The State of the Union *Update*

Sorry. I am sure the president was going to get around to this, but...gosh...he seems busy.

Seems that in our current flourishing economy, things aren't so great for some of us. As talked about in this AMERICAblog post, "More Americans losing their homes through foreclosures.",

"A mortgage survey due on Wednesday is expected to show that more and more Americans are in danger of losing their homes. The quarterly report from the Mortgage Bankers Association is also expected to show that the same mortgage products that helped send the housing market into the stratosphere are now weighing homeowners down."

Here is a direct link to the Reuters story, here.
And more from Bonddad Blog.

It goes on to point out that October foreclosures were the highest of the year. That is not a good trend...for homeowners, or for the US of A.

But I am sure the president was getting around to this.

It is the irony of the love given this economic condition we American are enjoying now.

Cost of living keeps going up. But you have to fight years to get a minimum wage increase, fighting economists who shill and say the raise will hurt the economy...TOMMYROT!!! Wage earners all over the lower to mid range are suffering. Bankruptcy laws are now set against those with little money. Insurance and medical costs are against the average person.

But wait! The stock market is up. That's good...we are told. But what does it mean to the average person on the street? Do they have more cash in their pocket or bank account? How many of us are invested, and how much is in, and in the right investment? Hmm? Sure many people are making some money, like many people gamble; play the slots, etc, but how many are getting rich, and how many are getting enough to get a new TV...and how many are getting enough to pay for the buffet? That is the truth of it. The market is up. The companies and the big time investors rake in cash...and I'm sure that whole trickle down economics thing will kick in any decade now.

And that is where we Americans are now. Heaven forbid you have a severe medical problem, one which sucks up your savings (as the hospital bill won't be a lean one), the law isn't there to offer an out to the average person, those are reserved for the more valued personages of this land, the corporate entity. Apparently, only a corporation has a good reason to run out of money. I do exaggerate slightly, but the point is that the trend of governance has moved in the direction of screwing over the populace. I wish there was a nicer way I would want to put it. But these decisions are in our best interest. And I don't want it to seem I am partisan in this. While much of this is Republican and conservative ideological pigheadness, many Democrats have seen fine going along with many of these changes, including some people eyeing a run at the presidency.

This country has a slew of troubles to deal with in the age. Allowing the lower 80 percent of the nation to slip into poverty and insolvency is not a way forward. It is not something to get to after the BIG things are fixed. It is something that needs to be dealt with now. It is the greatest threat to this country.


I am sure the president is going to get around to this any day now.