Left And Right Politics

…plus the cream in the center.

The Administration Has Ideas For The Housing Market

Posted by Billy On September - 2 - 2011

What those ideas are, we don’t know yet. According to the White House officials, Obama will unveil new plans to help the ailing housing market and to reduce foreclosures. He will outline the plans next week in his speech on “job creation”.

Unfortunately, the Administration suffers from short term memory since only a little more than two years ago, he tried to slow down the foreclosure rate and was totally unsuccessful. His last plan was to help between 4-5 million homeowner keep their homes from foreclosure, but the plan (as of May of this year) only help 810,000 refinance into loans with a lower rate. The refinancing initiative will allow certain borrowers to refinance loans that are backed by the improperly operated Fannie Mae and Freddie Mac. As a side note, both Fannie and Freddie have borrowed over $170 million over the last three years because of poorly run plans.

The Obama Administration is looking to make changes to existing programs aimed to allow borrowers to take advantage of lower mortgage rates, which will also include allowing them to refinance the loan even if they owe much more than the current property’s value. While the idea is expecting to help the borrower to free up cash for other spending to drum up overall business activity, it’s most like not going to do so since many don’t have enough money as it is to do more than they already are.

Either way you look at it, Obama and his cronies are grasping at straws to figure out a way to “fix” the economy. The only true way for the housing market to correct itself is to get the government out of the way and let the market correct on it’s own. While Fannie Mae and Freddie Mac account for nearly 90% of all residential mortgages, their time has come for them to be dissolved. It will take years to work out all the paper work to get all the assets of their books, but it needs to be done. The federal government was never intended to be in the housing market wither as a seller, buyer, loan manager or a landlord.

It’s too bad that Barney Frank is too close to the issue of Fannie and Freddie to make any clear decisions on what the right thing is that needs to be done. His life mate is on the board of directors and he doesn’t know how to run a business either.No matter what the government does, it’s going to affect the housing market in a negative way. As long as they are involved it will continue to be dragged out instead of a some-what quick recovery.

Let’s face it, the federal government is doing what they can to help the financial sector from taking another dive into the abyss and asking for more money from the tax payers.

The Green Party Speaks Out

Posted by Joanne On March - 29 - 2009

Before I left the Democratic party and became a registered Libertarian, I considered joining The Green Party. I’m still on their mailing list and this was in my inbox a couple of days ago.

This week, the Obama Administration rolled out a plan to throw another trillion dollars at banks. That’s $1,000,000,000,000, going to companies largely responsible for the current recession.

Government should be holding the financial sector accountable for the damage that’s been done to the economy, for the millions of lost jobs in recent months. Government should be directly helping people at risk, many of whom made no substantial mistakes but have lost their jobs or their savings anyway. But government is prioritizing Wall Street over Main Street.

This isn’t the change that so many Americans clamored for a few short months ago. This new wrinkle to trickle-down economics isn’t going to inspire hope.

The real change is the change offered by the Green Party. The real hope is in the Green Party’s genuine vision for a sustainable future.

The Green Party needs your help to make this sustainable future a reality. Unlike the other parties, we don’t take contributions from the corporations we’re forking billions of dollars over to. In fact, we don’t take contributions from any corporations at all. So we are extremely reliant on average Americans, the very people facing uncertain futures right now.

This is why we urge those of you who are able to give to the Green Party of the United States today. We too are facing mounting bills and pressure to stay afloat through the down cycle in the economy. And we understand too that many other groups are facing similar prospects and have similar needs. We can’t say that those other groups aren’t important. But we can say why the Green Party is, and why the success of the Green Party is so critical as our nation teeters.

The Green Party is still the largest political party in the United States which is dedicated to establishing Single Payer Universal Health Coverage. As more people lose their jobs, the necessity for access to health care becomes increasingly dire, but the Obama Administration keeps signaling new handouts to insurance companies as their preferred option. Green momentum is critical to push Washington toward the solution that people actually want.

The Green Party is still demanding that we get out of Iraq and Afghanistan, slash the Pentagon’s budget, and use that money to help the American people. But the Obama Administration hedges on Iraq, and sends more combat troops to Afghanistan, while expanding the war across the Pakistani border. This is costing more American lives and billions of American dollars. Green momentum is essential to confront Obama with the reality that he’s not doing what the people want.

The Green Party takes no money from real estate companies, investment firms, or insurance companies; In fact, we don’t take any corporate money because we think corporate money in politics is wrong. If you agree, please help us today. Your donation to the Green Party will help make sure we have a strong Green party today and into the future.