I do not own any stocks. Hell I don't even have any funds that are invested in the stock market. But even I have had to take notice of the current stock market problems.
The reason for the current problem is greed from Republican type of people. That is always the reason, it seems, for recent financial problems. The Republican/GOP type of people do not put their nation first they put their own pocket book first. They are not people that put God first they put their investments first. They do not worship God they worship the dollar (or today maybe the yen).
As you can tell, from reading my blog, I have never been good at financial matters. I did play with the stock market before I got married and owned some stock. During my working years I had money in some TSA funds. But I never spent much time thinking about stocks, bonds or anything else like that...
I worked to feed my family and keep my kid with health insurance. I wanted to change jobs and do some different things with my life but I did not just too keep health insurance on my kids. They always had health insurance coverage from me. (It turned out my kids were very healthy and never needed much health care during the years that they could be on my insurance policy.)
The Republican money worshiping people that cause financial problems for this nation have done it to us time and time again. They just keep fucking us. That is why I say they don't care for United States.
I will not even attempt to list all of looting they have done in the past (1980s savings and loans racket for one) but they are always doing it. In the past, and I forget what it was called, they would buy a company that was doing great and making money and had lots of employees and everyone was happy and I am not sure what in the hell they did to them..but they would buy them somehow with their own money and put them in to major debt and then they would cut up the company and lay off employees and demand pay cuts from employees and then the company would fail and they would close the company and take a "loss" on their taxes. I never could understand how they hell they were allowed to do it but they killed some major companies that way.
Well let me get to the current scam. The $money$ people have issued credit cards to people that should not have credit cards. They set up companies to re-finance homes and talk home owners into doing a re-finance of their home to pay off their credit card bills.
Well you get the idea. Then they let people buy homes that did not have the credit they should have had and all the time the GOP type are getting their money. They get their fees and commissions. They are lining their pockets. They know there is going to be problems because of the type of loans they were making. But it was two or three years down the road. Well now we are at that point. The two or three years is now.
Now people that got loans and could just make their home payments of let us say 1500.00 a month now find that the rate has gone up and where they had a hard time paying $1500.00 a month they now need to pay $2100.00 a month.
So now the "shit hits the fan" and we have a credit and financial melt down. We have a big decline in the stock market.
Of course the big guys are getting major pay and commissions.
President Bush already make it clear he is not going to help the home owner that let himself be fucked and put into the position that he is in now.
Of course President Bush is willing to help the big banks, credit card corporations and Wall Street firms.
I told people that this was going to happen...that they were making loans they should not make and that people should not be doing a re-finance of their homes. I am a common person and I knew what was going to happen. You spend too much on credit and the bills get high so you re-finance to pay off the credit cards and they you charge up the credit cards again and then your sitting on a re-financed home and you still have new credit card bills.
We need people in business and in government that believe in the golden rule.
We do not need any Republicans in government at all. They are the cause of all of our current problems.
Oh President Bush and the Republican congress made sure in 2005 to change bankruptcy laws.
They made it harder for the little guy to file for bankruptcy protection. The proceedings are now more expensive and they have all sorts of traps to fuck the broke little guy that is in over his head.
Oh the banks, credit card corporations and Wall Street firms can file for bankruptcy and have no problem. It is the working man that got in over his head, that had major medical costs, lost his job or had stock losses or have the home payment go sky high...he gets fucked over by the new 2005 Republican law.
Bush and the Republicans just keep fucking you in the ass you and just keep smiling and saying fuck me harder deeper and faster.
