Thank you, Mr. Bush, for stimulating the economy with this money you're giving me out of the kindness of your heart. Future historians will speak of your benevolence. And... I know your plan depends on this money only visiting my account for a short time (from now until Mother's Day? Was it a coincidence that you gave me this money sooner than planned?). And I just want to say I will do that. I will not keep this money in my account for long.
But I'm afraid I will not use that money for a Mother's Day present, either.
See, I'm just an average guy. As such, my family can't make ends meet. It's simply not working. We're trying harder and end up a little lower every month. A little closer to the fall.
We bought a house, and then one day our mortgage rose by $500 a month. And no one told me a child costs so much. And the dog is still limping and might needs a surgery. And is it time to call Sallie Mae for another student loan deferment? And the small print from my bank tells me my APR will go up in a month. Just because they can.
So I don't want to sounds ungrateful. Thanks for the $600. But the Mother's Day necklace will have to wait another year.
http://www.relaywave.com/pingRelayWave.php
6 hours ago
2 comments:
This is why I believe the "stimulus" plan was all wrong. For all the money that is being handed out, we could have used it to refinance many of the sub-prime mortgages which are now causing a problem in our economy. With low interest rates now, the country could have easily paid the interest-loss difference to the mortgage investors as variable rate mortgages were replaced with low fixed-rate mortgages instead. This would have resolved the key issue many current high-risk home owners are facing now while stabalizing the housing market. It wouldn't be a bail out since the people will still have to pay their loans or face foreclosure, but at least it would be at a much lower rate than current. In addition, a stabalized housing market means higher tax returns, which would be a return on investment which the government (and any smart business) should be looking for. Hopefully with the rumored second-wave of "stimulus," this would be the core action taken.
Pretty crazy that something like that would be seen as big government interfering with the free market, while giving me cash with the hope that I spend it on Mother's Day gifts is okay. It's like these people live in a different world.
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