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Is there a solution to the mortgage foreclosure crisis?

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Results so far:

No
22% 65 votes Total: 293 votes
Yes
78% 228 votes

Like it or not, the unemployment rate within the United States of America is rising. The ever increasing balance of payments deficit is causing a decrease in the value of the U.S. dollar World-wide. Thousands of people within the United States of America are losing their jobs to Foreigners within Foreign Countries. Consumer debt continues to rise, together with a growing number who have or will lose their homes. As a matter of fact, some major retail businesses are also closing some of their stores or have filed for bankruptcy protection within the last four months.

Each and every above named economic problem must be solved before our Country and its people suffer the worst depression since the 1930s. During that time the Republican President Herbert Hoover and his Administration had control of the White House.

From an economic standpoint, all of the above problems are interrelated, in that one problem causes another problem, and so on. As a result, the root cause of our economic difficulties must be solved in order to improve those other above named economic problems.

You see, people need steady full time jobs that will allow them to stay happy, healthy and alive. Without such a job it is more than likely that you will become homeless, and the number of homeless people within the United States of America is also rising higher than a kite in a hurricane.

As more and more people use their savings, dozens of banks now have a short term cash shortage and they have to borrow from the Government. As a result of bank deregulation by the Republican President Reagan and his Administration, I wonder how many of those banks lost money, due to their investments in the World's financial markets.

Therefore, the root cause of our economic crisis is the lack of action by our do nothing for the majority of "We People of the United States of America," elected politicians within the Government of the United States of America. Many of those bank-rolled "Yes People" of the super rich seem only to support each and every owner and controller of each and every huge multinational corporation.

Each and every multinational corporation, since the 1950s, has closed facilities within the United States of America and taken away the jobs of millions of U.S. workers and gave those jobs to Foreigners in Foreign Countries. They now work in the factories or other facilities that those multinational corporations constructed in more than a dozen Foreign Countries to replace


Below are the top articles rated and ranked by Helium members on:

Is there a solution to the mortgage foreclosure crisis?

Yes
  • by Diana Howard

    The Mortgage Crisis can be solved, and we are making some progress, but much will depend on cooperation between the M...read more

  • 2 of 23

    by Joshua Zambrano

    The essence of what went wrong with the housing market can be seen in Alan Greenspan's recent concessions that a life...read more

No
  • 1 of 7

    by Elizabeth Wordsmith

    The mortgage foreclosure crisis is a complex problem involving many factors and affected by other current economic fa...read more

  • 2 of 7

    by Robert Taylor

    Near Trillion Dollar Government Bailout Plan Points up the Basic Contradiction of Capitalism: Greed This past weeken...read more

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