Original Post Date
2011-06-22 05:20 PM
Original Body
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img alt="" src="/sites/default/files/u26/DEBT.RELIEF.jpg" style="width: 244px; height: 207px;" //p
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emNearly 30% of homeowners with mortgages either owe more than their homes are worth, or are pretty close./em/p
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em/emstrongIt#39;s not a bailout of homeowners for reckless lenders to have to write off bad debt/strongem.../embr /
--Nicole Gelinas, Manhattan Institute, 6/20/11 Op-Ed piece in SF Examiner/p
p strongSustained strength in the dollar could hit profits of large corporations like Boeing and DuPont because they rely on selling to foreign customers.../strongbr /
--from Questions and Answers About Greek Debt 6/20/11 SF Examiner/p
p Some years back the IMF and the World Bank forgave the debts of many third-world countries, but that debt forgiveness was half-hearted at best.nbsp; Nothing really changed, except for some political leadership in Central and South American countries and, as events in Honduras show, George Herbert Walker Bush#39;s NEW WORLD ORDER (actually the same old same old Old Boy Network Order) is always ready to flip the script back./p
p We#39;ve got people drowning in debt here, plus people who can#39;t afford even to get into debt in debt and being squeezed by institutional hostility to the poor.nbsp; We#39;ve got a European economic crisis in Greece, Ireland, and Portugal, at least, and the Euro-zone finance minister-monsters want Greece to cut its peoples#39; throats before they get any help./p
p When you have at least one conservative voice in Amerikkka criticizing Republican candidates for President for being clueless and tone-deaf about the economy and the Foreclosure crisis, talking about either not wasting time pulling the trigger on foreclosing on homeowners--or forcing the effed-up lenders to forgive their bad mortgage loans....whazzup?!?nbsp; The forgiveness thing is what needs to happen--re-set the dial to zero and put the lenders under a microscope, or under direct control like the Los Angeles Dodgers baseball team are about to be under the direct control of Commissioner Bud Selignbsp; because of the really stupid spending sprees of mega-bucks owner Frank McCourt (who is getting a very messy, expensive divorce too).nbsp;/p
p We have been eduFUCKationed for years in Amerikkka, and many of us haven#39;t been raised to think clearly enough, to know when someone wants to hurt us instead of help us--or we wouldn#39;t get in these situations.nbsp; I think the Greeks know when THEY are getting screwed--if the Greek Parliament votes yes for $40 billion in austerity measures (aka budget kkkuts) there will likely be lots of good ol#39; rioting.nbsp;/p
p The French are pretty good at doing that too, letting their governments know how pissed off they are about economic squeezes.nbsp; Some of us in Amerikkka know how to do that too, and more are learning that they need have that skill-set too./p