Too often these appointments seen to be based, not on ability and wisdom, but on political expediency, payback, race, gender and other political correct criteria.

What we need are the best experts available. We have to scrutinize their work and demand real openness and accountability.

We need to rid the world of intellectually comatose, self serving, knee jerking bunglers who are permeating every position of leadership.

There is a culture of jumped up trolley boys running the store.

Morals, trustworthiness, ethics, principles, dilligency and accountability should be top of the list of must have attributes and qualifications of those who preside over the lives and fortunes of people.

They should not be there to line their own pocket, but should be willing to serve the people.

We need to clean the infection from the inside out – not only in Wall Street – but also in a lot of other workplaces.

Ah yes! . . . but who will bell the cat? It will take courage and commitment and a deaf ear to all the yelling from these miscreants.

One way to move in that direction is for the government to buy properties that are in or on the path toward foreclosure. For many of these properties, the mortgage holders will have to spend time and money to finish the process, evict the owners, and sell the property at auction. The government could buy these properties immediately at the current market rate, saving the mortgage holders the time and expense of selling them later, probably for a lower price.

The government could then resell the properties to the foreclosed-on owners at the original purchase price. The government can borrow money for ten years at about 4% interest per year, so it could loan the money to the buyers at under 5% per year for ten years. Many buyers could afford payments at such a low rate. Interest makes up most of a house payment in the first several years.

After ten years, the properties will probably have appreciated enough that the owners can refinance into a conventional mortgage, and the taxpayers can walk away with a profit.

This plan apportions the losses caused by bad decisions fairly. Mortgage holders take a loss, but they quickly have more money available to loan out (responsibly this time). Assets backed by these mortgages are immediately liquidated at market value. Foreclosed-on buyers have their credit ratings impaired and must pay the original price for their house, but they can afford to stay in it. Taxpayers are protected.

Homeowners who are foreclosed on will probably not be able to buy another property anytime soon, so keeping them in their current home will prevent that home from going on the market and driving down prices further. Not all foreclosed or troubled properties will be appropriate for this kind of plan, but many will. This won’t solve the whole problem, but let’s do the easiest and most effective stuff first!

Still think we need programs, creation, oversight, stimulus, security, protection, intervention, liquidity, stabilization, support, regulation, planning…

Ask for an inch and you’ll get a mile.

SOLUTION: MAKE U.S. ENERGY INDEPENDENT IN 1 YEAR.

1) The first-time buyer. In most cases they knew full well they were taking out an adjustable-rate mortgage as the notation ARM loan is spelled out in bold caps across the top of the note. In most cases a fast-talking mortgage broker quickly pointed out that the borrower had an ARM but not to worry, the borrower can refinance before the rates adjusts. The borrowers, with no savings and no money down were simply gullible and should have complete more research on mortgages. These people deserve some degree of sympathy.

2) The real estate investors. Most of these borrowers attempted to cash in on the so-called housing boom by purchasing multiple properties at one time in an attempt to either rent or “flip” the properties at a profit. Most of the buyers had no background in Real Estate and were attempting to simply get rich quick.

3) The borrower that refinances ever few years and “cashes-out” (borrows against) their perceived equity in the property. Had these borrowers simply stuck to their original mortgage and not used their house as the proverbial ATM to fund their reckless spending they would not be in this bind. I cannot tell you how many times I have spoken with a borrower in default within a year or two that received $20,000 to $150,000 cash at closing. When I ask about what happened to the money the usual response is simply ” I don’t know, I spent it.” Like Wall Street, these borrowers were hedging with the notion that as long as property values continued to increase and the well would never run dry there was nothing to worry about.

The problem in our country is the fact that we have become a nation of savers to a nation of debtors. We have continued to borrow and live beyond our means for too long. Instead of scapegoating and finger-pointing we need to admit we have a problem and work to resolve it.

