January 29, 2009

BAILOUT OR SELLOUT?

Hi folks, Here is a plan created by an average citizen, my husband. Please take the time to read it and feel free to pass it on to all you know. Maybe it will make the rounds and sink into those so called highly education/trained financial minds in Congress.


Bailout or Sellout?
>
> By Bruce C. Davison
> January 24, 2009
>
> The financial “solutions” put forth by the United
> States Congress immediately prior to the United States
> Presidential election left a large portion of the electorate
> in a state of both astonishment and shock. They were
> astonished by the magnitude of the “crisis” that
> suddenly appeared on the national news. President Bush
> immediately pushed the "crisis" as a catastrophe
> of immense proportions. It was so bad, it required the
> “rush to judgement” mind set not seen since President
> Roosevelt pressed Congress for a “Declaration of War” on
> December 8, 1941.
>
> Bush didn’t get the results he wanted right away.
> Within a couple of the weeks he did get the biggest
> “bailout” the Congress could cobble together.
> Unfortunately the plan called for massive unbridled spending
> and virtually no plan for how or when the money would be
> returned to the people (i.e. reduce the National Debt).
> Bush’s Secretary of the Treasury, Henry Paulson, saw his
> chance to reward his friends in the Banking Community with
> an initial gift of $350 Billion of the taxpayers' money!
> (But wait there’s more, there’s another $350 Billion as
> soon as we can pry it loose from the Congress!).
>
> The shame of all of this is that Congress, Wall Street,
> and the Banking Community has poorly served the people of
> this county. Both the Democrats and the Republicans bear a
> heavy culpability in allowing this travesty to happen.
> Furthermore, they are apparently still blind to the
> alternative solutions to the problem. A problem brought on
> by the twin forces of greed and Political Correctness.
>
> Allegedly, the “toxic” loans generated by Fannie Mae
> and Freddie Mac, “bundled” by Wall Street brokers and
> sold to the Bankers with inflated credit ratings of AAA,
> etc., caused a paralysis of the American economy. This
> paralysis then began to spread, allegedly threatening a
> worldwide depression. Holy cow, Batman! How could the
> smartest and best of our “money handlers” lead us into
> the valley of the shadow of economic death? The causes are
> many but the two major causes are:
> >
> 1. Greed by all concerned and,

> 2. The “Political Correctness” of allowing almost
> anyone to get a home loan backed by Freddie Mac and Fannie
> Mae if the applicant had a pulse and signed on the line that
> is dotted.
>
> Well, enough of this anguish over the spilled milk of
> stupidity and greed that brought us to this sorry state of
> affairs. The time has come “said the walrus” to see if
> some of the damage can be undone before all the money is
> gone down the drain. Hold on to your halo Mr. Obama. Try
> not to grin Mr. Bush, this crisis can be put back in to the
> bottle if we have the collective will to objectively
> evaluate some of the other solutions not offered by McCain,
> Obama, Bush, Reid, Pelosi or any of the other so called
> leadership of this country.
>
> The major portion of the problem resides with the banks and
> the now “toxic” loans that led to massive numbers of
> home mortgage foreclosures. Additionally, the failure of
> numerous banks and other financial businesses, were to be
> expected. The solution must be to stop the foreclosures by
> removing the “toxic” element out of the deal and a
> re-establishment of orderly, reasonable, predictable real
> estate markets.
>
> Obviously, there are and will be other solutions to the
> problem but I want to be sure that at least one of them is
> considered here and now. I call mine the Davison
> Co-ownership and Recovery Plan. Bear with me while we
> consider the following facts:
>
> 1. At no time in the history of the United States real
> estate market has the value of all residential properties
> lost value over any 20-year period.
>
> 2. The value of the vast majority of homes has appreciated
> between 5.5 to 6.5% per year. (In some cases, the value
> doubled or even tripled in a similarly long period, e.g. 20
> to 25 years).
>
> 3. No one in their right mind would rather be tossed into
> the street if only he could stay in his home for the price
> of affordable rent.
> >
> The Plan:
>
> 1. Re-write all of the so-called toxic loans as a
> partnership between the homeowner and the United States
> Treasury. Enough TARP money would be invested in each of
> the homes so that the remaining mortgage to be paid by the
> co-owner would be equivalent to affordable rent.
>
> 2. The value of the equity invested in the home would bear
> interest at 6% per year until the homeowner sold the home or
> bought out the Treasury’s equity by acquiring a second
> trust deed based on the increased over all value of the
> property and the homeowner/partner’s increased income.
>
> 3. The government could wait for the homeowner to buy out
> the Treasury’s equity or it could sell the equity position
> to investors who would be satisfied with a safe, long term
> return of 6% per year, thus retiring a portion of the TARP
> debt.
>
> 4. All monies received from the equity in these loans would
> be available to assure that the Social Security System will
> not run out of money in 2017 as is currently predicted.
>
> 5. The plan would require that the homeowner/partner buy
> out the government’s equity or allow an independent
> investor to be his new partner within 20 years thus
> guaranteeing the return of all of the TARP funds to the
> government plus interest.
>
> The benefits of this plan would be enormous and the cost
> will be less than the $700 Billion already slated to be
> thrown at the problem. Hang in with me a little longer
> while we enumerate these benefits.
>
> 1. The banks that are still in trouble with the so-called
> toxic loans would immediately receive from $10,000 to
> $150,000 of government money for each loan that is
> re-written under this program. Within a few weeks their
> bank’s solvency will be re-established and they will be
> able to expand their ability to write new loans for both
> homes and United States manufactured cars.

