Ever since Hope for Homeowners came out and did nothing for homeowners I have been a true skeptic of any program that is said to help the homeowners.  At least any one that the governement comes out with.  I think that it is wrong that we are paying more taxes to let the banks sleep better at night.  I think that it is disgusting that our leaders are OK with everyone getting their hopes up for something grand, only to find that it simply does not apply to them.  Between the two housing bailouts there has been over $825 billion spent, but on what?  It is now said that the government is “saving” the remaining $350 from Bush’s bailout to save the banks and provide more capital for lending.  Capital for lending?  Give me a break here!  With all that is going on- families being thrown out of their homes onto the street, crime and divorce increasing, is more lending capital and rescuing banks really our biggest concerns?  Here is the truth of the matter; last year American’s lost $2.4 trillion in housing values.  All of this money spent to “help” us could have really helped by reducing 1/3 of that deficit.  Instead about $75 billion of it will go to help 1/3 of homeowners have a lower rate.  I don’t know about you, but I would personally rather have 1/3 of what I lost in my house wiped away than have a 5% interest rate.  But that will never happen until we really start looking into what is going on and see that the people that are being taken care of in these efforts are not the homeowner, they are not your everyday person.  They are dressed up and sold to look that way but all they are is another scarcity tactic for the rich to get richer and the poor to get poorer.  Now don’t get me wrong, there is potential for something different.  I just don’t know if we should be counting on some government program to do it.  I know that we all want to believe that there is free help, but at this point there is not.  People will just keep waiting and waiting for that day when they will be “saved” by our government, that is until they find themselves homeless because the government was just saving themselves.

This entry was posted on Tuesday, March 10th, 2009 at 8:40 pm and is filed under Education. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.