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Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

One Response to “Recession Recovery by the Numbers”

1. sue806 Says:
   January 22nd, 2011 at 1:43 am

   Stop paying for your neighbors’ mortgage or Wall Street bonuses by signing this petition. Unitedinprosperity.org was created to petition the government to STOP their current policy of socializing the losses at the taxpayers’ expense that allow the profits to remain Wall Streets’. Which is absurd when ninety eight percent of American citizens have been financially hurt by the housing and foreclosure crisis, signing this petition allows your voice to be heard:

   *If you have negative equity regardless of being current or delinquent (negative equity is when you owe more than your house is worth losing your ability to build your own “equity” fund as you pay down your mortgage balance monthly, basically there is no financial benefit to remain a negative equity homeowner except your mortgage payments are paying Wall Street their profits.)
   *If you lost some of your equity “fund” (wealth) that you were planning for your retirement or will become one of the 48% of homeowners affected by negative equity as housing values decrease another 10-15% in 2011 per leading industry researchers
   *If you had your income reduced
   *If you lost your job
   *If you are worried about losing your job including those jobs that will be lost because of the” budget cuts”
   *If you don’t agree with the government that a negative equity homeowner is entitled to a lower rate or principal reduction because they bought a house they couldn’t afford or no longer can afford that you as the taxpayer should have to pay for
   *If you believe you are entitled to a similar financial advantage because you have negative equity (you are)
   *If you don’t believe that Wall Street has the right to choose who or how much negative equity homeowners should “benefit” based on what the homeowner will accept or can pay, making you as the taxpayer responsible for their losses, they don’t
   *If you lost money in the stock market or your pension was or is still invested in the mortgage and/or bond market
   *If you are worried that your grandchildren will have to pay for our unregulated capitalistic mistakes that have raised our national debt to a staggering level and the list goes on. The 98% of us affected have the legal right to sign the petition demanding that capitalism and existing laws are enforced protecting Main Street from Wall Streets actions and abuses.

   The one capitalist rule that all homeowners had understood and agreed to is, if you didn’t pay your mortgage for any reason, you were foreclosed on. When negative equity occurred no homeowner was entitled to a lower interest rate or a principal reduction UNTIL the financial industry changed the rule by modifying over 3.5 MILLION negative equity homeowners setting the precedent THEN ALL negative equity homeowners(similarly situated parties) BECAME legally entitled to a similar financial incentive (benefit) of a negative equity modification if the law was followed.

   Increased banks profits will not help Main Streets recovery. But bringing back the principle that “no one is above the law” will. It will allow ImNotLeaving Streamlined Uniform Modification System to return the mortgage (negative equity) losses to their rightful parties creates a taxpayer free cash stimulus of over six billion dollars each and every month for Main Streets economy without costing the taxpayer one cent and is a “shovel ready project” representing hundreds of thousands of jobs created within weeks, not months or years boosting Main Streets economic recovery now.

   While capitalism, the law and the precedent set allows for every negative equity homeowner to be entitled to a similar financial incentive to remain a negative equity homeowner WE, the undersigned taxpayers are respectfully requesting that all taxpayer paid support of Wall Street made thru back door deals, subsidies and / or guarantees are immediately STOPPED with our endorsement of this petition. Easily accomplished by a vote or even note from our congressional leaders to our taxpayer owned, Goverment Sponsored Enterprises that THEY must follow the law (as the industry leader of over 50% of all outstanding mortgages) before Wall Street will follow. Without a leader to follow there is no change.