> 2. Additionally, small businesses will once again be able
> to have the “bridge” loans they need to facilitate the
> day to day operations of their business.
>
> 3. The millions of homes that have become vacant and many
> of which have become vandalized, would instead, have a happy
> “renter”/homeowner living in them and he would be paying
> off his share of the Co-ownership Mortgage.
>
> 4. The cost of the program would be essentially “$0”
> because all the money would come back to the Treasury with
> interest.
>
> 5. The construction industry would soon return to normal
> because all of the “foreclosed” homes would no longer be
> on the market, depressing prices and causing further loss of
> jobs.
>
> 6. The unemployment rate would soon return to the
> historical low levels of 3-4% because the banking, trust
> companies, and the real estate segments of the economy would
> hire a large number of employees to process the re-written
> loans. The income tax base would increase and provide
> billions of additional tax revenue without a tax rate
> increase on anyone.
>
> 7. The repaid “new equity” portion of the loans would
> come back to the Treasury with interest just at the right
> time to shore up the Social Security Fund to help replace
> the valueless IOUs the government has stashed in the so
> called Social Security Trust Fund. Currently, the Social
> Security Trust Fund is “secured” by thousands of
> non-negotiable bonds that are currently stored in a
> five-drawer filing cabinet in Parkersburg, West Virginia.
> These bonds have the same relative value as a bucket full of
> sand in the middle of the Sahara Desert. Compare that to
> the equity in an owner occupied piece of American real
> estate!
>
> 8. Note, within 3 years the baby boomers are going to
> begin joining the current 35+ million Social Security
> retirees, and there will soon be only approximately 5
> workers for every 2 retirees. We are going to need real
> value in the trust fund to secure their future income.
>
> This plan is obviously short on the “nuts and bolts”
> of the rules necessary to carry out the plan. But it is
> clear that this plan offers a much better result then the
> current plan of dumping money into banks who then won’t
> loan it out because of the uncertainly of the current
> market. I am not in a position to calculate the tremendous
> number of recently lost jobs that would be restored, but a
> restored job is just as good as a newly created one.
>
> If you have stayed with me to this point, I hope you will
> contact your Congressman and make sure he becomes aware of
> the benefits of this plan. Just voting for someone is not
> enough. We occasionally need to bend their ear so they know
> what the people they are paid to represent really want.
>
> P.S. I welcome your comments. Contact: click to email

January 25, 2009

We Don't Need Hate Crime Legislation


Is this really the kind of change you want? President Obama believes you need this.

Hate begets hate! There are already laws on the books that, when enforced, would take care of prosecuting and punishing people who commit crimes (violent or otherwise) against other people. Why is it necessary to put a specific label on those crimes, such as hate, when those crimes happen to be perpetrated against all groups of people. It shouldn't matter whether it is against a white man or white woman, black man or black woman, the Irish, Jew, old person, young person, etc. Respect for life is what should rule. All life has value and all human life should be treated equal.

I say, adding the "hate" element only adds fuel to the fire. As it stands now, if one doesn't follow along in the belief of the lesbian, gay, bi-sexual and transgender/transsexual (LGBT) agenda (called civil rights by President Obama), then one is guilty of hate! President Obama is dead wrong and his position is an insult to all that Martin Luther King fought for--true civil rights. What hate crime law truly should be called is an infringement on freedom of speech and freedom of thought.

We are headed down a very dark path as Americans if we allow our government to punish us for our thinking and expression of speech. It has become a crime to express our opinion, our feelings as to whether or not we like, support, or dislike how another person believes. If one believes that a particular act is offensive to them, they should be able to state that fact without being punished. Government cannot effectively legislate "hate" anymore than they can stop people from shooting people by legislating the banning of guns. Those individuals who don't go by the rules will have their guns and will still kill people. You cannot legislate morality of thought. You can only legislate morality of action.

