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Posts Tagged ‘current events’

Excuse the language but if I’m going to blog, I may as well speak what I feel.  I watched the news today and saw Speaker Pelosi as she spoke to a group of mostly illegal immigrants in San Francisco .  She told them that it is un-American for us to enforce the immigration laws. That she was working to get these laws which try to deport illegal immigrants overturned.  We have immigration officers who do a thankless job upholding the laws. They are in danger patrolling the border, often get shot at by drug runners trying to cross the border. And here the Speaker of the House, Nancy Pelosi is out undermining the work they do. She told the gathering of immigrants that they are patriotic by taking the time to gather and hear her. They are the Patriots, not the officers who risk their lives to serve and protect us. Ever since 9/11/2001 protecting our borders has become some much more important. Now either we have laws and we are going to enforce them, or not. We give lip service to enforcing our border policies, but that’s it.  I’m sorry but who voted Nancy Pelosi President? It seems as Speaker of the House of the now dominant Democratic party she has more power than the person we did vote in as President, Barack Obama.  What do you think? Spiney

Foxnews story: Pelosi talks to Illegal Immigrants

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Today the Dow drop to it’s lowest point since 1997 at 6763 down 299 points in one day.  The Dow Jones Industrial has gone down almost 24% since President Obama was inaugurated. Now I’m not saying it went down because he was inaugurated. It has gone down because of the spending policies of Congress and the Obama administration. And let’s give him the benefit of the doubt and say it’s not because of the wild spending and bailouts. Now is not the time to initiate the largest spending bills, new programs,raise taxes, and totally overhaul the health care system while every single day the economy gets worse. Where will the money come from to implement these programs when we will soon have double digit unemployment? The Obama administration wants to punish Wall Street for it’s greed and misdeeds.  But in doing this they also hurt the average American myself included who either have investments or 401k’s that are tied to the success or failure of Wall Street. This especially hurts those who are retired and had their life savings invested for their future. Many have seen their savings cut in 1/2.  And many who worked very hard and thought they could enjoy their golden years are now forced to go back to work. Notice when you go to the grocery store how many senior citizens are now working as baggers and check out persons.  President Obama was elected to give us change. If he gets his way with all of the new programs and expenditures he wants, the change in the basket on your dresser may be all the change you get.  Tell me what you think.  Thanks for stopping by.  Spiney

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The President announced yet another bail out package. This one is to help people who are in danger of losing their homes.  Many, and I will agree not all, are in this position because they bought a home that was way more expensive than the could afford. Many Americans who have done the right thing, bought houses they could afford, didn’t lie on their applications, or are renters are very mad that they will be paying to bailout people who tried to live beyond their means.

Many people did this with buying too big homes, leasing or buying cars they couldn’t afford, and buying many items: large screen TV’s, computers etc with credit cards. Now the cars have been repossessed, their behind on the credit card payments, and the houses are in foreclosure. I’m sorry but I don’t feel sorry for these people. I feel sorry for their children, but not them  I’ll tell you why. I owned a house once.  When I bought it in 1985 I bought the cheapest home I could find. It was a real fixer upper at $37,500. I got an old fashion mortgage at 30 years and 13.8% interest.  I made a 10% down payment and had to give blood to get the mortgage. At the time they would not give you a mortgage for more than 25% of your income. And you had to give blood, your right arm, and first born to get that mortgage. And they really made you sweat it. You applied and maybe 2-3 weeks later you found out if you were approved.

Now the people who are in these houses bought houses way over their head. Many times homes in the $150-200,000 price tag or more. They got in with mortgages with anywhere from 5% down to No money down.  In many cases they didn’t have to prove their income, debts, or credit score.  It was reported that in many cases all they had to do was have a pulse.  also many got in over their head by getting new fangled mortgages.  Many were adjustable mortgages. Mortgages that started at a very low affordable monthly bill, based on a low interest rate of say 3.5%.  But after a year or two, they ramped up to the current interest rates, or even higher. It was then that the real cost of that house hit home and they couldn’t afford it.  This was the real l payments for a $150K home.  Payments went from $395 a month to $995 a month overnight.  Other mortgages were interest only for the first few years, and other creative financing types to sell a home to anyone who wanted one.  That is how these huge developments grew up on our farmlands overnight. Now these people want the government to bail them out and let them keep their houses. But they are way over their heads, and no matter what the government does, they can’t afford these homes.

