse. We are being led to the slaughter, and you are not even
complaining enough.
Now, I also want America to start re-building
new homes all over the nation. Many homes that are over 80 years old are in
need of replacement. Those older homes lack insulation, and have substandard
wiring and water pipes. New homes built with community help, The Habitat for
Humanity, such as ex president Carter has been helping to get started need to
upgrade our citizens living conditions. Older homes require more heating, and
are more dangerous in many cases. Let’s put our citizens back to work to build
modest homes, which will improve our life style, and be safer. It is possible
to build a 3 bedroom prefabricated home for as little as $30,000, or less, with
new construction techniques.
Just think about how many jobs would be
created to build new homes.
We can upgrade many of these homes if they
are still in decent condition, others are just falling apart, and seriously
need to be replaced on the same property lot. Many citizens living in these
homes cannot afford to upgrade, but with volunteer help and a modest federal
funding this can be achieved.
Jennifer Kerr (Associated Press 15 Nov. 07) in a survey in Washington DC
claimed 28% of Americans have feared being Homeless, are you one of these 28%?
That is a disgrace in America, the land of
Polluted water milk and honey debt.
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