January 15, 2009

Are You Ready For Valentine's Day?



Ok, guys, gals. What are you giving to your sweetheart this Valentine's Day? Will it be another duplication? A white elephant gift? Why not try something new. Give a gift card that your sweeheart can redeem on-line. Let them pick from several items listed in the gift book you have given them. This way, they get to see what the item looks like before it is sent to them. Cool, yes? Free shipping and 100% satisfaction guaranteed. And, you become the hero.

Like this unique idea? Click on the link above: "Are You Ready For Valentine's Day?"

January 14, 2009

A Right to Bear Arms


Recently a friend sent me an e-mail with probably one of the most important videos I have ever viewed. I will call it, The Real Meaning of the Second Amendment.

Dr. Suzanna Gratia-Hupp is a former Republican member of the Texas House of Representatives (1997-2007) and a doctor of chiropractic. On October 16, 1991, Suzanna 's life changed forever. Having lunch with her parents at a cafeteria in Texas, she witnessed a shooting rampage perpetrated by a mad man driving his truck through the building. He continues the shooting rampage killing 23, wounding 20 and then committing suicide. Due to Texas law, Suzanna had left her gun in her car and when she needed it the most could not protect herself or her family.

In the video, Dr. Hupp testified to Congress defending her right to bear arms and defending the Second Amendment. The video, in the link given above, speaks for itself (click on A Right To Bear Arms).

Hupp is quoted as having said, "How a politician stands on the Second Amendment tells you how he or she views you as an individual... as a trustworthy and productive citizen, or as part of an unruly crowd that needs to be lorded over, controlled, supervised, and taken care of."

Dr. Gratia-Hupp is co-founder of the Civil Liberties Defense Foundation, a non-profit legal foundation dedicated to providing educational information relating to the preservation of civil liberties guaranteed by the Bill of Rights to the United Constitution and to providing legal services to protect those rights. She is married to Greg Hupp, who has served as her campaign manager. They have two sons, Alexander and Ethan.

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NOTE: The Second Amendment (Amendment II) to the United States Constitution is the part of the United States Bill of Rights that declares "a well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed."

January 8, 2009

VOTER FRAUD OR THEY JUST CAN'T COUNT!


Send Al Franken to Washington? What is going on in our Country?

According the the Wall Street Journal of January 5, there is funny business going on in Minnesota. One minutes Al Franken is behind 215 votes and then he is ahead 225. Once he was a man who wanted to count every vote, now he doesn't. It was mentioned that under Minnesota law, election officials are required to make a duplicate ballot if the original is damaged during Election Night counting. I can see a few damaged ballots here and there. But what is going on when a large portion of precincts have the same problem to the point of such large double counting. Why 25 precincts having more ballots than voters? Can't those working the polls COUNT? Or, do we have voter fraud?

Why does there appear to be a problem with so many candidates? Can't we find any honest people to run for office? And Obama is in favor of Al Franken. According to Obama, he along with Biden and Franken will make a great team for the change this country needs. I see disaster; the kind you see if you watch a The 3 Stooges movie.

January 7, 2009

Associate Justice Clarence Thomas



He appears to be misunderstood by many. In my opinion, Clarence Thomas needs to be given more credit then he gets. He may be stubborn, private, very independent thinker, but I believe he understands and interprets the US Constitution as it was meant to be.

His book, My Grandfather's Son, is truly an inspiring story and gives an excellent insight about the man, his beliefs, how he views the Constitution as he does, racism, affirmative action and much more.

I hope you will take the time to read (click on the above highlighted title Associate Justice Clarence Thomas) and understand this important person as he contributes to our court system.

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THIS IS WHO I AM

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Utah, United States
I am a retired grandmother who lost her husband of 42 years in 2010, to cancer. I relocated from Ventura, CA to a community near Salt Lake City, Utah to be with my son, daughter-in-law and two granddaughters. I am a believer in Jesus our Lord and in the true Sabbath as our worship day. I am learning more and more about what our role is here on Earth as well as what it will be when Yahshua returns. I love crochet, watercolors, and writing. My newest passion is writing. I am trying my luck at poetry and short stories. Maybe some day I will try to write a novel. I would love to hear from others who enjoy these crafts; come visit and share your interests.

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POLITICAL WATCH


JULY 4 - Time For Tea


The American people came out on July 4 to protest high taxes and run-a-way government spending. From 11:00 till 2:00 p.m., citizens of Ventura, CA came out to show their support for less taxes and less government interference. As a spectator and one who attended the first Ventura Tea Party, I would say we doubled the turnout of patriots.

All across the country the signs, flags and banners that were carried at the tea parties showed the position that the American people are taking toward its government. They are mad and they are not going to take it anymore!

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