Obama dont like black folk: Mortgage Relief Program Just a Ploy to Pump Money Into Wall Street

When the Obama administration took office, they also inherited the economic troubles worsened by the Bush years and the prior presidents from Bill Clinton to Ronald Regan. Obama's approach was twofold. First was to continue the TARP program that Bush started at the end of his tenure and to try to curtail the massive number of foreclosures across the country. However, it has now been revealed that his only goal was to prop up banks through the use of both.

New reports have documented that the Obama administration's mortgage relief program isn't working. This is to say it is not helping assist homeowners facing foreclosure. Instead it is taking money from struggling homeowners and channeling it to banks. The program, which many purport is poorly designed and executed, has only aided a small proportion of individuals actually seeking and needing assistance.

In theory, the program was supposed to lower monthly payments for borrowers. However, it doesn't even reduce the overall debt burden that many homeowners facing foreclosure experience. Now it has been discovered that top treasury officials admit that the mortgage plan was actually designed to pump money into banks in an effort to protect them from future losses and bad debt — in essence another program implemented in the interest of Wall Street over Main Street.

Timothy Geithner, who wanted banks to make money in an effort to stabilize the economy, has used the mortgage relief program to enrich bankers riding on the backs of troubled homeowners when the focus should be to assist struggling individuals who are trying to keep their homes.

The Home Affordability Modification Program (HAMP) allows homeowners to ask their loan holders for relief on monthly mortgage payments via reduced monthly payments or lowered interest rates, for example. This is a win-win for banks because it keeps monthly payments coming. However, it actually gives homeowners the shaft because the banks do not lower how much individuals pay, thus individuals end up paying more for their homes than they are actually worth on the market.

Although Obama's economic team continues to repeat the mantra "the economy is continuing to recover," the fact remains that in terms of the aforementioned and economic indicators I read, that is not the case. If Obama is genuine about helping troubled homeowners, then his efforts should target having an individuals debt burden from their mortgages reduced. Banks will take a loss, but massive foreclosures will be averted. This is not a recovery and if the advice of folks like Geithner and Larry Summers is what Obama is using, then we will be up the creek for a long time to come. In all simplicity, we need around 2.5 percent growth just to keep unemployment from rising and until we are honest and admit this is not a recovery, things will only get worse before they improve.

Black folks need to wise up and increase their understanding of economics and look at policy as policy, regardless of who it comes from, even if it is a black president. If we don't, then Kanye West may be saying, "Barack Obama don't like black people."

idiot idolatry

I have come to concede that it is not the H1N1 or HIV that is the scourge of American culture, but rather ignorance. And not any ignorance, but the blinded kind that is accentuated by our inundation with celebrity. And I’m not gonna hat, for the simple reason although I don’t understand why someone would want to watch a person get a moon man over the first day of NFL football, I do accept that accidents happen.

It is just strange to me that folk all up in arms when someone they see on TV or a movie screen die than they are the economy, something that actually impacts me, or stick up for a person with no home training as the obvious case with Joe Wilson or Kanye West and not even talk or assert caring about how Wall Street Corporate CEOS aint been indicted or held accountable for getting us in this economic quandary. And yea, you can quote me, “I don’t give a fuck about Bich azz Kanye West “ and I think any person who would support is 4^th grade behavior is a feculent groupie or fool and likely look at TV more than they read. I tell you this, if he took the mic from my son or daughter, he would have his teeth kicked down his throat again.

I say this just to use my professional expertise to assert that we have become a nation of idiots as a result of our incessant Idolatry. We have lost our way, we move from Martin King Jr. to getting a black man in the office of the Presidency, to just being happy that he is there and feeling that we do not need to struggle anymore as if we have succeeded. We have not and some folks inability to care is worse than the actually commitment of the crime for more times than not, they will be the first to complain without being informed. Such saddens me. To me Hank Greenberg needs to be under the jail and even worse that folk wont know who he is but know about dirty dance dude who died, how many songs on Jay – Z new album and Kayne West bich azz antic on a movie awards show.

So Yawl can say what yawl want about me. I don’t know or care about none of these folks don’t know like or as if I know them. In fact the only celebrities I know are my kids and my family. If yawl were about anything you would be talking about the ones you love more than these other folk even Michael Jackson. That is just really real from folk here jones.

When her idol is Superhead

I wanted to put together a list of things for us men to think about with regards to women. So for the sake of brevity, I have outlined a top ten list. Women, don’t worry, I’m gonna do one on us men this weekend.


10] The clubs and being in the VIP section is more important than spending time with and taking care of your family.

9] She looks at video’s all day and dreams of being in video’s herself

8] When she has money, it is more important to get her nails done and buy chronic than to put gas in her tank or pay her phone bill

7] She says she is saving having sex until marriage but talks about selling her body for money

6] She only takes and never offers and complains and is ungrateful and appreciative of anything one does for her

5] Her ringer on her phone is Kanye’s West “Gold Digger”

4] She thinks it is best and easier to rent her self to men than to have a job
and anybody with some money or who is balling can get them guts

3] You meet her when she is out of town with a married man.

2] She thinks, but is not sure, who the father of her baby is

1] When she looks up to and says Super Head is her idol



If there are any I forgot, please feel free to let me know.