Is America the land of the free? Or are we in bondage to this credit crisis and government? Everyone seems to be talking about the bailouts and everybody’s lining up for their part of the bailout money! What is happening to this great country of ours? Why is it that the little business are all forced to go out of business; but we are doing everything to save GMC which would probably be better to let them go into bankruptcy and maybe break the back of the unions!
I had a piece of property to develop and I was looking for private investor’s to double their money, and I did not have one taker in more than a month! I had to shut down a business and lost about $50,000; but I will not get a bailout! I just have to start over and work at repaying the people the company still owes money too! The IRS will not forgive my bill for $9,000. Our government is forgiving the debt of all these banks. Why is this? It is because the government is the problem; when they repealed the Eagle act back when Bill Clinton was president. It removed the regulations of the mortgage and banking industry which is the cause of our credit cries!
It was very sad to see that even offering to double people’s money, everyone is so scared that no investors stepped forward. So I am doing this project by hard money and a construction loan. If we don’t ask the American people to hold our government accountable, we will just see more and more pork spending. I hope that Obama can turn this around and get America to be the great nation it was but it’s going to require everyone’s help.
Why do most Americans live off their credit cards? Is that what our government has taught us to do as they have done; spend more than we have and always live trying to catch up? We as Americans do not save money anymore; we all live from paycheck to paycheck, and we all are broke at different levels. Is that what our government has taught us to do as they have done without funds? It is the American system in the teaching that needs to be fixed. It’s as bad as Charles Barkley’s golf swing but he is working on fixing it and we the people of America need to fix what we teach our children. They need financial education and a have to understand how to have money work for them as people in real estate do.
That is one of the reasons I started this site and I’ll be writing another story right after this about another project that someone needs to find a cash buyer for and is willing to take a big loss just to sell this project off right now! I’ll tell you why I wrote this, because I’ve watched Americans that have lived the American dream and built a great business and lived a very comfortable life; because of health issues in this country’s economical situation. People are learning how to live on Social Security and $3000 a month. We were sold the idea of retirement was to work hard and save, through their 401k or retirment plan; however, everything they worked for went down the drain with the stock market!