Our Economy Needs Help People-Stop Foreclosures
I am appalled at some of the things being said about many homeowners in this country. First of all anyone with any smarts knows that the housing crisis is at the root of the economic disaster. The only way that the market is going to stabilize at all is to begin to fix the housing market which has caused a domino effect on so many industries such as home improvement stores where they are laying off people by the thousands because business has slowed to a mere crawl. This in turn affects the suppliers and their workers also, not to mention the truck drivers who transport the materials. The list of workers just in this particular case involves many more support people also. Everyday people are losing their homes and those still in them have no equity to refinance for improvement or even just to take advantage of lower interest rates.
What bothers me is how some people, through the news media are able to live fairly well and keep up with their mortgage payments are now bellyaching because some of those folks who are at risk or about to lose their homes will be helped. The general conclusion from the whiners is that why should I have to help those who got homes who couldn’t afford them, with my tax dollars. Well guess what; those at risk homeowners have paid taxes and are still paying too. Many of the people who are struggling have lost jobs, suffered from the cost of living that has skyrocketed , suffered with health issues and many other contributing factors that has caused their plight. Each family is different and each families income level and expenses from time to time differ. Some of the families that have already lost homes had owned their homes for 10, 15 or 20 years, and because of personal issues due to health or even doing just necessary upgrades to their homes had to refinance which typically raises the monthly payment. How did they even know the powers to be on Wall street, deceptive business practices , greed and corruption was taking place and would someday prevent them from being able to refinance to a lower interest rate because their home is now under water. This is why many people are having problems, and they are being portrayed as “idiots in the media. One financial reporter went as far as saying that the government is promoting bad behavior. That is an asinine statement if there ever was one. People are pointing fingers and making assumptions when they don’t have a clue on individual situations. I would really hope more compassion would be given if they did. But honestly I don’t know any more. It is not mine or your decision to say what is right or wrong. The fact of the matter is that the housing crisis and the economy really needs monetary intervention , compassion , and understanding from all of us. Everyone’s positive energy needs to go into this matter for the sake of the country, the world,our children and grandchildren’s future and success.
Let’s stop saying everyone in a housing crisis is irresponsible because I personally know many people who are responsible, but because of a combination of bad luck, due to job loss, cut in pay, and other factors are suffering just as I stated earlier. These people did not asked for what has happened to them and are hard working.
Getting off track somewhat, I remember when the country was attacked on 9/11/ 2001, and yes it was horrific, everyone came together as an entire human race to help one another out. It did not matter who you were, where you lived, or how much money you earned. None of that mattered as it should have been. Well I dare not compare 9/11 with our economy, but in a sense our entire country and what it has stood for is under attack by a crisis that has never been seen before. If nothing is done about
housing, the auto industry, joblessness and more, then I just can’t even fathom what may happen. I can honestly tell you that my feeling is not good.
This article is not about our former president, or current President Obama, it is about our nation and all people to unite for the good of our country. I want to say to the politicians in Washington to put the pettiness and partisanship aside and focus on our good morals and principles that we are blessed with as Human Beings. Let’s stop foreclosures now.
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