Federal Mortgage Guarantees

I would prefer that in the future the United States Government guarantee home loans only if they meet select quality criteria. Homes should cost no more than four times the average annual American income. Homes should be on lots that have 900% more natural area that housing shelter. Homes should be given preference in loan repayment rates that have no net loss of biota, in which exterior surfaces are covered ecologically. Homes should be required to produces electricity through wind, solar and or hydrogen fuel cells in areas where that is practical. All homes qualifying for federal loan guarantees must have contractors that were certified as employing only U.S. citizens in the construction.

Why should the Federal Government bail out crooked banks by nationalizing them and dumping toxic debt on the public? Thomas Jefferson would have been so such a course of action as an anti-federalist-neither would he have sought substantially national economic reform with the help of China.


The federal government should bail out only those with less than 150 thousand dollars in mortgage debt-it is a silly policy for working Americans to fund what are in essence spoiled lifestyles of people that require large big box homes that cost $250,000 and up. Borrowing money from world investors to prop up the decadent U.S. lifestyle with greed determining what size of home one needs, what kind of fuel inefficient vehicle what purchases from foreign importers and how a zero personal savings policy is good, government because it accelerates the velocity of money are bound to reach a bad end for U.S. national security. The United States has taken up a policy following the end of the cold war of support for trans-national corporations making of American real property a liquid value that can be bought and traded en mass by global investors.

Americans are simply corrupt and spoiled-that is the reason for the present financial crisis. They refused to defend the borders adequately against illegal alien immigration in order to allow cheap labor to build houses that were too large. American workers could be unemployed while illegals were fully employed. The wages of labor in the U.S.A. plummeted as over production through illegal, cheap workers stuffed the profits of the non-working class financial sector of crooks. A national magazine recently published a rogues gallery of some twenty or so of these guys that exemplify the corruption of American business and political policy the past 16 years. Americans must develop a non-spoiled, rational steady state economic structure if it isn't to become owned by foreign powers.

OPEC in Saudi Arabia has said recently that too quick of a transition to alternative fuels in the United States would create global issues of a deleterious nature. Saudi Arabia and OPEC and collapsed the price of oil in order to undermine national efforts in the United States to create an independent alternative energy posture. Saudi Arabia as the citadel of Mohammedanism seeks a hegemony over the worlds spiritually through the coercive power of global dependence upon the inefficient and polluting fossil fuel cycle. The U.S. administration has walked blind in to the course of the axis of evil oil producers and internal combustion engine manufacturing with its recently received stimulus policy of some 785 billion dollars. While the home mortgage crisis at the level of lenders may receive some relief through taxpayer assumption of their debt and interest payments so that double interest can be paid by homeowners to the bank lenders as well as the taxpayers, the administration has failed to comprehend that Americans just need to have a rational approach to economic development and let the global fast buck arbitragers, hedge fund specialists and money market managers take a licking and keep on ticking if they can, with their own economic accountability for bad lending practices.

The Obama administration is once again under the influence of Clinton's economic Rasputin Lawrence Summers-virtually no rational national home mortgage economic policy can arise under that aegis which seeks to expand housing unit size and prices to the largest possible size. The administration should find economic ideas from Robert Schiller, Lester Thurow and Herman Dailey. http://www.amazon.com/Ecological-Economics-Sustainable-Development-Selected/dp/1847209882 http://www.mott.org/publications/Mott%20Mosaic/April%202007%20v6n1/retrospect%20April%202007.aspx http://www.theoildrum.com/tag/ecological_economicss

President Obama said when running for office that common sense in economic priorities needed to be applied, yet in his first major bill with victory he has forgone the quest for a sustainable economic policy in favor of support for the usual fiscal perfidy that has made the financial related services sector a full 25% of the U.S. national economy. A nation that fundamentally skims from Chinese production and illegal migrant labor instead of sustaining new technological production that would fit in with a steady state economy wherein only quality rather than quantity improves demographically and materially is set on a path for boom and bust that continues to raise the notch of diminished renewable resources higher. It is an unrealistic course that serves those M.B.A.'s and managers unscrupulously enough to have no care about anything besides their personal profit. Martin Buber said that a lie is treason unto oneself; the economic lies about that devalue of non-sustainable development, with mortgages of vast size that can be paid solely while the occupants have a huge, unrealistic salary based upon inflated global based financial services,are economic treason to the nation.

After the Union act of 1800 that forced Ireland into political union with Britain the Irish became poor and were forced off the land. More than a million moved to England following the potato famine and many went to the United States. Life in England was mean; nasty brutish and short for the Irish in England. IT was only after decades of striving to improve their legal standing that they found they could stop paying rent and receive grants for their housing that would let them save money. While American pay large rents to globalists they cannot save money, instead they make transfer payments to trans-national corporation and destroy the posterity of the nation leaving a legacy of servitude to the corporatist trans-national elites that decree what their economic policy should be.

The United States does require an intelligent, sober Congress and Senate rather than one enthralled to the silky comforts of wealthy. The people of the United States should reform basic federal economic policy such that homes with high energy efficiency ratings receive priority in funding support, and homes that have the capability of producing their own electrical energy have a higher place in federal support than homes that purchase electricity from a trans-nationally owned corporate grid.

U.S. homes should have a minimum insulation r value of 100 for mortgage lending. Homes should be made of concrete and last 300 years between exterior recoating.

The social security administration should restrict payments to those earning less than the average worker annual income. Twenty-five thousand dollars is a lot of money for those not working. A nation that has current accounts pay non-working Americans more than working Americans cannot have a rational economic policy.

The new tax elements of the stimulus plan did nothing for those self-employed that must pay 10% tax. for the working, self-employed poor earning less than 12,000 annually their should be a tax moratorium for credit in the first term of the Obama administration to relieve the poor from a variety of tax issues that impede improvisational work opportunities.

Medicare policy should cover only those earning less than $24,000 annually. The federal government should assure that all the poor can receive free medical service by paying the mal-practice insurance of physicians that register in a free treatment for the poor screening service. Physicians that provide free coverage to 40% of their patients would receive free federal mal-practice insurance. A worker's compensation like medical screening and referral service should screen patients and physicians.

The U.S. Mexican border area of a 3 mile depth should become a U.S. Army and Marine base where troops could be stationed to defend their classified base activities.

The Congress should pass a bill enabling states to arrest illegal immigrants and send them to federal penal facilities. When the federal government is manifestly incapable of fulfilling its legal obligations rationally the states must defend themselves. The federal government has allowed more than one million Mexican illegals to cross the border each of the last 20 years-that is a manifestly incompetent performance by the U.S. Government. It is because of the cyclically corrupt U.S. housing industry policy that the Clinton and Bush administration pursued that illegal alien construction and service workers were drafted to blimp the housing industry.