The Mortgage Crisis

No one should be stunned that the mortgage crisis is continuing. The banks have been selling sub prime mortgages for years, not just the past few months that they have been switching to their higher rates that are causing the failures, so those mortgages will continue to kick into their higher interest rates for years to come to continue the defaults. Add in the fact that those defaults affect the values of properties around them which will continue to push other people into just walking away from their homes. Add in that so many good paying jobs are being exported to countries like China and India so a lot of us locals can no longer afford to make our mortgage payments with our lesser paying jobs when in all likelihood our home is not worth the mortgage we hold on it anyway. Add that all these job losses causes a reduction of local spending which results in even more local people being laid off which increases the competition for the fewer available jobs and you get a continuing cascading effect from all these forces. Now add in the job losses associated by the high cost of gas and oil that affects the costs of all products to this mess and you have another factor that will ensure this will continue for a long time. Let’s include the foolish use of food crops to be converted to fuel to burn which will add additional costs to everyone’s food that is already going up because of higher fuel costs anyway, and that also adds to the worldwide loss of available food to feed us people of the world. These are but a few of the many factors that will continue to drag down the US economy and threaten the future of the country.

Politicians can only see as far as the next election and for the most part haven’t any training in any field that would help them to understand anything other then how to babble deceit to get reelected to continue feeding off the public trough while pretending they are superior to the people who are the country. They have been kissing the backside of special interest groups for years to get their funding to run their next election campaign, and many of them are always engaged only in electioneering during their full time in office. Consider the large number of lawyers who are politicians and how their trade is exactly the same which is the babble of deceit to confuse the issue to win regardless of the costs to others or to the country as a whole. It is always only about them.

So long as we worship unbridled democracy and capitalism instead of God we can only expect more of the same. When you see something is not working right and continue to ignore it instead of fixing it then only blind fools will expect things will somehow change for the better. If our vehicle brakes don’t work right do we ignore it and expect things will get better? God gave us an excellent brain and it only makes sense to use it. We should not continue to encourage the lowest worldwide found rules to regulate business because it is proven that a lack of concern for life and our environment is the result. The wealthy and companies should not be allowed to continue the casual destruction of our world and people’s lives just because they are called businessmen and capitalists. Catering to selfish greed has proven to be a failure so it is time for frameworks to be designed for people and companies to work within, something that maybe we’ll choose to call governing.