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Posted September 14, 2009
This Blog is created to stress the importance of Peace as an environmental directive. “I never give them hell. I just tell the truth and they think it’s hell.” – Harry Truman (I receive no compensation from any entry on this blog.)
When George Walker Bush FIRST came into office, he wasted no time in seeking a 'melt down' of the economic infrastructure he and Henry Paulson would harvest just before the second term of Bush was completely. How did he accomplish such a task? By proposing OPPORTUNITY for people unable to sustain it !
George Walker Bush 'legislated' the economic collapse and paid for its deployment out of the coffers of the USA Treasury. All of it was done in the name of Compassionate Conservatism, in the 'flag waving' initiative to 'spread the American Dream' among the impoverished. The global economic collapse cost the American Tax Payer $1.7 billion to get it started in 2000.
Housing: Help low-income purchasers, and housing developers
Bush’s main proposals on housing:
Creation of an “American Dream Downpayment Fund” to allow low-income families to use HUD rental vouchers to make a down payment on a home. Bush says this could help as many as 650,000 families become homeowners.
A tax break aimed at real estate investors that would provide them with tax credits of up to 50% of costs, totaling $1.7 billion over five years. This tax credit would provide incentives for private investors to redevelop single-family housing or build new homes for low- and moderate-income Americans. Bush said he expects this plan would build or rehabilitate 100,000 homes in five years.
Individual development accounts giving tax credits and other financial incentives for low-income families to save money for a home purchase, for education costs, or to start a business.
Source: Washington Post, p. G5 Oct 28, 2000
Recession's toll: more Americans in poverty, without health insurance (click here)
By Mike Swift and Steve Johnson
Mercury News
Posted: 09/10/2009 07:57:44 AM PDT
Surveying the pain of the first full year of the recession, a new U.S. Census Bureau report shows that household income has dropped, millions more are in poverty — and for the eighth year in a row, fewer Americans are covered by private health insurance.
Given the rising job losses in 2009 that could very well continue into 2010, more people could lose private health insurance and fall below the poverty line, continuing the grim trend, economists and analysts said Thursday....
EU won't block Opel deal: Magna's Wolf (click title to article - thank you)
“The whole idea is based on economics, and I cannot imagine that someone has something against economics,” co-CEO Siegfried Wolf says
The co-chief executive of Magna International Inc. (MG.A-T47.00-0.23-0.49%) said Tuesday that he doesn't believe the European Union will block his company's acquisition of a majority stake in Opel.
“The whole idea is based on economics, and I cannot imagine that someone has something against economics,” Siegfried Wolf said at the 2009 Frankfurt Auto Show where Opel debuted a new version of its Astra, its mainstay in European markets.
Mr. Wolf's comments came as a German government official met with representatives of six other European countries that host Opel factories to discuss sharing the burden of the €4.5-billion ($6.55-billion U.S.) in state guarantees needed to launch the new Opel....
How doee that happen? By mistake? "On a drunk." Or is there something profoundly "W"rong with 'platform' of the Republican Party. The answer to that question is that there is something PROFOUNDLY "W"rong with the Republican Party and their ? Political Platforms ?.
Correct me if I am wrong, but, the economic collapse occurred while the Republicans had exploited the powers of the USA Legislature since 1998 and continually deregulated the Finance Industry to the point where government oversight meant absolutely NOTHING. The implosion of the fiscal infrastructure of the entire global market place plummeted out of greed and corruption and I dare anyone to state otherwise.