Your Questions About Saving Energy Loan Fund

What Do You Think Of These Senario’s?

Scenario’s
A. If McCain was President last 4 years: He fought to have a SURGE in Iraq 3 years ago, when everyone else opposed it. We would have had the war over by now to go his route!
McCain said in 2003 that we needed to REGULATE Fannie & Freddie. 2004 Hearing Fannie CEO said it was doing fine/ Democrats supported them to deregulate and continue to give loans to the poor- ALL REPUB’s at that hearing – said Regulate. Dems won.
McCain – Supports more Clean Air Nuclear Plants- wants to build 45 New ones to create over 700,000 jobs- since we have only 40% of the energy we need here. He has been a huge supporter in funding Alternative Energy research.
McCain keeps taxes as is- so we don’t have inflation and people can keep their jobs.
McCain has ALWAYS been against Earmarks=wasteful gov’t spending he would have VETO’d all Earmarks – Saving the tax payers over 20 BILLION a year! Gov’t spent more the past 2 years on this by 50% than ever before!

Obama: Against the Surge , against funding the war, pulled out troops. ( Iran took over Iraq) – then takes over Pakistan- blows Israel off the map- all chaos in the Middle East- more terrorists than Ever!
Obama; Raises taxes on everything, everybody making 42k or less
( he voted to do that FOUR TIMES)
. Obama’s community org groups continue to give loans to minorities who don’t pay the loans.
The 70% of emloyed people by Small business in America crashes- cause he raised their tax to force gov’t to take 68cents on the dollar- business leave the country- people by the millions lose their jobs.

Obama’s tax increase on the wealthy / and Corps- causes the worst INFLATION in history.
Obama is a huge supporter of UNIONS. The more unions we have the less people work- they force pay increases- causing lay offs and INFLATION.
Obama had a 800 BILLION dollar spending plan- ??? for what?
OBAMA: wants bigger gov’t- more tax dollars to gov.
Obama approves of most Earmarks- that would cost us probably over 20 Billion a year again or more!

WHICH CHANGE DID WE NEED PAST FOUR YEARS?

Do you think your tax dollars?

should go to help cities that do not insure the money is used for US taxpayers?

” WASHINGTON – A new analysis shows that California would get a whopping $21.5 billion under an economic stimulus plan that’s expected to be approved by the House next week, making it the biggest winner among the 50 states.

That’s according to the National Conference of State Legislatures, which analyzed the new spending proposals offered by House leaders.

Don’t take that money to the bank quite yet because the numbers are moving targets. Congressional offices were still trying to digest the mammoth package on Friday. And the Senate has yet to offer its plan.

And even though the proposed amount is equal to about half of California’s projected $40 billion state budget deficit over the next 17 months, it’s unclear how much of the federal aid would close the state gap.

Gov. Arnold Schwarzenegger is not recalibrating his budget assumptions to account for federal dollars because it remains unclear what amount of money California will ultimately receive and in which form, said Department of Finance spokesman H.D. Palmer. He does not want leaders to reduce cuts or tax increases with an undefined pot of federal money in current state budget talks, Palmer said.

The governor’s proposed budget includes $4.7 billion in borrowing that the state would have to repay by June 2011, and Palmer said Schwarzenegger’s “first priority” for federal money would be to eliminate the need for that loan.

State Senate President Pro Tem Darrell Steinberg, D-Sacramento, said earlier this week that the federal funding California receives “will be significant and essential, but it will be additive to the cuts we make and the revenues we’re able to gain.”

Whatever happens, it’s clear that states are in line for a big chunk of money under the Democratic proposals floating in Washington.

On Thursday, staffers of the House Transportation Committee estimated that California would receive $4.5 billion to spend on highways, bridges and other projects. But that’s only a small part of the overall package, as the new numbers make clear.

Other stimulus money would be aimed at programs for child care, job training and energy assistance for the poor, among other things. House Democrats say the overall package would create or save up to 4 million jobs in the next two years.

