Tuesday, February 17, 2009

A Big Tuesday


Today, the automakers who received $ from Congress last year are due to appear with plans to turn their companies around. They will show the way to profits. Today will be a miracle day.

Also, today President Obama will be in Denver signing the $800 Billion spending bill. I wonder if he's had a chance to read it.

But do not relax. Tomorrow will be a big day and one that will cost us a minimum of $50 Billion. Tomorrow the president will reveal his housing plan. There are two parts to this new spending plan that will be laid out in Phoenix on Wednesday.

First, judges will be given the power to change contracts, mortgage contracts. Bankruptcy judges will restructure mortgages. Congress will need to pass this portion of the bill.

The second part is at the total discretion of the Executive Branch. The power to spent $50 Billion or so will be B. H. Obama's job.

I recommend those who are struggling making mortgage payments get on line and contact the White House now. This includes my sister-in-law who has taken in boarders to subsidize her housing expenses. President Obama is very techno savvy. I'm sure application for your portion of the pie will be available on line. Hurry. This new spending "gift" won't last forever.

Of course, the President can just ask for more $ and get it. What power! The government takes care of its own. Bow down and stick out your hand.

'til later

No comments: