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Financial disaster is coming to America and the bailout is not going to help solve this- only make it worse- because the tremendous waste of government spending is not going to create enough high paying jobs. As a result- the average American family will still not be able to pay their monthly bills. Let me explain why using a generic example... Right now the average middle class family is paying - depending on the city- $350 a month in property taxes, $150 a month for car insurance, $150 a month for health insurance, $150 a month in state taxes, $200 a month for gas... The total comes to $1,000 a month. This estimate is conservative- because in liberal states like New York and California the property taxes would be close to $800 a month alone. And in some states vehicle tag fees can range anywhere from $200 a year to $1,000... Now - this does not take into account electricity, water, a car payment, food, cell phone.... Lets add those in.... food ($250), electricity and water ($200), car payment ($400), cell phone ($50).. now the total is $1,900.00 Please note that nowhere above is the word rent or mortgage or even things for your family- miscellaneous necessities- (tires, oil change, birthday presents, Christmas presents, school supplies.....) So lets add those in- mortgage/ rent ($1,200), clothes ($50), miscellaneous expenses ($50) ... Now the total comes to $3,200 and this does not include entertainment- or vacations... $3,200 multiplied by 12 months equals- $38,400. This is just to break even... without a vacation or entertainment costs... This is liberalism... tax hard working people in order to spend money not on just those on that are misfortunate- but using taxes to pay for overseas abortions, wasteful government programs and for those that just do not want to work hard... Please note that liberals are against drilling for oil in Alaska, they are for raising taxes, they are for state income taxes, raising federal income taxes - income redistribution.... they are not for the middle class! After paying for all the monthly expense above- the American family lived on credit. However- there is no more credit available. What caused all this- Read Part II. However- what is Barack Obama's solution to this? Obama wants to create jobs through shovel ready projects. Please note that this does not create businesses and these jobs are not paying $40,000 per year. These jobs are paying $25,000 per year. And what everyone is missing in this whole crises is two things. First- food stamps and shovel ready projects are an inefficient method for stimulus. Before the money gets into the economy- people have to process it. There are costs involved- you have to pay people to process it, there is rent for buildings for the people to work in to process it, there is paperwork.... By the time - the money gets into the economy it is about 20 cents on the dollar. However- a tax cut is dollar for dollar- it puts money right in the hands of people. Second- during the Great Depression- there were no credit checks. Today- to get a good job- a high paying job- you need to have good credit- but so many people have bad credit - because they have been let go from their jobs and are unable to pay their bills. As a result- Obama's plan will not solve the financial crises in America - only prolong it. Read Part three for the solution. Written by Thomas
George © 2009 http://www.the-manumitter.com/
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