Under the House Democratic plan, the biggest source of aid to states – $79 billion – would be reserved for a state fiscal stabilization fund. California would get $7.8 billion under that program alone.

The lion’s share of the money for the stabilization fund – 61 percent – would have to be spent to support K-12 and postsecondary education, according to the state legislators’ conference. The remainder could be spent on public safety and other government services.

Some House Republicans are criticizing the scope of the package, which Democrats are promising to finalize by next month.

The House Democratic plan also includes $275 billion in tax cuts. ”

Breaks down as follows…

Fiscal Stimulation 7.8 Billion
Titile 1 Schools 1.6 Billion
Special Education 1.4 Billion
Ed Tech 0.1 Billion
K-12 Construction 1.7 Billion
Child care 0.2 billion
Highways 2.8 Billion
Clean Water .04 Billion
Drinking Water 0.2 Billion
Weatherzation 0.2 Billion
State Energy 0.2 Billion
Medicaid for 2009 1.9 Billion
Medicaid for 2010 2.0 Billion

http://www.sacbee.com/capitolandcalifornia/story/1569761.html

Is anyone as mad at the government (and our country) as I?

I really REALLY do not like where this country is headed. Im not blaming Bush or Obama for all of our countrys problems, but instead the greed of our enitre government and some of our workforce. 401Ks are diappearing as are jobs. Energy prices are soon to increase, and college tuitions are rising, all the while it is nearly impossible to get approved for a decent loan. It seems like the government is robbing our country of free enterprise and “picking and chosing” which businesses to bail out . I think its unfair that the goverment lets the steel industry sink but chooses to bail out the auto industry. Every working person is expected to pay taxes, how come every business is not saved? Obviously its because America doesnt have the funding for that, but my point is why should 1 persons job be saved by the government and anothers not when they both pay taxes. Tax money needs to be distrubuted evenly.

What’s this country becomming? Weve lost our morals.

Its ridiculous. Big companies are squeezing people for every penny they can get!
I mean come on! Many companies make consumers pay just to speak to customer service representatives. Dont believe me? Buy a $2000 laptop and wait until something on it stops working (its not a long wait). You will probably be charged by the minute just to speak to somone who may or may not be able to help you. Shouldnt buying their product entitle you to good and FREE customer service? Especially when it was their product that was faulty?!?

Then you have the media, who brainwashes individuals to believe that they arent good enough. They believe if they make you feel ugly enough you will buy their product. Ugh…

Finally, everyday families are falling apart because cheating is glorified and people are too busy chasing the dollar to pay attention to their own family. Many modern day movies and TV shows make it seem like its funny when one spouse cheats on his/her significant other. People are turning to divorce lawyers inseatd of marriage councilers leaving childen with a broken home.
Its all so frusterating!!

Do you agree?
i do realize much of this was mispelled. LOL bear with me i was in a mood!
i do realize much of this was mispelled. LOL bear with me i was in a mood!

Is the state of our economy due to the fact that people in power were able to manipulate deregulation?

I believe state of our economy is due to the fact that people in power in business and government were able to manipulate deregulation and leverage the stock market to their advantage.

Once upon a time, all mortgages were 20% down, at a fixed interest rate. The people that bought houses could afford houses. People saved money for their down payments. They rarely walked-away from their 20% savings investment in their home.

Then, deregulation came along. “Greed Is Good” was the mantra of the day. In order to stimulate the economic marketplace in the late 70′s due to a recession, congress passed legislation to deregulate the commercial banking / Savings and Loan industries. Thus, the collapse a few years later in the early1980′s of numerous S & L’s, due to bad decision making on the part of greedy CEO’s who had pushed the deregulation and choose to make bad investments to earn outrageous interest rates. These high-rate, high-risk loans to under-capitalized, high-risk people were made with the banks and S & L’s depositors funds – people lost their retirement money, pension plans were wiped-out. But, prior to the Black Monday crash of October 1981 the corporate CEO’s rewarded themselves outrageous compensation packages and golden parachutes… do you recall The Keating Scandal?

