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Comments Related To: Wouldn't it be nice to escape consumerism?

Glendale : CA : USA | 4 months ago  
I had very high hopes for Barack Obama. I figured getting the neo-cons out of Washington and seeing what a Democratic president along with solid majorities in both houses...
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Reported by Michael Rappaport
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Comments
    Posted By Ross1776 Ross1776 | 4 months ago
    Due to abridgements of our Constitution regarding taxation, the government is actually now facilitating debt and promoting it, as your comment regarding Obama proved. We are a deb-based society since Wilson, when our banking system was illegally and unlawfully privatized under the Federal Reserve. Or haven't you figured that out yet. The Fed manipulated the first depression, and it is manipulating this one - and the war in the Middle East. They have no country, after all.

    And funny thing is, unless you have a "credit" record, you can't get credit. So the system is set up to encourage debt and credit.

    And Obama works for the bankers, just as Bush did. Which is why he is on his world tours and road trips. To promote their agendas. That bank bailout was a fraud - the banks have been making money had over fist with their usurous loans, and assundry fees and charges. Used to be you got free glasses or a toaster when you opened a checking account. Now you get a bill and a $2.00 charge if you use an ATM anywhere but at one of their "chain" banking institutions, although they are all tied together through the Fed.

    And those mortgage loans haven't changed, but the terms of those loans have since the 1970's and 1980's. Now there are few "fixed" rate loans unless your credit is platinum, and are precluded for new home buyers. That's why all Obama's actions were directed toward refinancing or new home buyers. Not the literally thousands that have lost their during this tsunami.

    In fact, I saw a Bank of America commercial yesterday (which is now owned by Merrill Lynch) where they are hawking their great mortgage loans - in other words - come on in America, we want to loan your money back to you, and at an adjustable and usurous rate just like those old loans!

    So much for truth in advertising.
    Posted By JerrySatire JerrySatire | 4 months ago
    Nice piece Mike, thanks. [:-)

    JerrySatire
    www.Lampoon.net
    Posted By BorderExplorer BorderExplorer | 4 months ago
    I love this. You're singing my song--far better than I could ever sing it. Thank you, thank you.

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