Friday, August 26, 2011

"just because you're rich don't make you smart and just because you're poor don't make you a fool" SOME NEWS:

Billions Meant for Struggling Homeowners May Pay Down Deficit Instead

Lois Beckett, News Analysis: “With housing prices dropping sharply, and foreclosure filings against more than 1 million properties in the first half of this year, the Obama administration is scrambling for ways to help homeowners. One place they won't be looking: an estimated $30 billion from the bailout that was slated to help homeowners but is likely to remain unspent. Instead, Congress has mandated that the leftover money be used to pay down the debt. Of the $45.6 billion in Trouble Asset Relief Program funds meant to aid homeowners, the most recent numbers available show that only about $2 billion has actually gone out the door.”

 |The Real Obama

Alexander Cockburn, Op-Ed: “As president, Obama is not doing well. It's not just a matter of the 53 percent disapproval rating, reported Wednesday by Gallup. After two-and-a-half years, people are beginning to come to settled opinions about their president, and many of these aren't flattering. In 2008, liberals and most leftists were deeply in love with Obama. They genuinely believed the promissory notes about a better America that he strewed along the campaign trail and has since welshed on at a rate of well over 90 percent. The face-off over the debt ceiling, at the start of this month, was the final straw.”

 Exposed: 10 Largest Banks in America Received Secret Loans of $1.2 Trillion from Fed

Richard (RJ) Eskow, Op-Ed: “We've just learned about the Federal Reserve's extraordinary secret bailout of the country's big banks. We now know that the TARP bailout program was only the tip of the iceberg, and that financial institutions received a total of $1.2 trillion in loans and other funds while the rest of the country was left to struggle for economic survival. We also know that, despite all that "we got our money back" rhetoric, these loans represent a cash giveaway to the banks that totals up to tens of billions of dollars - while homeowners and student loan borrowers continue to struggle. Here's what we now know about this secret bailout, thanks to a Bloomberg report, along with what we already knew - and what we still don't know.” 

AND SO, BECAUSE I AM ONE OF THE FORTUNATE HOMEOWNERS WHOSE HOME IS NO LONGER WORTH FUCK-ALL WHO DIDN'T HAVE A FUCKING MORTGAGE TO BE FUCKED WITH BY THE BIG RICH GUYS WHO OUR PREZ SEEMS TO LOVE-A-LOT, LIKE MANY MILLIONS OF OTHERS SUDDENLY FIND MYSELF TO BE POOR FOLKS.

BEING A CLEVER OLD TIMER, I HAVE COME UP WITH WAYS TO ENHANCE OUR MEAGER INCOME.  BELOW IS A PICTURE OF ONE OF THE THINGS THAT I DO THESE DAYS FOR EXTRA MONEY.

FROM WHICH I EXTRACT CLEAN SHEET AND EXTRUDED ALUMINUM,  DIRTY ALUMINUM, STEEL, COPPER, BRASS, AND THE ODD VINTAGE FIXTURE TO SELL ON EBAY.

"just because you're rich don't make you smart and just because you're poor don't make you a fool"

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As Jim Hightower explains it, is that “the wealthiest 1 percent of Americans possess more net worth today than the bottom 90 percent of us combined. Worse, these privileged few and their political henchmen have structured a new economic ‘normal’ of long-term joblessness, low wages, no benefits or worker rights, miserly public services, and a steadily widening chasm between the rich and the rest of us.” We must restore sanity to this nation.