2.28.2009
2.24.2009
Dear Mr. President - V
President Obama:
I would like to offer you a solution to the housing problems and foreclosures. My plan would help homeowners, the banks, and the entire economy.
We would need to create a national lending bank. You could simply call it the BOO (Bank of Obama). Then we would have to create some simple lending rules. They would be similar to most loans but with a few more rules. The only way to get a BOO loan would to be a current lender recommending it instead of a foreclosure. The homeowners would have to agree to have their loan transferred to BOO. BOO would have a fixed interest rate of around 6-7% and terms of up to 40 years or being paid before the homeowner turns 65. The biggest stipulation with a loan from BOO is that if you do not make your payments, wages could be garnished but if you loose your job you do not have to make payments but interest would still be charged for up to 1 year with a minimum of 1 year waiting before you would get relief benefit again, If employment is not found in 1 year, assets could be seized just as the IRS does. A BOO loan cannot be included in a bankruptcy.
Think of the benefits that this would provide... an almost guaranteed return of 6-7%. Once someone gets a BOO loan, BOO would be guaranteed money from their income. This would also allow people to stay in their homes longer and in brief unemployment that ability to continue to pay other debts.
I would like to offer you a solution to the housing problems and foreclosures. My plan would help homeowners, the banks, and the entire economy.
We would need to create a national lending bank. You could simply call it the BOO (Bank of Obama). Then we would have to create some simple lending rules. They would be similar to most loans but with a few more rules. The only way to get a BOO loan would to be a current lender recommending it instead of a foreclosure. The homeowners would have to agree to have their loan transferred to BOO. BOO would have a fixed interest rate of around 6-7% and terms of up to 40 years or being paid before the homeowner turns 65. The biggest stipulation with a loan from BOO is that if you do not make your payments, wages could be garnished but if you loose your job you do not have to make payments but interest would still be charged for up to 1 year with a minimum of 1 year waiting before you would get relief benefit again, If employment is not found in 1 year, assets could be seized just as the IRS does. A BOO loan cannot be included in a bankruptcy.
Think of the benefits that this would provide... an almost guaranteed return of 6-7%. Once someone gets a BOO loan, BOO would be guaranteed money from their income. This would also allow people to stay in their homes longer and in brief unemployment that ability to continue to pay other debts.
2.23.2009
Dear Mr. President - IV
President Obama:
I hope what I heard today is not true. I thought that you were a fairly smart person, even though I do not agree with you most of the time. After what I heard today I hope that it is not true.
Today I heard that your next thing is to reduce the national debt. How can you reduce that national debt when you are "giving tax breaks", passing the largest spending package ever, and facing increasing unemployment. In case you don't understand, you cannot call up your buddy Ben and tell him to fire up the printing press.
I hope what I heard today is not true. I thought that you were a fairly smart person, even though I do not agree with you most of the time. After what I heard today I hope that it is not true.
Today I heard that your next thing is to reduce the national debt. How can you reduce that national debt when you are "giving tax breaks", passing the largest spending package ever, and facing increasing unemployment. In case you don't understand, you cannot call up your buddy Ben and tell him to fire up the printing press.
2.19.2009
Dear Mr. President - III
President Obama:
Why are you doing all of these bailouts? They are doing nothing but moving America to a more and more socialist country. They are providing a national well fare system that people will rely on. What is going to happen when people stop lending to America? We need people to be encouraged to work. Sitting at home and receiving a paycheck from the government is not an encouragement.
My solution is simple. It is a complete overhaul of the federal government tax system. I know that this will put a lot of people out of jobs for a while but it will create many more jobs.
First, cancel out all of the stimulus packages that have been passed in the past few years.
Second, eliminate all federal income taxes for everyone. You should have enough money from the stimulus packages to cover what the government needs for now. By eliminating federal income taxes, everyone that pays taxes now will see an immediate increase in income. (I know people without jobs do not get helped, but that comes in a minute). With the increased income, people with jobs will spend more, eat out more, and start paying their home loans. The effect of this will stimulate the banking system and require businesses to hire more people which will eventually drastically drop the unemployment rate.
