WHERE IS THE HONEST STORY?

Cartoon from here.

Cartoon from here.

Orson Scott Card is a professional writer.  He is a Democrat, and he is disappointed by the professional news media.  So he has taken to writing political editorials.  Here is excerpt from one of his articles.

This housing crisis didn’t come out of nowhere.  It was not a vague emanation of the evil Bush administration.

It was a direct result of the political decision, back in the late 1990s, to loosen the rules of lending so that home loans would be more accessible to poor people.  Fannie Mae and Freddie Mac were authorized to approve risky loans.

What is a risky loan?  It’s a loan that the recipient is likely not to be able to repay.

The goal of this rule change was to help the poor — which especially would help members of minority groups.  But how does it help these people to give them a loan that they can’t repay?  They get into a house, yes, but when they can’t make the payments, they lose the house — along with their credit rating.

They end up worse off than before. (from here)

Who caused the problem?  It was not President Bush.  It was not the Republican Party.  Click here to read all of Card’s article.

Cartoon from here.

Cartoon from here.

2 thoughts on “WHERE IS THE HONEST STORY?

  1. The pain in the economy will likely increase with added burden placed on those who employ people.

    Take myself for example, I run a small business and employ about 10 workers. Sure, from time to time, many businesses will profit above $250,000, but what about the years when the business profits fall below that threshold? Over the course of the last 20 months b/n Jan 07 to Aug 08, my business revenue was around $120k. That’s what many small business owners experience, as business revenue is anything but smooth. Not every small business operates in the commerce sector where revenue is a constant flow like a convenient store. Instead many small operations do business only with larger customer, other businesses, who purchases goods and services periodically.

    The excess profits during good years, is used to keep operations alive during slower times or to recoup from the previous year’s lack of business activity. And with operating a business in most urban areas, $250,000 doesn’t last a very long time.

    Increasing taxes on small businesses who may bring in more than $250,000 during a particular year, will cause the price of their goods produced to increase, forcing the customer to pay more for what they purchased. But during tougher economic times, the increased costs from taxes cannot be passed through in the cost of good produced, and will have to be passed down in the payroll. This affect on payroll will either mean, decreased salaries or decreased employment.

    Question, if a new Congress passes tax increases to entities earning more than $250,000 during any one year, and then provide those federal revenue receipts to those who make less than $250,000, how much good will this do create, if this policy creates decreased worker salaries, increased unemployment or inflation in consumer prices?

    Like

  2. There IS no honesty in politics, Tom. That’s why we are in this mess.

    For that matter, there’s little honesty in big business. I know. My student loans tell me that story every day.

    For that matter, there’s little honesty even in colleges we think should be honest. Union Institute, prime example.

    Free the Mary Jane smokers and fill up the jails with these white collar criminals.

    Like

Comments are closed.

Blog at WordPress.com.

Up ↑

The Curmudgeon

Not afraid to offend

Lines By Liming

Reflections And Thoughts Of A Fortunate Man

Faithful Steward Ministries and FSM Women's Outreach

Christian Outreach Ministry to those Incarcerated, with Addictions and our Military

On the Pilgrim Road

“If you don't behave as you believe, you will end by believing as you behave.” - Fulton Sheen

Jesus Quotes and God Thoughts

“God’s wisdom is something mysterious that goes deep into the interior of his purposes.” ~Apostle Paul

We gathered life only to find...

...'Twas just the willow-wisp of time

The Lions Den

"Blending the colorful issues of life with the unapologetic truth of scripture, while adding some gracious ferocity.”

cookiecrumbstoliveby

Life through the eyes of "cookie"

Rudy u Martinka

What the world needs now in addition to love is wisdom. We are the masters of our own disasters.

Theo-Logis

Supplying the Light of Love

The Recovering Legalist

Living a Life of Grace

Write Side of the Road

writing my way through motherhood

Freedom Through Empowerment

Taking ownership of your life brings power to make needed changes. True freedom begins with reliance on God to guide this process and provide what you need.

In My Father's House

"...that where I am you may be also." Jn.14:3

TLP

Finding Clear and Simple Faith

Amatopia

Author Alexander Hellene - Pulp with Style

John Branyan

the funny thing about the truth

Because The Bible Wasn't Written In English

Welcome to Conservative commentary and Christian prayers from Gainesville, Virginia. That's OUTSIDE the Beltway.

Victory Girls Blog

Welcome to Conservative commentary and Christian prayers from Gainesville, Virginia. That's OUTSIDE the Beltway.

Through Ink & Image

...Pursuing a God Inspired Life

D. Patrick Collins

liberating christian thought

Conservative Government

Welcome to Conservative commentary and Christian prayers from Gainesville, Virginia. That's OUTSIDE the Beltway.

The Night Wind

Welcome to Conservative commentary and Christian prayers from Gainesville, Virginia. That's OUTSIDE the Beltway.

In Saner Thought

"It is the duty of every man, as far as his ability extends, to detect and expose delusion and error"..Thomas Paine

SGM

Faithful servants never retire. You can retire from your career, but you will never retire from serving God. – Rick Warren

Pilgrims of Christ

“The harvest is abundant but the laborers are few; so ask the master of the harvest to send out laborers for his harvest." Luke 10:2

All Along the Watchtower

A new commandment I give unto you, That ye love one another; as I have loved you ... John 13:34

Always On Watch: Semper Vigilans

Welcome to Conservative commentary and Christian prayers from Gainesville, Virginia. That's OUTSIDE the Beltway.

Luis C. Almeida, Ph. D.

College Professor

praythroughhistory

Heal the past. Free the present. Bless the future.

Lillie-Put

The place where you can find out what Lillie thinks

He Hath Said

is the source of all wisdom, and the fountain of all comfort; let it dwell in you richly, as a well of living water, springing up unto everlasting life

quotes and notes and opinions

from a Biblical perspective

partneringwitheagles

WHENEVER ANY FORM OF GOVERNMENT BECOMES DESTRUCTIVE OF THESE ENDS (LIFE,LIBERTY,AND THE PURSUIT OF HAPPINESS) IT IS THE RIGHT OF THE PEOPLE TO ALTER OR ABOLISH IT, AND TO INSTITUTE A NEW GOVERNMENT...

nebraskaenergyobserver

The view from the Anglosphere

bluebird of bitterness

The opinions expressed are those of the author. You go get your own opinions.

Pacific Paratrooper

This WordPress.com site is Pacific War era information

THE RIVER WALK

Daily Thoughts and Meditations as we journey together with our Lord.

atimetoshare.me

My Walk, His Way - daily inspiration

Truth in Palmyra

By Wally Fry

Kingdom Pastor

Living Freely In God's Kingdom

%d bloggers like this: