THE ILLUSIONS OF "WINNING TATICS" IN THE 2010 ELECTIONS

Rumblings have begun about just what "must" be done in the 2010 Election Cycle. Blogs are beginning to fill with "win-loss" scenarios with head counts from both the U.S. House of Representatives and the Senate.

Reasonable arguments are being made that voters can create a total shift from the current Democratic control to one of Republican control. Others argue that to do so would just set the table for President Barack Obama to go on having someone else to blame for all his failures. In response to that prospect still others urge voters in America to replace a "certain number" so neither party have dominant control.

I am greatly concerned when people think they can fine tune an election process so there will be "just enough" of anything. One hopes the reality that "control is an illusion" quickly comes to mind.

The battle at hand is to wrestle our country back from a radical group of Far, Far Left Radical Progressives who continue to straddle the Ivory Towers of elitist educational environments and the swamps of political corruption at their deepest.

First and foremost the deranged and/or totally corrupt members of Congress must be thrown out. I don't know what it will take, but perhaps every ounce of energy, every dollar available and every bit of pressure imaginable must be focused on removing a relatively small group.

Nancy Pelosi, Harry Reid, Barney Frank, Henry Waxman, Charlie Rangel, Christopher Dodd, Barbra Boxer, Dianne Feinstein, Jeanne Shaheen and Olympia Snowe would be on my list. Oh, let’s not forget Pennsylvania’s “finest”, John Murtha. He may not be in the same political bedroom as the others but he does his very best to feed at the money trough in Washington. “Cutting government spending” would NEVER be his agenda.

Nancy would be first on my list. I’m just frustrated that I don’t have the millions of dollars it would take to move enough people into her Congressional District, get them registered and then vote her out of office. Understand this example. The “Queen of the Nanny State” is revered by legislators in Sacramento who passed more waco laws in 2008 like the one that requires “anyone under the age of 13 to wear a life preserver in order to go swimming in California”. Their reasoning? There were so many illegal aliens from Mexico who couldn’t speak English and they didn’t know how to yell “Help” if they were drowning. (Yes, that was the comment from the Legislative Leaders!)

Clearly some of you might have to avoid the natural response...”Their Illegals. Let them drown.” The other reaction could more passionately be for the 99% in that same age group who simply want to enjoy a comforting and fun swim.

In the last 100 years (or more?), there has not been a greater threat to everything that has made America the great nation that it is. People associated with the Obama Administration -- whether in political office, acting as a Czar or those behind the scenes sending you SPAM or pulling other dirty tricks -- are all dangerous and seemingly have no interest in protecting, serving or promoting America. Many are criminals, tax cheats, declared Communists or good old fashion, power-hungry sociopaths. Meanwhile we have a President who spends every waking moment in what psychologists call "Pretend Reality".

It's laughable that years ago people use to scoff at Ronald Regan's run for the Presidency to be one of "just an actor".

In truth, President Barack Obama makes it nearly a daily occurrence to stand in the spot light while he lies his butt off to America. Now that's acting! Thankfully Americans are growing tired of the Obama Soap Opera.

One of the bumper stickers from SatireWorks.com says: "To Obama it's not a job, it's an adventure and we're paying for the ride!" I don't think the man has anything but his own ego to be served each day. If you were upset with recent political cartoons of him portrayed as "The Joker", how are you going to feel when he is accurately portrayed with a tight little black mustache on his upper lip?

Here's your chance to speak out. You can either e-mail us (customer services at satireworks.com) or comment on the blog. How would you defeat a Nancy Pelosi in the 2010 Election?

BRACE YOURSELF. THE WORST IS YET TO COME

This past weekend I had an opportunity to speak with a retired Vet who is struggling with a very guilty conscious.

No, his concerns are not because of anything he might have done while wearing his uniform and serving his country. He told me he is now fully retired from regular employment because he made a conscious decision back in 2006 while working in the home mortgage industry.

He and everyone around him was making money hand-over-fist, writing home mortgages. He knew it couldn't last so he set a goal for himself. "I decided to make a million dollars (or more) in as short a time as possible and then retire."

"I wrote as many Adjustable Rate Mortgages with one per cent down, that I possibly could. They always went through so it was just a case of finding more and more people who wanted to own a home, even though I knew many of them could not possibly afford the purchase."

What he is feeling very uncomfortable about now -- even after witnessing the "collapse" both banks and Americans in general have seen over the past ten months -- is that he knows those ARM's issued are about to "reset" after three years. The time table is the Spring of 2010. We're about to see the bulk of the "option arm-risky loans" written by the banks, re-adjust from a Fixed-- "Teaser-rate" -- to a Variable rate.

Home owners will go from a 4.25-4.5% interest rate, to 8-10% (Libor rates). People will no longer afford their mortgage payment! Foreclosures will skyrocket!

He openly admitted that 2010 will make 2009 look like a minor blip and yes, this will be reflected in the current sucker's rally now on Wall Street. In other words, 2010 will see thousands of home owners "walking away" from their homes and their mortgage obligations because the value of their property will be much lower than the obligation of their loan. WITH INTEREST RATES GOING UP SUBSTANTIALLY on the resets, a $1000 a month home mortgage payment may jump to $1,500, $2,000 or more! As an added bonus, there are tens of thousands of "balloon payment" mortgages that will come due in 2010 and beyond. That reflects a full-fledged, nationwide mess.

On top of that disaster he said associates who still work in the mortgage industry quietly tell him that many major banks and mortgage holders have created "shadow foreclosures" that they are hiding from the government and the American people. Thousands of properties have gone belly-up already but the mortgage holders are not putting them back into MLS or open real estate listings. They are holding them back to create the illusion that home prices are stabilizing and that inventories are falling -- making NOW the time to buy.

RealtyTrac, an Irvine, CA-based foreclosure listing firm, reports that up to 700,000 foreclosed homes are not included in the multiple listing service (MLS). The housing inventory is currently pegged at 3.8 million properties, or close to 10 months of waiting at the present sales pace. With this shadow supply, however, selling is expected to take a lot longer, causing a further drop in prices.

Banks cannot let go of these properties in one go, as it could drastically reduce prices in the most hard-hit communities. Home prices have already dropped as much as 30% in some communities, and experts say they can fall even further. Some areas may need to drop another 30%, says, Barrack, just to get back to normal levels from 1998. (see link below)

His final comment was that the average American home is worth $125,000 (maybe $135,000) but definitely NOT the $250,000 to $350 or $400,000 many are imagining or hoping for. That level of "recovery" in pricing is many years away (if ever). With the ever rising tax obligations governments are placing on people and the Obama Administration's ongoing efforts to redistribute wealth, it is very, very doubtful that American citizens will be financially healthy enough for any future housing "boom".

Another personal note on housing from this weekend. An associate of mine purchased a three bedroom home in Florida Saturday. He put $1,000 down with a sale price of $41,000. The current owner "just wanted out!" and was feed up with trying to stay in the home.

Maybe it's time to buy stock in any manufacturer or distributor of tents because it certainly appears that's where many people are going to end up living.

Send your "Thanks" to Barney Franks in D.C.

*SHADOW: http://www.cdloanmod.com/loss-mitigation-news.php?a=shadow-foreclosures-may-slow-down-housing-recovery