Next, create a national sales tax system and make the sales tax on everything that is new and not a food item. 15% - 20% would not be a bad rate. Now everyone pays their equal share of taxes. Existing homes would be purchased. Americans would begin to save more. The banks will be able to make more loans. The economy would completely revamp itself.
Finally, create a monthly rebate to everyone. This rebate could eliminate welfare and other assistant programs. Everyone is treated equally by the government. This could help eliminate homelessness. The poor get the same tax breaks as the rich. The rich get the same help from the government as the poor. Everyone would be treated equally.
Why are you doing all of these bailouts? They are doing nothing but moving America to a more and more socialist country. They are providing a national well fare system that people will rely on. What is going to happen when people stop lending to America? We need people to be encouraged to work. Sitting at home and receiving a paycheck from the government is not an encouragement.
My solution is simple. It is a complete overhaul of the federal government tax system. I know that this will put a lot of people out of jobs for a while but it will create many more jobs.
First, cancel out all of the stimulus packages that have been passed in the past few years.
Second, eliminate all federal income taxes for everyone. You should have enough money from the stimulus packages to cover what the government needs for now. By eliminating federal income taxes, everyone that pays taxes now will see an immediate increase in income. (I know people without jobs do not get helped, but that comes in a minute). With the increased income, people with jobs will spend more, eat out more, and start paying their home loans. The effect of this will stimulate the banking system and require businesses to hire more people which will eventually drastically drop the unemployment rate.
Next, create a national sales tax system and make the sales tax on everything that is new and not a food item. 15% - 20% would not be a bad rate. Now everyone pays their equal share of taxes. Existing homes would be purchased. Americans would begin to save more. The banks will be able to make more loans. The economy would completely revamp itself.
Finally, create a monthly rebate to everyone. This rebate could eliminate welfare and other assistant programs. Everyone is treated equally by the government. This could help eliminate homelessness. The poor get the same tax breaks as the rich. The rich get the same help from the government as the poor. Everyone would be treated equally.
2.18.2009
Dear Mr. President - II
President Obama:
Why are you bailing out the millions of people that are in the chance of foreclosure? I do not think it is fair. If someone has fallen on hard times it would not bother me if you helped them out with a loan or a tax break. Do not tell me that they were mislead by mortgage brokers. That is their own fault. When I made my loan this year, I consulted several places and people to find out what is best for me.
What makes me mad is that they people who bought way more than they can afford are going to be helped. What about me who did everything correctly. I am not going to be helped or given a handout.
I would love to have a brand new, high end, luxury sports car. I know that I cannot afford a $100,000 car, so instead I bought a car that cost less that $20,000... this is what I can afford. The same goes for my house. I would love to have a $500,000 house but I only built what I can afford... Now I am being penalized for following the rules and doing what is right.
Why are you bailing out the millions of people that are in the chance of foreclosure? I do not think it is fair. If someone has fallen on hard times it would not bother me if you helped them out with a loan or a tax break. Do not tell me that they were mislead by mortgage brokers. That is their own fault. When I made my loan this year, I consulted several places and people to find out what is best for me.
What makes me mad is that they people who bought way more than they can afford are going to be helped. What about me who did everything correctly. I am not going to be helped or given a handout.
I would love to have a brand new, high end, luxury sports car. I know that I cannot afford a $100,000 car, so instead I bought a car that cost less that $20,000... this is what I can afford. The same goes for my house. I would love to have a $500,000 house but I only built what I can afford... Now I am being penalized for following the rules and doing what is right.
2.17.2009
Dear Mr. President
President Obama:
Do not bow down to Queen Pelosi and Prince Reid. They care not of you. You are not their superior, you are their colleague. They will bend you and any rules that you make. They are in it for themselves not for the American people. They want their $30 million for saving the rodents and billions for ACORN.
If I were you, I would quit listening to them and start listening to the Americans that elected you (which I did not) and keep your promises that you made and you were elected on. If you would, maybe there would be less partisanship.
Do not bow down to Queen Pelosi and Prince Reid. They care not of you. You are not their superior, you are their colleague. They will bend you and any rules that you make. They are in it for themselves not for the American people. They want their $30 million for saving the rodents and billions for ACORN.
If I were you, I would quit listening to them and start listening to the Americans that elected you (which I did not) and keep your promises that you made and you were elected on. If you would, maybe there would be less partisanship.
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