i know that it's a little bit late for this and that i should have posted this the night of or day after the election but i have to say congratulations to my man obama. i know that if you go back and read past entries that i was all for hillary at the beginning but i have learned the error of my ways. i couldn't be happier that obama won (and it's not just about beating out mccain). i'm still a little upset about the whole, 'si se puede' thing, but i think that i can get over that.
i do know that this marks a change in american politics and i hope and pray that he can live up to the emense burden that we've placed on his shoulders. i have faith in him and i hope that all of you do as well. i'm not sure that i ever thought that i would see the day when we would have a black president (that wasn't colin powell).
bravo, obama. i'm proud of you. i voted for you and i'm putting my faith in you (as we all are-- no pressure, mind!). good luck. i know that you can and will turn this country around. i'm proud to call you president.
my only regret is that i didn't buy a box of obama o's! they're still available as far as i can tell...
here's the link if anyone's still interested!!
http://www.airbedandbreakfast.com/obamaos
1 comment:
i think that in principle it sounds good. i must say that i'm not an economist and i'm not sure what the repercussions would be in the grand scheme of things.
i'm certainly not for bailing out big business when it's the tax-payer that's facing the credit crunch. the banks that the bailout was passed in favor of made their own beds and perhaps should consider lying in them.
again, i'm no economist and would have to evaluate it and consult with someone who knew more to find out what sort of affect this would have on those of us who rely on those banks. i only looked at the link you sent me briefly but on the surface it looks like it would make sense. i do have to say that i don't necessarily think that $6,000 per taxpayer is really going to get anyone out of foreclosure though. those who are in danger of losing their houses are far more in debt than a mere $6,000.00. perhaps if they used some of it as another stimulus package, one that would help with simple debt as opposed to mortgage debt it would make more sense.
obviously, the more money the american public has to spend the better off we'll be but i don't think that this will stave off the housing crisis.
i think that the banks should be forced to adopt a policy of partial mortgage forgiveness (just as some are always campaigning for the forgiveness of third world debt). that might sound a little extreme and, of course, the banks would lose a bundle- but in my opinion they can afford it. if they didn't charge such high interest rates then perhaps the average homeowner wouldn't be in the position that they're in.
even with student loans one can defer due to economic hardship. i think the same principle should apply to the housing market and mortgage interest rates.
it remains to be seen what will happen and how this mess of a situation will be worked out.
i have faith that obama knows what he's doing and will figure out a way that the banks don't go under, that the dollar increases in strength, that the american people can find gainful employment and be able to pay their mortgages and their debts.
there's no doubt in my mind that between this, the environment, the war(s), the global stage, etc, etc... he will have his hands full. good luck to him.
i know that i would have a breakdown within the first week. thank god he's a stronger person than i am!!
thanks for the comment!!
xxx
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