ivoteamerica

Home ownership has been a value in American culture for as long as anyone can remember. Owning a home has been the primary investment of millions of Americans and the sole source of retirement for millions more.

Congress is trying to get us to swallow a bitter pill. They want us to accept declining home values and pay to do so…hmmm.

If there is a rescue of so called “toxic assets” (a.k.a., bad loans) by us, yes, I’m talking to you…what will you home be worth?

This week iVoteAmerica interviewed a large national lender by telephone regarding its Home Equity Line of Credit customers. We also interviewed a residential appraisal firm to see what is actually going on from the backside of the home lending industry.

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Donald Trump was one of the people who predicted the collapse of the financial markets and he continues to tie everything to oil. Today, on Fox News‘ Your World with Neil Cavuto, Trump said, “Why is the government buying the bad loans…why don’t they buy some good loans…?”

Trump pointed out the relationship between oil prices and the stock market. When bad things are happening the oil cartel drops prices when good things are happening the pricing increases.

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The Speaker of the House, Nancy Pelosi, never met a check she didn’t like, especially if it was printed on government paper.

The Speaker never met a politically opportune moment she couldn’t resist exploiting.

No matter what happens in Washington we can be assured of at least one thing; Politicians can verbally spin a concept better than the very best Madison Avenue marketing group.

Just after midnight (ET), the Speaker walked up to a set of microphones and made this astounding pronouncement:

“…we sent a message to Wall Street, the party is over! The era of golden parachutes for high flying Wall Street operators is over! No longer will the U.S. taxpayer bail out the recklessness of Wall Street.”

What did you say, Madam Speaker? Did you just say, “No longer will the U.S. taxpayer bailout the recklessness of Wall Street?”

Uh, pardon me, excuse me…Madam Speaker, we have a question from the very back row of main street America. Didn’t you just hand Wall Street up to $700 billion in tax payer dollars to purchase mortgage loans known as “toxic assets?”

Are we missing something here or do words mean something different to us “folks” out here in America than they do politicians like Pelosi?

Madam Speaker, there is always a party going on in Washington, D.C., it’s just a question of whose party is it and who is cleaning up the morning after?