Wednesday, October 21, 2009

Tarp & explainations, there aren't any

Have we become tired yet of explanations that explain nothing. Back in the good old days of the Clinton administration we had tons of bucks laying around to investigate every time Bill Clinton sneezed. At the time I thought the investigation should have been about how much money was spent on trying to catch him at something, anything. Where is that spirit now when investigation is so obviously needed. Where is the investigation when we have been taken to war on a lie. Where is the investigation when the cost of that war was hidden from us, why was it considered not part of the national budget? Where is the investigation when on the way out of office the largest looting in American history took place.

Now we have those good folks in Washington telling us all the things we can not afford. Like health care for Americans. Don't worry though, we have help for all those duped into bad mortgages. They call it TARP. Oh no, wait a minute, that money has gone to the people who perpetrated that fraud upon thousand and thousands of Americans. The folks roped into those mortgages just sit and wait and lose their homes. Their children do not go to college, their health declines because they can't afford Health Insurance, their marriages decline although some, I am sure get stronger, because each other is often all they are left with. Those are the lucky ones. Many just sit almost paralyzed because all they can do is sit and watch as their American dream crashes and burns. Many still work, hard, everyday just to pay the mortgage because for many of us our home is what we have left.

I have been lucky so far because mine is not as bad as some. I was foolish enough to refinance, but lucky enough to have at least gotten a halfway decent mortgage. I have watched my business collapse so even with a halfway decent mortgage it is not much help. After all no bailouts for the small business. I have spoken to several other people who are worse off, it is funny how ones own personal disaster is mitigated in the mind when you look at someone Else's.
I spoke with one family who obtained their mortgage in 2006, don't worry they were told, in a year and a half you can refinance into a fixed rate. Not to worry. Well, when the time came they either got no response or when they did they were told that they were unable to do that at this time. The broker who did the mortgage blatantly lied to them. Now the principle sum after three years would be less don't you think, after paying on it for three years, it would be less that is just logical....but no... the principal is now $37,000.00 dollars more. How can that be you ask, well nobody I know knows. The simple laws of mathematics say this can not be so, the powers that be say "No that seems about right". Not to me it doesn't. If there is a law somewhere that says something like that is legal, then there is something really wrong. I will bet you that not a single politician has a mortgage that does that. If they can allow this to happen to you, to me, to anybody then they are not doing their job. Another person I spoke to, says when she called to find out how long it would take to get a modification, first she had to call ten times, only to be told that it would be maybe a year...or two! When the big financial bailout happened it happened in the blink of an eye. It happened so swiftly many people don't even know what happened.

All I know is that this must stop. The feudal system was never supposed to be the model for this country. However here we are a country of serfs working for a government, who works for the corporate interests that keep them in power. We need to wake up! All we have left is our vote. They may have the majority of the money, but let us stop allowing them to buy our votes. They finance all the campaigns and now they can do it with taxpayer money. I think if you look at the state of the American citizen and the small American Business, they are not doing for the good of the many, but for the good of the few.

When you leave people in positions of power for too long, the power becomes the most important thing. Term limits must be set, campaign financing must be fixed, we as a people must come together and demand it. We deserve health care, we deserve to live our lives in the homes we work for and most all we deserve a say in how our country is run. As I said, those folks in Washington only have the power that we give them, let's take it back.

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