Easy American Life……

[contraman]

Here is the new American lifestyle:

1)Become completely spoiled by your parents and get everything you want and a big hefty weekly allowance for doing things you should be doing anyhow to learn RESPONSIBILTY and WORK ETHIC. Then bitch and complain about immigrants taking your job.

2)Go to college, rack up college loan debt, and apply for 25 credit cards. Graduate college, find a job in CA and make $35,000 a year GROSS.

3)Go buy your dream car at 0% fianncing and a $500,000 condo home with a LIAR Option ARM loan.

4) Refinance and cash out a few times to buy more STUFF and add a GAMEROOM to your condo rather than pay down your debt.

5) After all the fun is over and the debt is too much, let the governement bail you out, foreclose on your condo, and file for bankruptcy.

6) Get a Credit Repair company to take the BK and Foreclosure off your credit report and start the cycle again….

7) All the while I am working my ASS off paying taxes to finance this completely absurd behavior.

8) This country is in trouble……

[cr]

You must be talking about the Democratis congress approval of FHA bailouts http://www.msnbc.msn.com/id/20837318/

At least in part.

Way to go democrats. Now not only are the stupid people spending their future earned money, thanks to the democrats they’re spending yours and mine too.

[sdappraiser]

1) Bitch and moan on the internet all day.

2) Punch the clock EVERY DAY instead of leveraging your own skills and working for yourself.

3) Repeat.

[Pasadena Broker]

1)Blaming a political party regarding the current problem or bailout instead of recognizing that neither political party has an vested interest in the well being of its citizens.

2)The belief that you have the right to free speech when most people use that right to confirm that talking out of your ass will never go out of style.

[ltokuda]

To be fair, the bill was passed by a vote of: 348-72. So at least you can take comfort in the fact that both parties are willing to screw you over.

[cr]

Whether one is self-employed or working at a fortune 500 corporation bears no relevance to the legislation passed today.

Agreed, neither party, while both implicit, truly cares about their constituents, but that’s exactly the point. A problem faced by less than 2% of the population led to a bill that will benefit a fraction of that 2%, at the expense of the other +98%.

Criticizing the critics for having an opinion is even more pointless. I took a minute to actually write Feinstein. Here’s her reply:

“Thank you for contacting me to express your concerns regarding recent reports of mortgage defaults by subprime borrowers. I appreciate the time you took to write and welcome the opportunity to respond.

I recognize that the cost of living is high in California and across the Nation, as real estate values have skyrocketed and housing affordability is at very low levels. As such, I am a strong supporter of Federal initiatives to make homeownership a reality for more Americans. The Federal government must be mindful of how lending standards impact Americans and I am concerned about the growing number of negatively amortized home loans and interest-only mortgages, which are especially popular in the areas of California where home prices are the highest. Furthermore, I believe it is important to establish clear national standards that protect consumers – particularly “nonprime” borrowers. While I do not serve on the Senate Committee on Banking, Housing, and Urban Affairs, which has jurisdiction over this matter, I will keep your comments in mind should the Senate consider legislation related to home lending.

Again, thank you for writing. If you have any further comments or questions, please do not hesitate to contact my Washington, D.C. office at (202) 224-3841. Best regards.”

A cookie cutter response no doubt, but I’m going to reply.

So can you – [email protected]

[contraman]

Cooprider,

Although your efforts here are valiant at best, you would be better off twidling your thumbs and looking into the sky thinking about nothing than writing a person who is controlled by money and bribes. Give her $100,000 for her next campaign and you might start getting somewhere.

The system is a joke and the only way to change it is to revolt against it by educating people and giving them permission to stand up and say enough is enough. It’s in the numbers Cooprider….

If we could get a movement as large and as influential as PETA then they may start to listen. This chick didn’t even read your letter, she was at some luncheon kissing someone’s ass……sorry to ruin your night….

Sincerely, Contraman

[CarlsbadMtnBiker]

Explain this then Contraman …

Fact: American productivity is #2 in the world. Only behind Norway. Hardly an easy life for most ….

[hipmatt]

I hear you all, but the new American motto to me is the following

1. Responsible savers will be punished via low interest rates and high inflation.

2. Risky investments, fraudulent loans, and massive debt will get you into a house that only goes up in value… and if the market ever starts to self correct.. the government will write legislation to help bail you out… and the fed reserve will do its best to keep your overly inflated asset at inflated prices.

… summary..

WE ENCOURAGE you to live a fiscally irresponsible life, live above your means, spend recklessly, NEVER save, and then when things go bad, throw a hissy fit like Jim Cramer until you get what you want. We will then punish those with patience and thrift by making them pay for your lifestyle via their taxes and inflation.

.. the only other thing you need to worry about is your celebrity role models, and then obsess about them when they commit a crime, drive drunk, misbehave in public, or just give zero effort in their MTV awards performances.

[Anonymous]

cooprider14,

I received exactly the same response from Feinstein today. I have been writing to all of my representatives lately and getting cookie cutter responses from all of them. I wonder if anyone reads anything we send them.

[CarlsbadMtnBiker]

“I received exactly the same response from Feinstein today. I have been writing to all of my representatives lately and getting cookie cutter responses from all of them. I wonder if anyone reads anything we send them.”

Didn’t you guys learn that one in grade school when you or your 6th grade classmates wrote a state or federal politician?

[patientrenter]

contraman, cooprider, hipmatt,

I too still get mad sometimes about the favorable treatment accorded by government to irresponsible behavior. But in the last 1-2 years I’ve decided instead to find personal profit in the perfidies of others. For example, back in June I figured there was a good chance the Fed would buckle, so instead of getting mad, I just bought Yen futures. My only point is that it’s a lot easier to deal with other people taking advantage of your responsible behavior if you’re actually making a lot of money from predicting their behavior. Try it! If you’re still getting mad, then just increase your bets until you’re just plain enjoying the pols and regulators and others in action.

Patient renter in OC

[cr]

Contraman, I don’t doubt what you say one bit. Somewhere along the line though a summary of opinions has to come her way. They can’t ignore everyone.

I agree with your points hipmatt, and it is a joke.

patientrenter, I like your idea, though I equally like the idea of a grass roots movement. If you have any specific suggestions on where to put my slowly devaluing savings shoot me a line a dcoop14 at hotmail.

It seems the long run is getting shorter and shorter.

[Coronita]

Look at it this way.

 

You need enough not-so-savy financial people to keep the economy going and pay you when they screw up. It's a balancing act between you and every other american. The way I look at it is like the law of energy, neither created nor destroyed, just converted to one form or another.

Likewise, some americans spend more than earn. Some earn more then spend. Just make sure you're one of those people thats taking in more from others than you are giving to others, and you'll be fine.

 

BTW: I think I was asleep in my chemistry/therodynamics classes.

 

[LookoutBelow]

Not a THING will be done for the homeowner in the long run…..this is re-election smoke being blown up the ass of the sheeple…NOTHING has changed. Irregardless of the politico speak

[Author]

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