Solution to 2008 Foreclosure Crisis

      To Scott Lanman, Bloomberg News. I read your article on Bloomberg regarding the Fed putting $200 Billion dollars in mortgages to provide some liquidity in the mortgage industry. There are several misguided efforts to repair our economy that are virtually useless and only increase the need for more taxes. This tells me that we are electing people to run our Federal government who do not understand political economics or are con artist scammers becoming rich duping American Citizens.
      The term "Sub-Prime Mortgages" is a con artist lie that the news media has adopted from the Con Artists. Legitimate home loans are made to borrowers who have proof that they have adequate income, payment history, and integrity to make their payments.
     The problem is that our Federal government allows Greed Mongers to destroy jobs and small businesses with the Merger Epidemic the Republican Congress started in 1998, Republican Phony Oil Shortage, Price Gouging, and Interest Rate Gouging destroying the incomes that were used to prove that the borrowers had adequate income needed to make their payments.
      Our Federal government has an obligation to protect the general public from Greed Mongers because they are doing more harm to the United States destroying jobs and small businesses than people like Osama bin Laden. This Greed Monger Disaster has made a huge increase since 1998.
      The $200 billion Federal Band-Aid may help a small amount but the real solution is to fix the problem causing most foreclosures. The following is most of the problems causing the foreclosure and corrections needed as follows:
      1. Adjustable Rate Mortgages. They are not sub-prime mortgages as the news media says. If a person qualifies for a payment of $1,000 per month and Mortgage Company increases the rate a substantial amount, the borrower can not make the payment. Loan contracts that allow this rip-off must be declared illegal.
      Some payments go from $1,000 per month to approaching $2,000 per month. This huge increase should be illegal. Lenders can not get it through their head that when they start gouging people with high interest rates they are wrecking themselves and their customers. Statistics prove that lenders make more money with low interest rates.
      Congress could make it illegal within a matter of days and also make it retroactive. The stupid part is that lenders damage themselves more than the damage to the borrower, like financial suicide. I am a real estate broker and I have sold some foreclosed homes for as much as $75,000 below regular market when the market was OK, which is why some mortgage companies are going bankrupt.
      2. The Phony Oil Shortage and Gas Gouging at the pumps, which is sucking up billions of dollars that is making it impossible for millions of people to pay their mortgage payments. I spoke to a woman a few days ago who told me that when Bill Clinton was president she was spending less than $100 per month for gasoline, today she is spending $350 per month for gasoline, mostly for going to and from her job.
      There is no shortage of oil. President Bush could fix the problem instantly by issuing an executive order forbidding commodity traders from bidding more than $30 per barrel for oil. We are the largest customers and OPEC would drop their prices instantly. Also, he could easily get Europe and China to do the same. Congress could instantly enact a law to do the same thing. Hillary would become a national heroine if she would introduce this proposed bill and publicize it.
      3. Credit Card Companies are now being allowed to gouge their customers with extremely exorbitant adjustable rates, some as high as 35%, and unreasonable penalties. This is sucking up billions of dollars that are needed for mortgage payments plus bankrupting thousands of people. Congress could and should make this illegal, which they could do very quickly. Hillary would become a national heroine if she would introduce this proposed bill and publicize it.
      4. The Public Corporation merger and acquisition epidemic has destroyed at least 2,000,000 jobs. The Roosevelt Anti-Monopolistic law against public corporations was repealed by the Republican Congress in 1998. Many people have been forced from high paying jobs to start over at or near minimum wages, if they could find a job, and can not make their house payments. Most of this epidemic has occurred in the last 7 years. Congress could repeal the repeal and require undoing mergers that destroyed jobs thus prevent further economic damage. Hillary would become a national heroine if she would introduce this proposed bill and publicize it.
      5. Outsourcing of jobs has destroyed at least 3,000,000 jobs forcing victims to start over at lower paying jobs, if they could find a job. These destroyed jobs have put millions of people into a position of losing their homes to foreclosure.
      Clearly, the current proposed tax refund is extremely stupid. It does not address any of the problems. It is like giving a person one drink of water in the desert. It creates an additional tax burden, although most Republicans do not believe that we have to repay money borrowed by the Federal government. In 2006, the US Treasurer borrowed $406 Billion dollars and $430 Billion in 2007 to pay the interest on our Federal Debt, which is not listed in the Federal Budget, but should be. Bush and the Republicans have increased the interest cost on the Federal Debt almost $175 billion dollars per year, money that could be used to help American citizens.
      Congress could place a large tax penalty on outsourcing of jobs, including manufacturing plants in foreign countries at lower labor cost and selling the products to American citizens, and bring many jobs back to he United States. It would not make any sense to penalize American factories in foreign countries for them to manufacture products and sell them to the citizens of the respective countries. Hillary would become a national heroine if she would introduce this proposed bill and publicize it.
      6. The retirement plans of American automotive factories and other large corporations are failing due to the retirement plan investment stock market loses. According to a recent survey on Google News, 87% of retirees do not have any income beyond their Social Security check, which is 75% lower than their work income. I have the solution to the retirement failures on www.rojego.com and www.jegoolsby.net that could relieve the retirement disaster problems. Hillary would become a national heroine if she would introduce this proposed Social Security improvement, which is the most powerful economic engine ever proposed in the United State of America and publicize it. Hillary would win all of the next primaries and become our next president if she will use my ideas.
      While Hillary should stop criticizing Obama, she should point out that clearly, Republicans are doing cross-over voting for Obama and contributing money to Obama instead of McCain because Republicans believe that they can beat Obama in November. One source is Limbaugh's "Operation Chaos" plus other sources Hillary's team should investigate for documentation.
      Leon Keyserling, President Truman's Chief Economic Advisor, did the best job in history of controlling our economy during the worst inflation pressure in our history. After reading my book, THE RAPED PAYCHECK, Leon said in writing to me that my economic ideas were better than his economic ideas and requested permission to use my ideas in his economic advisory work. That statement by Leon Keyserling makes me a super expert political economist.
      Please get this information to Hillary and lets make her our next president. The above recommendations would work like magic and put Obama far behind without saying one more word about his lack of qualifications. These are the type things missing in Hillary's statements and actions. If she wins using her current methods, it will be a miracle.