1) The first-time buyer. In most cases they knew full well they were taking out an adjustable-rate mortgage as the notation ARM loan is spelled out in bold caps across the top of the note. In most cases a fast-talking mortgage broker quickly pointed out that the borrower had an ARM but not to worry, the borrower can refinance before the rate adjusts. The borrowers, with no savings and no money down were simply gullible and should have complete more research on mortgages. These people deserve some degree of sympathy.

2) The real estate investors. Most of these borrowers attempted to cash in on the so-called housing boom by purchasing multiple properties at one time in an attempt to either rent or “flip” the properties at a profit. Most of the buyers had no background in Real Estate and were attempting to simply get rich quick.

3) The borrower that refinances ever few years and “cashes-out” (borrows against) their perceived equity in the property. Had these borrowers simply stuck to their original mortgage and not used their house as the proverbial ATM to fund their reckless spending they would not be in this bind. I cannot tell you how many times I have spoken with a borrower in default within a year or two that received $20,000 to $150,000 cash at closing. When I ask about what happened to the money the usual response is simply ” I don’t know, I spent it.” Like Wall Street, these borrowers were hedging with the notion that as long as property values continued to increase and the well would never run dry there was nothing to worry about.

The problem in our country is the fact that we have become a nation of savers to a nation of debtors. We have continued to borrow and live beyond our means for too long. Instead of scapegoating and finger-pointing we need to admit we have a problem and work to resolve it.

Keep the politicians’ hands out of the economy and the lives of individuals and I 100% guarantee you that the business cycle would be a thing of the past. Abolish the Federal Reserve system and you wouldn’t have to worry about “inflation,” which is nothing more than the RESULT of the Fed expanding the money supply. Anyone who thinks the U.S. has anything resembling a free economy should look at the length of the tax code, the CFR, and our bloated trade agreements. We’re talking about HUNDREDS OF THOUSANDS of pages, folks. If you think that’s a “free market,” then you’re quite beyond help. Those regulations were not established to make the economy run more smoothly, but rather, to protect politically-connected organizations.

What’s my plan?

- Abolish the Federal Reserve, which has allowed Congress to spend countless trillions without directly taxing the public.

- Repeal the income tax amendment. Let people keep what they earn. The standard of living for EVERYONE will improve, whether rich, comfortable, struggling, or destitute.

- Eliminate all subsidies. They distort the market and inefficiently allocate scarce resources toward projects which the collective wisdom of the market does not approve. Yes, bankers were effectively subsidized during the housing boom and look how that turned out!

JOIN THE RON PAUL REVOLUTION!

My suggestion? Do nothing. Elect either candidate, it won’t much matter, this country’s way of life is already extinct. We have overspent for too long, the power-hungry thieves will end up eating each other’s young, and this country will become a destitute third-world nation before 2010. The young have no skills, many can not read, very few have any ambition, and many more are addicted to (fill in the blank). Hopefully the living grandparents will teach necessary skills to their families before the bloodbath and also hopefully the remaining people will stand up to the despots and modern-day “carpetbaggers” that will roam this beautiful continent. In the end, we will revert to a 19th century economy at best, and probably use gold or energy as the currency standard. I look forward to the improvement and pray the good Lord allows me to help in the a**-kicking.

If people have to go bankrupt it worsens the economic recovery as they will not contribute to consumer spending nor recovery of the housing market.

Reduce the size of government at both the state and federal level and provide tax relief to small businesses and consumers now.

Put together a focal group on the economy, pull together economic policy leaders and focus them on the economic ills, politicians dont have the answers.

I’m tired of watching my politicians write checks that my daughter and her children will have to cash.

We also need to gain our independence back! We owe more money to more foreign nations than ever, we send out a annually growing percentage of our own personal dollars to the Middle East buying gas for our cars because our government won’t and can’t find a way to make us at least energy neutral (where we send out at as much as we buy) and lastly, we can’t cry about our unemployment numbers and send our jobs overseas in the same breath.

That’s what our President needs to start doing from day 1.