Regulation’s were tightened back up… but then in early 2001, the economy went south again… partly due to 9-11. So, to stimulate the marketplace, more deregulation… this time of the mortgage and energy industries.

Energy deregulation came very quickly, with V.P. “Tricky Dick” Cheney having the first-ever closed-door, zero-oversight private meetings at the White House of Energy Company Executives to create policy to regulate… the Energy Industry? (think fox guarding hen house…). Too soon after came the spectacular energy industry failures… (remember Enron? Kenneth Lay was a personal FOB, “Friend of Bush” ) and the massive compensation packages awarded to the CEO’s by themselves. Then, as in the early 1980′s, regulation had to be re-instituted.

The mortgage industry took off… everyone was happy… lots of money was made by most everyone… lenders, home owners, home builders, investors, wall street… but, no one in government had the foresight to look toward the inevitable over-correction, the “bursting-of-the-bubble” in the market… we were distracted by the wars in Iraq and Afghanistan… if you’re not with us, then you’re against us!

A primer: Mortgage loans are “bundled” in sets (blocks) of billions of dollars of investments… which had always been traditionally considered as “safe” (remember the down payments that used to be made…?). Lenders then sell these blocks of bundled mortgage loans to large investors, primarily Fannie May and Freddie Mac, quasi “US government-backed agencies” (think the US Post Office, another quasi government agency, overseen by uncle Fed, but run as it’s own “company”). This selling-off of the bundled loan packages freed-up the mortgage lenders to create new loans, because they had been “re-paid” when sold to Fannie May & Freddie Mac. When the loans being made were sound, the marketplace worked well…

When deregulation or the mortgage industry in early 2002 happened, just about anyone that could fog a mirror and breathe at the same time could suddenly get a mortgage. Previous rules and reg’s on lending went out the window. The more loans they made, the more fee’s they could collect. Lenders made lots of money, meaning their companies made lots of profit. Wall Street invested heavily in these mortgage securities, which now were weighted-down with the shady, undocumented “B” and “C” grade-paper sub-prime loans. More loans, more fees… more loans, more money to loan out, which were based on these mortgage bundles now loaded with poor-performing loans. This fed the gluttony in America for more and more credit: credit cards, equity loans – borrow, borrow borrow!! The wall street CEO’s rewarded themselves handsomely… their companies were making outrageous profits… before they eventually collapsed.

I BLAME UNCLE FED FOR THIS MESS – AND I PARTICULARLY BLAME THE REPUBLICANS, who have such a need to deregulate industries to the extent that corporate greed takes-over and fiscal common-sense falls by the wayside.

Just because they could deregulate doesn’t mean they should have deregulated… when guidelines / rules / regulations go away, greed ALWAYS takes over… EVERY, SINGLE TIME!!!!!!!!!!!!!!!

I’ve worked in Real Estate, Mortgage Banking and as an Escrow Closer for the past 20+ years… saw this disaster coming for the last 5 years…

YOUR THOUGHTS??
P.S. – I didn’t make the loans, I was an administrative staff-support person…

I was personally sickened by the loans being made to the people I knew couldn’t repay them… but I couldn’t do a damn thing about it, except by getting-out of the industry (that was 4 years ago…).

What has Obama done for America so far?

I mean, besides:

1.American Recovery and Reinvestment Act has created 2.1 million jobs (as of 12/31/09).

2.Ended previous policy of not regulating and labeling carbon dioxide emissions

3.Ended previous policy of offering tax benefits to corporations who outsource American jobs; the new policy is to promote in-sourcing to bring jobs back

4.Ended previous policy on torture; the US now has a no torture policy and is in compliance with the Geneva Convention standards

5.. Launched Recovery.gov to track spending from the Recovery Act, an unprecedented step to provide transparency and accountability through technology.

