Thursday, April 7, 2011

THE TEA PARTY AND WHO THEY REPRESENT!

        In a previous blog I briefly mentioned the Tea Party and the way they have been ignored by the Socialist/Democratic Party. I described what they were made up of and why they are protesting to the Obama Administration.
     I guess the best way to describe the reasons they feel like they do is to imagine ourselves in their shoes. Imagine being employed by a company for 20 years or so and having a retirement program you can collect on in the near future when all of a sudden the whole economy slips into a recession. You think you have your retirement pension to fall back on in case you lose your job.
   You have a house you and your wife purchased on an adjustable rate mortgage (ARM) seven years ago.
    The payments started at an affordable amount of $1800.00 per month. You were assured by your Realtor along with the Lender that your loan amount is backed by FannyMae incase the bank takes a wrong turn and gets in trouble finacially. You have taken your life savings of  $20,000.00 and placed it down on the purchase in order that your payment is able to be lowered to the arranged payment.
    It's quietly pointed out to you that because of the lower interest rate, your payment will be increased after the first 2 years to a slightly higher amount. After that it will increase every year for three years at which time it becomes a fixed rate and the payment will stay the same to the end of the thirty year contract.
    Because of a recession looming in front of you and you really didn't get much for raises, the money situation gets worse and your payment is now at $2500.00 per month.
    Your wife suddenly gets laid off after 9 years on the job and receives unemployment. Your finances are now upside down.Then due to a deeper recession, you also get laid off. You both go to your 401k's only to find that your 401k's have lost their value by 50% .
    Ultimately you're in a financial fix with no way out. The banks are in trouble because they can't meet their obligations either. The bills keep coming in and you realize you can't meet those obligations either.
     You look around you and find that many of your neighbors are in the same boat. You have questions for the Representatives in Congress. The phones are ringing off the hook at your representative's office but he or she is not answering you particular call because there isn't enough time in the day.
    Obama tells them to start holding Town house meetings. You know, one of those "monkey see monkey do" things. They try to B.S. their way through but you're too smart a group of people to absorb that much malarkey and you call their bluff. They call off the meetings and later explain to the Main Media the people need a lesson in manners and just don't understand and should shut up.
   Thus the beginning of the Tea party. Can you believe it?   Just sayin',

 

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