Monday, October 26, 2009
Collapse - the post Bush years
Like spitting in the ocean the problems we face are insurmountable or at least appear that way. Where to begin? What area wasn't touched by the Bush cabel the last eight years and turned to poop?
!. Banking - It's now easier to walk on water than it is to get a new mortgage even if your credit is A 1. Unless you already have a line of credit forget trying to tap into your home in the event of emergency. Comforting news should you need open heart surgery. In other credit news banks and credit unions have been jacking up their rates to near finance company levels. Sorry Christopher Dodd you were too late with your freeze on credit card interest rates.
2. Forclosures - Goes hand in hand with banking, continues but may or may not be slowing. I feel bad for those that live in Detroit where 9000 homes were put on the auction block yet the forclosure vultures didn't bite even with $500 minimum bid. Hey that guy on late night "Lazy man's way to wealth" told me I could make a killing in real estate right now. He forgot to mention that I'd need an AK47 and pitbull guard dog even to fix the place once I kicked out the squatters.
3. Wars - No immediate end in sight on those fronts (pardon the pun) as we continue to dump billions more cash and lost soldiers lives that we don't have. And there's Dracula Cheney wanting us to stay there 100 years or more. He must awaken to the smell of napalm. Just wonder how much he gets from his Haliburton retirement plan. Loves blood and guts as long as they're not his.
4 Jobs - What jobs? Worst employment numbers it 26 years. Senate is voting on an extension tomorrow. I'd gladly have a job rather than an extension any day yet I have no choice but to hope this passes because there is no alternative. This would make the 5th extension for those counting.
5. Wall Street - I laugh when I look at the figures. The Dow hits 10,000+ and all the financial talking heads say how rosey things are for them. It's all an illusion boys and girls. The market at one time was at over 14,000 before people woke up and realized that it was all an illusion. Like my home being worth 1/4 million ha ha ha yea right.
6. Health care - We have the best health care in the world. Yeah if you're a senator or congressmen. For the rest of us it's getting close to the worst. We rank 50th on the world scale and one person dies every 12 minutes for lack of insurance. Those with insurance are finding the rates going up and what they get going down, higher premiums and less coverage. And yet insurance companies say they aren't making enough profits while they're spending $1.4 million in lobbying efforts, per day!
I could go on and on and on but you get the idea.