Here is how I did it.  I did own a home for a short stint, only 5 years. Due to a divorce we sold it to settle up.  From that point on I rented.  My first rental was a room, yes just one room a woman was renting out in her house. I think I paid $175 a month for that room and shared bathroom privileges.  Then I rented apartments. The highest I ever paid was $550 a month for a 2 bedroom apartment. I lived within my means.  I bought and drove used cars, and I drove them until the wheels fell off.  My current wife and I had a business for 15 years. during those times we rented studio space. We were tempted by nice big spaces, but we knew we couldn’t afford them, so we passed on them and again, we Stayed within our means.  At one point due to my health, 3 back and 1 neck surgeries, we had to file bankruptcy. We were offered a loan, that would have kept us out of bankruptcy. We got as far as sitting with the loan officer. At that point my Wife and I looked at each other, realized it was only a band-aid, and we couldn’t pay it back. So we walked away without getting the loan. We did the responsible thing.

To this day we rent. In fact we share a home with my wife’s mom. This helps her because she is a widow, and helps us. Even though my wife now has a well paying career we rent  and both drive used cars. Mine a 1991 pickup I inherited from my Dad, and my wife a 98 Volvo wagon, the nicest car we ever owned.  We have no debt, we pay cash for everything, no credit cards.  And we go on vacations, have computers and a laptop, and yes even a big screen TV. We saved and paid cash for all of them. It can be done it you save for it, and don’t have to have it NOW!

So I don’t think that we and other Americans who did it the right way, pay their mortgages on time etc should have to pay to bail out those who lied about their income and lied to themselves in order to have their dream home. I’m not being mean, I don’t want to see them fail. But They need to be in housing they can afford. A smaller home or an apartment. I never felt ashamed to be a renter. I was damn glad to have a roof over my head. And I was able to sleep at night knowing I could afford the monthly rent payments.  And I did whatever it took to keep that roof over our heads. My Wife and I had the studio, but I also worked driving all night as a courier, washed cars at a car rental agency, you name it. Did I like washing cars? no I was 39 and the other people were mostly high school drop outs. But I could look my landlord in the eye every month and hand him the rent. I did the right thing.

So how about you. Do you think we should spend billions to bail out people, maybe your neighbors so they can stay in their dream house? All courtesy of your and mine taxes, from our hard work. Please comment and let me know.  Thanks, Spiney Dave

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My real name is Dave but online I go by Spiney.  Why Spiney?  Well the last few years and much of my future has been defined by a big change brought on by 3 back surgeries and (1) neck surgery.  I have 4 levels of my lower back or Lumbar fused together with donor bone and held together with plates and screws. I have the same done to 2 levels of my neck or cervical spine.  So I am very aware of my spine 24 x 7.

I must give credit to Conan O’Brien, or actually one of his writers Pierre Bernard for the “Recliner of Rage” tagline. I use that because most of this will be written from my New La-Z-Boy recliner, I wore the old one out after 10 years, or my bed. That is where unfortunately I spend the majority of my days.

Because of this I am unable to work a job or better yet, run my own business like I did for 15 years full time and another business for about 8 years part time. So I have a lot of time on my hands.  I’m in chronic pain and have serious sleep issues so the time I have can be an hour here, there, or mostly in the middle of the night when pain and insomnia are my pals. I’m an info junkie.  always have been, but today there are so many more sources.  The Net, cable news, NPR, XM, BBC, a slew of monthly magazines, Borders when I can get there, and the occasional newspaper.  I also watch The History Channel, History International, the cable channel owned by Al Gore and Steve Jobs: Current, the Science and Discovery channels. Yes I do interact with humans when possible, but I don’t get out much, so it’s mostly my Wife and family. Oh I also moderate a Neck and Back Pain Yahoo group.

What I hope to accomplish here is to say the things I would say to people if there were intelligent people to discuss this with.  Things I yell at the TV about, or talk my wife, or cat, or who ever will listen. I hope someone reads this and I encourage response. Thanks for listening, Spiney

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