New York and California Descend into the
Financial Maelstrom. Raise Taxes!!
The suspicion
that those ‘elected’ officials in our wonderful big states are much different
from drug-crazed street hookers with sporadic and relatively severe mental
afflictions is now confirmed. It is obvious that the only way these two states
can operate like a ‘state’ is to hike
taxes, give phony jobs to those who would walk the farms of the Golden State assessing the social treatment of
kangaroo rats, birds and curious and novel bugs of the lice and sand flea set. Both states are havens for illegal aliens, who
are free to run wild, commit heinous crimes and peddle drugs openly on the
street corners. They apparently have the vote and have the power of a splinter
party in a close race. Both states are self-burdened from creating unlimited ‘positions’
in ‘education’
and priests of ‘social justice’ along with
socially-concerned social scientists [wardens] who moderate [and celebrate] the
supply of drugs and play the comic theatre of drug rehab. The lawyers swarm
like locusts eating up public funds in their pursuit of fat fees and the
redistribution of wealth. The world’s oceans will boil from petroleum pollution.
Their
economic demise has been predicted by this author.
California has no
future as an organized society.
California is a freak show. San Francisco is now the model for the Ultimate
Utopia.New York is a similar ugly sister at the
dance, festooned with similar social warts and open sores. California is merely a containment facility
for perverts, losers, illegal aliens and those who must deal with the vermin in
their midst or flee the state. To save the planet, both of these states have
enlisted hoards of unwashed and screaming EcoNazis who ‘teach’ us all that we are going to
fry in a sauna bath that is a result of anthropogenic CO2 in the
atmosphere. Europe is now a sticky cluster of
drooling socialists who huddle in the shadow of the old Stalinist Empire,
wallow in fear and now must grovel before Sharia Law and indecision. These citizens,
who managed to truncate and confound their gene pool in two world wars by
selecting the alphas and killing them off in
the mud and trenches along with a nifty
extra 100,000,000 dead bodies from political cleansing, left the physically and
mentally inept (along with low scoring deltas) to procreate losers to guide us toward
oblivion. The social flotsam now
populates the government ministries and celebrates the wild screeds and foamy
fears of the idiots who now dominate the Green Party. The best example of this kind of
Reverse-Darwinist genetic mistake is the English Princeling of Wails, or Flop
Ears the Dolt. He
knows how to lose. Today, their banks have collapsed.
The Islamo-Fascisti
may take over for the simpering Brits who lost control of their senses.
So, we are now entertained by the
howls and sobs of the so-called governor of New York State:
“Mr. Paterson has culled a team of economic
experts and sought advice from the likes of Joseph Stiglitz, the onetime
chairman of the president's Council of Economic Advisers. The governor has
emerged to warn -- in sharp terms -- that an already huge budget deficit is
expected to grow significantly once the dust settles on Wall Street. "The
impact of the unprecedented events that have occurred in the economy in recent
weeks are worse
than anyone imagined," Mr. Paterson said”—
More Budget Cuts for New York State by Dionne Searcey [Emphasis is mine in all quotes.]
This
parasite suborns around 3-5 million illegal aliens in his state, a flourishing
drug problem, massive crime and corrosion in the cities along with one of the world’s records for mindless and irresponsible tax-whoring and
spending and this budget ‘problem’ comes as a surprise?
"We're just going to have to do more with
less, which is difficult, but it's going to be necessary," said Mr.
Paterson in a recent interview with The Wall Street Journal.
Really? And what
about the illegal aliens who flock to your hospitals for free medicine? How
about tax evasion by aliens? How about the theft of Social Security numbers?
How about the drug societies you have in Syracuse, Buffalo, Brooklyn and other garden spots in your state?
Can we have an AIDs Celebration Day some time?
The stinking California
Corpse suffers from the same socialist
disease.
“OAKLAND, Calif., Oct 07, 2008 /PRNewswire-USNewswire via COMTEX/ --
Gov. Schwarzenegger should make mortgage reform a key part of his efforts to
address California's budget and financial woes, according
to a coalition of consumer, research, and policy organizations. The groups
maintain that the state's financial
crisis will not abate until there is a real reduction in the number of mortgage
foreclosures.”
