Hear me NOW Barack Obama... WE WILL ROCK YOU!
Your glorious speeches will NOT put food on the table for MILLIONS of working class Americans! Your glorious speeches will NOT create jobs for MILLIONS of working class Americans! Your glorious speeches will NOT save MILLIONS of Americans from losing their homes. Your glorious speeches will NOT curb the economic TSUNAMI that is coming our way! Your glorious speeches will NOT care for the MILLIONS of U.S. troops when they return home from war. Your glorious speeches will NOT help the MILLIONS of working class Americans get the quality health care that they deserve. Your glorious speeches will NOT create international diplomacy!
Working class Americans EQUAL white and blue collar workers!
People of America, we ARE facing one of the most trying times in the face of the history of our GREAT nation! I'm not in any way trying to scare you... this IS our reality! You NEED to be informed and take measures NOW to protect your families, your neighborhoods and your assets!
All of the wealthiest have already done this long before ANY signs became apparent. This is what is causing the commodities market to skyrocket! Think about it... where would you move your money so that it was safe during an economic storm? BASIC necessities, meaning food being #1 and shelter and now oil. You know people still NEED to EAT right, whether they have a home or not?!
Click here to get more informed about our commodities market and how the appreciation of these investments affect you. Also, the agricultural loss due to extreme weather has made an already bad situation much worse.
- Millions of homes are expected to be foreclosed on before the end of this year! These millions will be ADDED to the 100,000s of homes that banks are already holding in their inventory and unable to dump! Imagine, just imagine when the banks DECIDE to dump ALL of the homes they have foreclosed on. A humongous DROP (depreciation) in home prices (values)! Ask yourself WHY are the banks waiting? (Countrywide, BofA, WAMU, Citigroup, Wachovia, etc.) Perhaps the Bush administration will give all parties involved the go ahead just as he leaves office! UPDATE 05/05/08 S&P cut Countrywide's debt status to JUNK! New CFC price target is $2 per share. It's about time. Perhaps we can start seeing some integrity return to the financial rating's agency's. JUNK is JUNK no matter how they tried to spin it. Numbers don't lie, people and agency's do!
- If you've ever read U.S. history, President Hoover is remembered for the roaring 20's and left this nation with Hoovervilles during the Great Depression. Now President Bush will be remembered for the roaring 2000's and will leave us with Bushvilles!
- Millions of homes will REMAIN vacant and unkempt across the United States due to foreclosures UNTIL the banks DECIDE to dump their absurd inventories. This could mean 6 months up to one year or more! UPDATE 05/09/08 YahooFinance and Law.com: Empty Homes Spur Cities' Suits
- The end-result of the MILLIONS of foreclosures across this great nation... Every state will not receive the property taxes as revenue that the states were counting on and have already spent! Which in turn means revenue being funneled down to the county's will be massively cut. Which in turn means services provided by the county's will be massively cut! Such as police, fire department, transportation services, ETC!
- Millions of jobs have already been lost and a TSUNAMI more to come. Either through factory closures, business' closing and downsizing due to EXCESS write-offs caused by the CREDIT CRISIS! Many financial sector jobs have been lost. Not to mention, almost the entire full-time mortgage and real estate professionals that are NOT earning income and have been blackballed by employers. Which by the way are NOT included in the unemployment figures! UPDATE 04/01/08 Associated Press: Analysts see 200,000 banking industry layoffs! UPDATE 06/03/08 MarketWatch: GM Closing 4 PLANTS! UPDATE 06/05/08 CNBC: Friday's Jobs Report Likely To Show Loss of 58,000
- Picture 6 months down the road for a moment please.... I say 6 months because President Bush has reduced the number of months claimants can receive unemployment insurance. It used to be 1 year. If jobs ARE being LOST and corporations are having to tighten their belt due to a reduction in earnings, which will cause hiring freezes... how on earth do you expect PEOPLE to pay for their food and board if there is very little chance for them to get re-employed??? The people still need to pay for rent, groceries, car payments, credit card payments, student loans, utilities, ETC! Can you SEE the ripple effect?
- Expect more auto repossessions, people will be unable to pay for credit card bills, unable to pay student loans, unable to pay rent and utilities.... all of this leads to more homelessness. UPDATE 06/25/08 guardian.co.uk: Subprime crisis: US foreclosures bring homelessness to the middle class. This WILL hurt the credit card companies and lenders of college tuition, landlords, utility companies, grocery stores, retail stores, ETC!
- ADDING SALT to the wound are HIGH food prices and HIGH gas prices!
- This is my post from 03/03/08 titled, U.S. Health Care Gets Boost From 3rd World Charity Called 'Remote Area Medical' given by CBS 60 minutes.
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