In the October 3, 2008 edition of the "USA Today", Richard Reichenbach targeted the middle class American Homeowners. The author argues that the Wall Street bailout vote is a Congress' solution to our economic distress involving mortgages. Instead of creating realistic and long-term solutions, they have allotted $700 billion dollars to Corporate Welfare. This vote was a desperate attempt to cover up the bad business created by our very own elected officials.
Facts from various news releases, and articles influenced Reichenbach's conclusion. He is accurate when he describes the hard times we are facing in the present. Many hard working middle class American citizens are threatened with foreclosing on their homes because of our economic distress. Many of us can barely afford to put food on the table because the cost of living has increased dramatically. Vanishing jobs and credit solicitations are flooding the American people, burying us deeper in the never ending black hole called debt. He argues that officials have been wasting our taxpaying dues on corporations with special favorable treatment. Bad investments and budgeting have been the cause of our Corporate Welfare. Our system is failing because Congress is failing.
The author stated that this was a political vote instead of a vote to do the right thing. Why should we have to pay more taxes to fix the problems they have created? Congress surrendered to the bailout vote because they were faced with fear of a Revolution. This large sum of money is going to cost us more to "help" investors purchase these properties and resell them. It's not a government grant applied to your loan so you can salvage what little you may have left. It is simply a way for the defaulting banks to cover their tracks. How much more economic distress can we face before all of us are filing bankruptcy? Why are we being forced to clean up their messes?
I agree with Reichenbach's conclusion that we, the American people, need to place liability on the appropriated lawmakers. They think they are full proof and can get away with this. They need to be removed from office and stripped of their retirements and other investments just like they are deteriorating ours. We need to take a stand and let our voices be heard. Our Government needs to stop wasting money on "inside jobs" and give us what is rightfully earned in putting the money back into our hands so we can survive the tragedy that has begun and repay our own debts. We shouldn't have to pay for their mistakes, but that is the whole idea about politics.
This editorial was spot on. As a home owner facing foreclosure, I agree with Reichenbach and am thankful that someone is finally putting the issue out there. We need to make Congress aware that this is not right; they can't keep taking from us. They are the ones who need to be held accountable for the nightmare(s) we face today and will face tomorrow. We almost don't have anything left. Home equity and retirement investments are a joke. Soon we will be owned by the government, because we won't have any resources left to pay them with.
The origional post is below:
Hold lawmakers liable for economic mess
Richard Reichenbach - Boca Raton, Fla.
I don't get the feeling that our representatives in Congress have solutions to restoring our economy. The average family is in distress and needs to hear more positive news
Thomas Jefferson once said, "The price of freedom is eternal vigilance." I have always stressed this to my children and added a quote of my own: "Get involved in politics or be a victim of politics." I don't think they truly understood this quote till now.
Members of Congress are paid to guard our future. With the banks defaulting, jobs vanishing, wars escalating and energy speculators taking advantage of the American people, I don't see where they did their due diligence. It is time to hold all our representatives accountable for these problems. Thomas Jefferson also said, "When a man assumes a public trust, he should consider himself public property." Telephone and e-mail your representatives regularly. Let them start worrying.
Credit still flowing
Rick Slone - Odenton, Md.
In the past week, I have received two phone calls and two letters offering to refinance my home. I've had no fewer than 10 letters and two e-mails requesting that I sign up for new credit cards. So I had at least 16 offers of some type of credit in one week from financial institutions.
If these organizations stopped the maddening flood of advertising and solicitation, perhaps we would be well on our way to fixing this financial mess without a bailout, which will probably help fund this continuing onslaught of unwanted offers. We would also save trees from being cut down for unwanted snail mail.
Make heads roll
Michael J. DeVillez - Rochester, N.H.
I can accept a government bailout if it includes the immediate resignation of all members of the House and the Senate banking committees, Securities and Exchange Commission Chairman Christopher Cox, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke. Also, revoke any retirement plan they might have had.
These leaders were either asleep at the wheel or in bed with the crooks on Wall Street.
A better use of that $700 billion would be stimulus checks to all American taxpayers who earned less than $250,000 a year.
My fellow American taxpayers, we need to wake up and realize the current political system in the U.S. is broken. We need to clean out the House and Senate this November. Vote against the incumbent.
+-+Copy.jpg)
No comments:
Post a Comment