Monday, March 08, 2010

The American Dream...

Let's suppose that you're an illegal alien that has been living in the United States for the past 5 years. You're working in construction and get paid $50,000 a year (under the table); your wife and kids get welfare and food stamps and all of their medical is taken care of at local clinics and hospitals.
During those 5 years, you bought 2 houses for "nothing down" and rented them out for $250/ month more than the mortgage, insurance and taxes. This gives you an extra $6000 a year in tax free income (because you don't file an income tax return).
For the past year, you've stopped paying the mortgage and your houses are going into foreclosure.
Now, under the new Obama plan that takes effect next month, you elect to "short sell" the 2 houses, getting completely out of the mortgage, insurance and taxes and are being given $3000 ($1500 per house) of taxpayer money as an incentive.
So, you've been making $50,000/ year; have saved about another $25,000 by not paying your mortgage, taxes or insurance for the past year and are getting out of debt with a $3000 reward.
This now frees you up to but another 2 houses for nothing down, at reduced prices and with a much lower interest rate. In addition, the government will give you $6,500 for each house you buy as an incentive to buy these houses. You now rent them out and start the "cycle" all over again.
All of this money and opportunity without a cent out of your pocket.
***By the way...this incentive will now bring down the value of all the other homes in the same neighborhood.

On the other hand, you're a citizen and taxpayer that has put 20% down on your home 5 years ago and have been making your mortgage, insurance and tax payments on time every month for those past 5 years. Because of the real estate bubble falling apart, your home has gone down in value to below what you owe on it. If you take advantage of Obama's new incentive plan; you lose your down payment (20%) and any equity that you thought you might have, as well as ruining your credit score. You have no money (except for the $1500 that the government will give you) so you can't even buy another house.
Aren't you glad that you "played by the rules" and got screwed ? Aren't you glad that you paid your taxes so that the illegal alien could have a better life than you ? Aren't you glad that Obama, secretly snuck this new plan in without the knowledge of the American public ?
Besides feeling stupid, been "had" and angry...what are you going to do about it ???
Ans: NOTHING. And that's because you're either too lazy, too scared or just plain stupid.
What you can do is everything in your power to get rid of Obama, his cronies and all of Congress. Between those people, they've not only violated our Constitution, but have completely shit on the American Dream.
Not only are you getting screwed but the illegal alien won't even "thank you" for it.
In any other country, there would be mass riots and the existing government toppled if this happened.

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