6.Ended previous practice of protecting credit card companies; in place of it are new consumer protections from credit card industry’s predatory practices

7.Ended previous “stop-loss” policy that kept soldiers in Iraq/Afghanistan longer than their enlistment date

8.Energy producing plants must begin preparing to produce 15% of their energy from renewable sources

9.Established a National Performance Officer charged with saving the federal government money and making federal operations more efficient

10.Established a new cyber security office

11.Expanded the SCHIP program to cover health care for 4 million more children

12.Expanding vaccination programs

13.Families of fallen soldiers have expenses

14.. Provided the Department of Veterans Affairs (VA) with more than $1.4 billion to improve services to America’s Veterans.

15.Federal support for stem-cell and new biomedical research

16.Funds for high-speed, broadband Internet access to K-12 schools

17.Responded with compassion and leadership to the earthquake in Haiti

18.Immediate and efficient response to the floods in North Dakota and other natural disasters

19.. Launched Business.gov – enabling conversation and online collaboration between small business owners, government representatives and industry experts in discussion forums relevant to starting and managing a business. Great for the economy.

20.Improved housing for military personnel

21.Improved conditions at Walter Reed Military Hospital and other military hospitals

22.Changed failing war strategy in Afghanistan.

23.Improving benefits for veterans

24.Increased infrastructure spending (roads, bridges, power plants…) after years of neglect

25.Donated his $1.4 million Nobel Prize to nonprofits.

26.Increasing opportunities in AmeriCorps program

27.Provided tax credits to first-time home buyers through the Worker, Homeownership, and Business Assistance Act of 2009 to revitalize the U.S. housing market.

28.Increasing pay and benefits for military personnel

29.Increasing student loans

30.Instituted a new policy on Cuba, allowing Cuban families to return “home” to visit loved ones

31.Cracked down on companies that deny sick pay, vacation and health insurance to workers by abusing the employee classification of independent contractor. Such companies also avoid paying Social Security, Medicare and unemployment insurance taxes for those workers.

32.Limited salaries of senior White House aides; cut to $100,000

33.Limits on lobbyists’ access to the White House
Here’s one for TheBaron:

34. Be the first president in the history of the United States to force Israel to abide by his orders.

Would u vote for this policy manifesto?

We will leave the political EU and trade globally and freely. We will re-embrace today’s fast-growing Commonwealth and we will encourage UK manufacturing so that we make things again.
We will freeze immigration for five years, speed up deportation of up to a million illegal immigrants by tripling the numbers engaged in deportations, and have ‘no home no visa’ work permits to ease the housing crisis.
We will have a grammar school in every town. We will restore standards of education and improve skills training. Student grants will replace student loans.
We will radically reform the working of the NHS with an Insurance Fund, whilst upholding the ‘free at the point of care’ principles. We will bring back matrons and have locally run, clean hospitals.
We will give people the vote on policing priorities, go back to proper beat policing and scrap the Human Rights Act. We will have sentences that mean what they say.
We will take 4.5 million people out of tax with a simple Flat Tax (with National Insurance) starting at £10,000. We will scrap Inheritance Tax, not just reform it and cut corporation taxes.
We will say No to green taxes and wind farms. To avert a major energy crisis, we will go for new nuclear power plants on the same existing site facilities and for clean coal. We will reduce pollution and encourage recycling.
We will make welfare simpler and fairer, introduce ‘workfare’ to get people back to work, and a new citizens pension and private pensions scheme insurance.
We will support our armed forces with more spending on equipment, military homes and medical care. We will save our threatened warships and add 25,000 more troops.
We will be fair to England, with an English Parliament of English MPs at Westminster. We will replace assembly members like MSPs with MPs. And we will promote referenda at local and national levels.
We will make customer satisfaction number one for rail firms – not cost cutting and will look seriously at reopening some rail lines that Beeching closed. We will make foreign lorries pay for British roads with a ‘Britdisc’ – and we will stop persecuting motorists.
Last, but never least, we will bring in fair prices and fair competition for our suffering farmers, and restore traditional British fishing and territorial waters.
Its from the UKIP website LOL……Wolfie and Mr Septic are so programmed to condemn anything that doesnt involve pandering to immigrants ….they think a fascist is hiding under every bed