Now, we need to analyze the next part:
"California is home to 1,300 foreclosures every
business day, which are pushing housing prices down, eroding wealth from
millions of homeowners and draining the state and local governments of critical
revenue," said Norma Garcia, Senior Attorney for Consumers
Union. "Something must be done to save our neighborhoods and stop the
erosion of the economy. We urge Gov. Schwarzenegger to lead a bipartisan push
to get foreclosures under control." The coalition proposes a
comprehensive foreclosure and mortgage reform agenda including:
180-Day
Foreclosure Moratorium - We need to hit the pause button
on
foreclosures until programs like FHA's new Hope for Homeowners
refinancing initiative gets off the ground and the federal government's new
$700 billion Wall Street bailout have had a chance to reinvigorate mortgage
markets.
Mandatory
Affordability-Based Modifications - The governor
should demand that all servicers implement affordability-based modifications such as the
Federal Deposit Insurance Corporation (FDIC) is doing with the IndyMac
portfolio, and as Bank of America will be doing beginning December 1, with some troubled Countrywide
mortgages. These two models make clear that wide-scale modifications are
possible, and should be mandatory to avoid more foreclosures and stabilize the
economy.
Is anybody thinking about this? Does anybody know what this
Leftist Parasite Garcia is asking for?
Here are the facts as I view them from my perch:
[1] This mess is a
direct result of the ‘government’
forcing banks to give loans of all kinds to people with poor or very credit.
[2] The default on
the loans broke the banks, Fannie Mae and is now forced upon the taxpayer to
pay for.
[3] Now, the phony
California ‘government,’ besotted with socialists, illegal aliens, drug addicts
and perverts calls for ‘modifications’ based on ‘affordability and a 180 day
freeze on the debt liability.
Have we gone
insane? What this is all about is that your government has socialized housing
for the ‘poor’ and they are going to continue on with this at the expense of
tax payers. Anybody who offers a loan to
anybody for anything is now subject to having the details and agreements of the
load adjudicated by some leftist who pretends to be working in the people’s best financial interests.
FHA's new Hope for Homeowners
[HoHo] is a joke and soaks both the lender and mortgage holder. Nobody seems
any benefit in this wreckage including desperate home owners.
An example:
If you start with a $150,000 house
with that level of mortgage with nothing down and the market value descends to
$120,000 by market forces then what do you want the lenders to do? You want
homeowners to refinance the mortgage at 90% of $120,000 or $108,000 with a 3% refinance charge
and other snarls as reported by mortgage broker Lou Barnes from the LA area.
The
lender takes a hit of about $30,000 on this as the first option. The
homeowner has several nasty choices too.
“The goal is to convince
existing lien holders that they are better off accepting a short payoff rather
than foreclosing on the home. “ [18]
That $30,000 hit would now be covered
by the taxpayer!
Then, we ask the ugly question:
What
happens when illegal aliens demand a house with a zero-down mortgage and
immediately default on payments? Oh! They get 6 months rent free and then some
liberal judge might ‘adjust’ the mortgage to suit their ‘affordability.’
They get
a free house, no rent and a chance to participate in the American Dream at your
expense. What will they vote for? OH!
More of your money?
How about them apples? Sour?
You have
seen nothing yet. What is happening is that Jeremiah Wright’s Chickens
are coming home to roost in your house and you will pay for the
chicken feed. Socialism is upon us. Get your money to safety and buy some gold.
The end is upon us.
The Chicken Screed:
“In his first sermon after September 11th, 2001, Reverend Wright said the U.S. had brought on the
attacks with its own terrorism.”
“We bombed Hiroshima, we bombed Nagasaki, and we nuked far
more than the thousands in New York and the Pentagon
and we never batted an eye. We have supported state terrorism against the Palestinians
and black South Africans, and now we are indignant?! Because the stuff we have
done overseas is not brought back into our front yard? Americans chickens are coming
home to roost.” --Rev. Dr. Jeremiah A. Wright,
Jr.
All these
racist parasites have in this world (except for hate and contempt for
capitalism) is your money and now they have access to it. Have a nice day.
Access to
your money is now a ‘right’ for the ‘poor’ and illegal aliens
Also,
before they get everything you have, vote out every member of Congress that
voted for the bailout. They are all parasites.
rycK
Comments
to: ryckki@gmail.com
The NYT Hopes for Hope to Stick Taxpayers
with Bad Debt for Political Reasons.