STRIKE THREE - YOUR OUT!!!

Well, that is what I say.  I am not against doing something - let me just get that out of the way.  I am against lame plans that give me nothing but an increase in my taxes so that a select few can 'possibly' be helped.  Sounds like alot of banks (yet again) are going to be on the winning end.

As we all know, the foreclosures have not stopped, nor has any bank that I have heard even attempted to work with an HONEST homeowner who has found themselves in a bad situation.

Alright so, let's break this down shall we?

• We are spending 75 Billion (probably more) to assist struggling homeowners in restructuring their loans or reducing their interest rates.
• We are giving banks money to entice them to play along.  Sounds like it is there option for the most part.
• Only those who are honestly in a bind are going to be assisted...(Somebody tell me how they will decide that and WHO will decide that?)

Now, here is my problem with this:

• Most folks in a bind are in high interest loans.  The value of the home may have dropped but the point remains they signed on the dotted line to purchase said home as said price.
• MILLIONS of Americans saw their homes foreclosed on in 2007 and 2008 - they were helped in this way.
• The American Citizen has been asked to give money to the Auto Industry, the Financial Industry, to Special Interests, and now to a poorly planned mortage bailout. - What is next?

The solution?  Hell, I don't know, but I still think there are alot of very intelligent and finacially saavy minds that are being kept in the dark.

I still maintain that offering a fixed rate at 4% for ALL AMERICANS with good credit to:

• Refinance
• Buy a home
• Buy an investment property
• Buy a second home

Would have been a sight better for improving the situation than what we have seen thus far.  This way EVERYONE can play and everyone can take advantage of a great opportunity while HELPING the economy, cleaning up alot of the vacant homes on the market, etc.  And really, what does this cost US (and the U.S).  The banks still make money, we have Americans spending which create jobs and get people back to work and the list goes on.

Now I ask again - what am I missing?  I am not the only one who has said as much.  Seriously, at this point do you have a better idea?  Less house payment for me (if I refinanced) would mean more money to spend in the economy (Maybe even a new car!) and I am just one.  I COULD MAKE A DIFFERENCE.

I encourage everyone to take a few minutes and write your senators and your congressional representatives.  If you remain silent you are simply going along with the flow.

Rant off.