During Obama’s Facebook town hall, Obama was asked about helping Americans struggling to pay their mortgages. Obama said, “…some people should just rent.” Actually, I agree. Some people should rent because they don’t earn enough to buy a house.
After 2 years of Obama’s promises and capitulations, I listen to his answers, responses, and speeches differently now. I’m more interested in what isn’t said than his actual words. The words Obama uses to answer questions are worthless, they mean nothing to him other than they solved an immediate problem. You may think he answered the question but did he? And if he answered, will he defend his answer or agree to the exact opposite during the next round of negotiations (preemptive surrender).
Back to just rent. People are losing their homes because of unemployment and bank fraud. Our unemployment is caused by Free Trade, crony capitalism, and political corruption. Bank fraud is just criminal behavior but if they own our politicians…
Recently, I heard the question, “Are you middle class because of income or equity(wealth)?” Middle class people sometimes struggle with the answer but if I asked a rich person, are you rich because of income or equity, the answer is easy. Kobe Bryant isn’t rich because he earns $20 million a year, he is rich because his assets(equity) enable Kobe to live lavishly indefinitely without an income. After Kobe stops playing, he won’t need a job to pay the mortgage, there won’t be a mortgage if he has half a brain although there are some tax considerations, estate issues, etc.
In the last 100 years, the best method middle class people used to create equity and generational wealth is home ownership. “Just rent” represents the surrender of the middle class to the rich. The top 10% own 90% of America’s wealth, and 100% of our politicians. They are benefiting from free trade, illegal immigration, continuous war, reduced wages, and Wall Street fraud. So when Obama says some people shouldn’t own a home, they should just rent, who do you think he is working for? You? The middle class?
This is just another example of the American middle class reset. Middle class jobs are being exported, middle class wages are decreasing, middle class social programs are being eliminated, middle class health care is being cut, and middle class retirements (years, benefits) are being stolen. And our “Democratic” President wants the middle class to become urban sharecroppers or worse, why vote for a Democrat ever again? ***Trump2012***



11 Comments

Bin:
I must say that I am ambivalent: I understand where you are coming from concerning Obama’s statement (“just rent”); it does sound like he is telling us to get use to the “new normal.” I paid off my home before the crash, but it has dropped in value by 50%. At some level I wonder if buying a home in this country is something like taking out a loan with the Mafia?
The New Normal and the Middle Class Reset are the same, Obama has accepted the Republican argument that free trade, exporting American jobs, decreased middle class incomes are in our long term best interest. The political donation class is insulated so all that’s left is to sell the voters that Walmart and McDonald’s $9/hr jobs are the result of globalism, and the government is powerless to change anything. We must demand better from our politicians or fire all of them. ****Trump2012****
Screw obama and his propagandizing for the mighty owners.
I scrapped together all my chips at the end of the 90′s and tried to find a house to buy. Ha, how naive i was. Even all my chips weren’t enough for a fixer upper. It was house flipping time throughout the land. So i built a small house. It was so small i had trouble finding a company to insure it. But i improved it every time i got a little cash and now i have a small house that the bank has no part of. I believe more people can do this sort of thing but society makes it difficult. It is tacitly discouraged.It is time for us to stop listening to these people. There is a better way.
This is just Obama’s way of saying “Sucker!!!” to the middle-class.
Obama is reprisng ” Network,” I`m mad as hell and I`m going to take more and more.” Every day a Trump-Paul ticket seems better and better.
Zenostoa
Trump-Rubio can win. They can make Ron Paul SecDef.
I dunno; it’s pretty dangerous to buy a house now, given that so few have free and clear titles of ownership thanks to the MERS clusterfuck. I’d advise waiting…
There are plenty of people who think renting apartments is better than buying into a co-op, so there’s that, too.
Maybe this is a bck-door admission that no prosecutions and not putting baig banks into receivership and cleaning up their books will keep housing crazy for a long time. In that, he’s right.
“Trump-Rubio can win. They can make Ron Paul SecDef.”
Trump
Rubio
Paul
have we fallen that low?
Ron Paul should be at Treasury.
Rent is going up as fast as food and gasoline in my town. Obama should have said just camp out.
Yes we have. It’s either Trump and Rubio or “The Rent Is Too Damn High” Jimmy McMillan from NYC.