Archive for the ‘ARM’ Category
January 25, 2008
Sadly, if you made less than $3000 in 2007, you will NOT get a dime under the current Stimulus package. These people are too poor to spend this on necessities?
Unemployment benefits that ran out…will stay run out.
Looks like the current version will give a tax Rebate of taxes paid up to $600 for singles now…..but you wont even get stimulated til May or June.
$50 billion in incentives for businesses to buy new equipment… (No, …..you have to put the equipment in a business still located in the US…yeah)
I keep hoping that I misread something on this….
Now it has to go through the House and Senate… Perhaps, some help for those making less than $3000 or with their unemployment depleted…
http://www.kansascity.com/105/story/460097.html
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December 15, 2007
It was more than sobering to see a Sheriff’s Commissioner’s Sale notice on a house in my neighborhood today. In all my years I’d never seen one on a property near me. (and yes there certainly have been those sales throughout the years)
I’m not sure if it was a case where this person got sucked into one of those horrible ARM (Adjustable Rate Mortgages) or if there was a job loss, bad decisions or bad health… The property was evidently financed by Citigroup Financial. But, I don’t any of the particulars of this situation.
It was however a sharp kick in the stomach to remind me just how bad things are for what used to be a middle class in the United States.
It does sicken me to see the media just spin a lot of the bad situations as a mortgage crisis. It’s just not that simple. And certainly I know how bad the job market is and has been for at least the last 10 to 15 years.
And certainly when 12 million of anyone invades the country and further loads down an economy that already was predicting that the next generations won’t have medicare, pension or retirement… …. that I see an elderly parent and relatives count on for survival….
Then to further have to listen to someone like Bill Clinton and Bill Gates and others blather on about what they are “giving back”…. except it’s in some other country….(not usually the one that raised them up…by the way)
Yeah the whole evil mess just leaves me with a pit in my stomach…. and my prayers go out to that family…
This is no longer politics.
Posted in 2007, 2008 Election, Adjustable Rate Mortgages, Amnesty, ARM, Barack Obama, Bill Clinton, Bill Gates, Bill Maher, Border Security, Business, Charlie Rose, collapse, crisis, Democrats, Demublicans, Dennis Miller, Depression, Donald Trump, Economics, Economy, freedom, George Bush, George Carlin, Globalization, health, health insurance, Hillary Clinton, Hillarycare, Immigration, introspection, Is it just me?, jobs, John Edwards, Liberal, life, Media, Media Coverage, Michael Savage, middle class, NAFTA, observations, Outrageous, outsourcing, Politics 2007, Republican Debates, Republicans, Republicrats, Resession, Savage Nation, social security, unemployment, Yellow Journalism | Leave a Comment »