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Birthday: January 29
Gender: Male
Religion: Christian/Catholic
Location:
MASSAPEQUA PARK, New York
United States
School:
LSMA
West Point
Dowling College (BBA)
Corolardo Technical University (BSCJ MSCJ & PA)
Work:
US Army
NCPD
Met North/ FAI
Self-employed
DeSantis Leather Goods
Gun Gear Inc.
Prudential Ins.
Combine Life Ins.
The Home Depot
Hometown(s):
Brooklyn, NY
Seaford, NY
West Hempstead, NY
Massapequa, NY
Massapequa Park, NY
My Websites:
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Quote:
"The easiest way to eat an Elephant is one bite at a time rather than to swallow it all at once"; "Proper Planning equals Peak Performance" & "The quicker we start the quicker we solve the problem and handle the other challenges of life"

Government Bailouts

What I am about to say most people will believe I am cold and heartless, but the truth usually hurts whether they believe it or not.

I beleive it is time for the American public to feel the pain of their mistakes. Their mistakes in not voting career politicians out of office. Their mistake and greed to acquire self wealth on the backs of true middle income Americans and their families. Their mistake letting executive CEO's be rewarded for poor management and oversight of shareholders' money. Their mistake in believing the government can help them manage their economics out of problems when they cannot even manage the everyday people business in running an efficient government, except for the military and they have their own problems. Their mistake in looking the other way allowing the poor and uneducated to control the peoples purse strings by letting Congress not hold those who recieve taxpayer money accountable for productivity and paying back a portion of their gift to promote responsible behavior. I say NO BAILOUT PACKAGE & let America and the World waid in a short depression. You will find a greater generation return like the one who survived the 1930's & 1940's of the United States of American. Too many people and chidren were given too much without earning the rewards. It is now payback time.

Our problems begin form the 1960's for the right reasons but the wrong means. Give with no return, ethier by service or montary reinbursement of time. Socilaism is why WW I, WW II and Korea, even Vietnam to some extent, was fought. Our Present situation was cause by many of the same people (on both sides) trying to sell us a saving plan. There were distinct warnings by both Republicans and Democrats starting in 1996. While others perpertrated the problems forming the basis of what Fannie Mae & Freddie Mac is today, Barney Franks 1992, and supported by Charles "Chuck" Schulmer 1995 & 2003 over the years. When is the American public going to wake up and see career politics is our worst enemy. There should be term limits set, 2 - 4 years terms for Congressman & 2 - 6 years terms for Senators, there should be no permanant retirement program or health benefits given. Their benefits should be subsidized while in office and then they must contribute to their plans as typical middle class people do as a self-employed person.

Rockinchair says:
Since you went back to the 30 and 40's It was coined as the greatest generation,and it was. In the end they were betrayed
Posted: October 14, 2008 10:45AM EDT
over65 says:
No fault with your comment
Posted: October 13, 2008 12:41PM EDT
PeggyOBanion says:
I believe it is time for most of them to go.....They are working for themselves and not the people who hired them to do a job for the individual states and for the country. They have lined their own pockets with self interest and greed..
Posted: October 13, 2008 10:58AM EDT
guyg says:
Nice history lesson. I agree with you
Posted: October 11, 2008 1:22PM EDT
lilac987 says:
Just wondering where did our "trusted servants" get their ideas on how to fix the banking crisis?? They let the "crash" happen why do they think they can fix it...why does anyone think they can fix anything....Between the election and bank situation... I think everyone in Washington and the media have lost their minds. No one really knows what will happen next ...normally I don't panic ....but I can't even imagine what will happen next...
Posted: October 11, 2008 12:23AM EDT
dianhow says:
I agree people sometimes need to learn the hard way. But also Consider this: In the last 8 or so years. deregulation of lenders and others has taken it's toll. In 2003, Bush told Fannie Mae the following: " Make more money available to low income and poor credit buyers, so they can afford to buy a home" That was a recipe for disaster, as anyone with a lick of intelligence should have known. Lenders then' bundled' these bad loans and sold them to Wall Street as Mortgage Securities. Greed took over from there. Should home buyers have realized that they could not afford to buy a home ? Of course, but our lawmakers bear much of the responsiblity as well, for making it so easy to get these loans. Laws should not make it easy for business to hurt consumers.We used to have much better consumer protection laws years ago. I leave it to all of you to decide who changed the law to protect corporations more than it's citizens. Laws need to seek to protect the consumer from predatory lending, etc..which they did not. I saw this first hand..since I am a Realtor. That's my 2 cents worth..
Posted: October 10, 2008 8:44PM EDT
Vesuvius says:
You are on the money about term limits and no permanent retirement or health care plans. It would create a major change to be rid of career politicians and if they had to live like most of us do.
Posted: October 10, 2008 5:49PM EDT
amoswell says:
You have nailed the truth. I am also in agreement with you. Why should I bail out anyone for not using their common sense.
If a person is so stupid as to buy a house they know they can't pay for; then let them and the people that lent the money sink. If I have to endure some fiancial downturn in the process then so be it.
I live below my means so I will not have to use credit cards and can afford to get my car fixed without it being a hardship. I do not live in a huge house. I make 40 plus thousand a year and am debt free except for my trailer note. I am not ashamed that I live in a mobile home. I at least have a thousand dollars a month that I do not need to meet my living expenses.
The whole problem in our society today is greed. Somewhere along the way we forgot how our parents worked hard and saved to get ahead and buy a home. We have decided as a society that we are entitled to the best of everything no matter if we can afford it or not. I think if we do not work and contribute to society then we go hungry unless you are unable to work. I know many people that spend their whole life figuring out how not to work and live off our tax dollars because of all the give me programs that have come along in the last 40 plus years. There will come a day in the near future where our government will be as broke as AIG if things do not change in the next 10 or less years. You can't borrow more than you can make monthly payments on and we are there now because of government borrowing to pay for useless spending. The government only owes us protection from hostile take over and a safe country to live in. As long as the government did that, everyone could afford for mom to stay home and be a wife and mother an fathers could make a living for the family. I have watched things change for the worse through the years because of people wanting it all. We aren't entitled to it all
Posted: October 10, 2008 12:32PM EDT
phonebone says:
Hard to find any fault with your logic there, Henry!!
Posted: October 3, 2008 10:03PM EDT
GG-62- says:
Well said, well said. Now if only it had been done.
You have found one who agrees with you.

One thing I might add... we told God to get out of
our lives... and....look were we are.

Bless you...
GG-62-
Posted: September 27, 2008 2:27PM EDT
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Added: Sep 27, 2008
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