WOW REPORTS (6/15-6/19) | 06/14/2009 11:00 pm
wOw Reports: What News Matters to You – And Why?
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86 Reader Comments (so far…) Sign In or Register to comment
The news I want covered is the economy. The real economy and not this growing ember story out of Washington that suggests that we are in an economic recovery. We have lost over six million jobs and over 3.8 million homes have been foreclosed upon. We are still losing over a half million job a month but the word out of Washington is: unemployment numbers are falling.
Why isn’t the Obama administration being more proactive for the people who voted him into office? It’s obvious that the guys in the very expensive three piece suits guide the economic policies in this country and from the look of that policy the gutting of the middle class is of primary importance.
It is rumored that Obama’s handlers won’t let anyone near him that disagrees with the current policies. How is that any different from the previous administration? Where is that fabled "change" that Mr. Obama spread across the nation like a mantle of peace and hope in the days that he stumped the country seeking votes and declaring that change was the operative word that would make his administration different?
The self-righteous always chime in when the issue of helping people who are losing their homes with "I don’t feel sorry for those people who signed for those ARM loans or bought more house than they could afford. I’m just fine and why should I help them?" The statements are callous and cruel. It’s like telling a hungry child "I have a nice warm dinner and dessert, it’s not my fault you choose the wrong parents." These same people don’t have a problem with tax cuts for the rich and most of them are far from being in the top 1 %, in terms of income, in this country. Old women/men and veterans are losing their homes. People who have worked decades and yet there is no help for these people. The so-called foreclosure rescue plan floated by the Obama administration, the HART Plan is a sham. The plan only helps those who have never missed a mortgage payment. If you haven’t missed a mortgage payment, you don’t need help. If you live in a state like CA where a whole lot of mortgages do not qualify for Fannie Mae or Freddie Mac loans are simply left to dangle in the wind because there are very, very few jumbo loans to provide a rescue to these people who may have lost a job or a fast heading towards foreclosure.
Paulson and Geithner decided to support the guys on Wall Street and the banks by making sure that they could wseather the recession. And who is making sure that the average American can weather the near depression that is sucking jobs and homes out of the economy at an alarming rate everyday? Yes, there are some people who care but none of these people are in the Obama administration.
What happened to that man who stated he most admired Abraham Lincoln? Obama’s words are eloquent but his actions are more than disappointing. To deal with the economic collaspe that may still be chugging like a locomotive towards total destruction, Obama and his crew need to be proactive in a way that puts real jobs back into the economy. This tap dance that the administration are doing with the bankers and Wall Street execs who are fighting being regulated in any way is simply insulting to the people who voted for Obama. Regulate the industry, demand that banks open their books and have their loan portfolios reviewed, ensure individual states that they will have the operating capital necessary to educate our children and provide for the disabled. To read that Obama intends to cut medicare/medicaid benefits in order to fund single pay health insurance is ludicrous. Can’t anyone in DC see that if the insurance companies that the single pay insurance is a good deal, that it’s a clear indication that they know their going to reap colossal profits? How else can they insure 47 million uninsured Americans unless the government requires everyone to have health insurance?
I’m too old to be an alarmist, but the journey upwind just doesn’t look to bright. It would be nice to have journalists just to report the facts and not just the soin of the day. But I guess that’s just asking too much for a country caught in a handbag on its way to hell!
Hello
and goodbye
and the biweekly installment from detroitblogger john (it’s about the people, people)
http://www.detroitblog.org/
Keep Calm and Carry On
Grand Circus Park is large, semi-circular park that’s diagonally connected to the south edge of Comerica Park’s location and just over two blocks south from the Fox on Woodward.
It’s the park that hosts the statue of potato patch mayor Hazen Pingree ~ http://en.wikipedia.org/wiki/Hazen_S._Pingree
Map:
http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=detroit,+mi&…
I have to agree with you though I am trying to cut the politics in my mental diet, the Iranians’ struggle for a peaceful nation and democratic elections is drawing me in as well.