Economic Crisis In America

The Economic Housing Crisis
Trina L.C. Sonnenberg

It's in the news. We've all seen it on television and in the papers. It is the subject of the day, rivaling the presidential election for top coverage. It seems that the haves are intent on blaming the have-nots for the problem, and that is completely unfair.

Finger pointing at those who have failing mortgages, claiming that they bought houses bigger than their pocket books could allow, is totally unfair. The finger should be pointed at the predatory lenders who earn commissions on home loans, and their employers who pushed them into getting the signatures on the dotted lines; and let us not forget the government.

Not everyone who has a failing mortgage bought bigger than their means.

Case in point: When my husband and I bought our house, and even after we refinanced it to tap into its equity, we could afford the mortgage. When we decided to buy another house and remodel it to accommodate our change in household size, we could afford it. (We did like many home owners do... we bought a second house with the intent of selling the first one, once the second one was finished.)

We could afford our mortgages. We were both working and earning enough to make it. However, we can no longer afford our housing costs because of lack of work. That is a factor that no one seems to talk about. How many Americans who are facing foreclosure are in this position because of unemployment? My guess is that there are many, but you don't hear about them, just those who got caught by predatory lenders. Blame the poor people is the cry. Shame on them for buying more than they could afford.

How many people are currently unemployed in America; a million? Why are there so many unemployed? Could it be that corporate America sent their jobs overseas to increase their own profits? Could it be that illegal immigrants have taken jobs from Americans? And why aren't people talking about these factors? Could it be that the haves do not want to admit that they've created the situation for the have-nots, causing there to be more have-nots than in times past?

In my situation, my husband is a building contractor; self-employed. When the housing market took a dump, he became unemployed. Those who once had the money, or access to it, now won't risk spending it, or have lost access to it. Now we are one of the many looking at losing what we've got; what we once could afford.

What would the economy look like if every able bodied American had a job, that paid a liveable wage? Would people be losing their homes? Imagine a world where Americans were making products to be exported, rather than spending what little money they have on products made for American companies, by slave laborers overseas. Would Americans be losing their homes? America used to be an exporter of goods, but we've become one of the largest importers of foreign goods. Now we export jobs.

If the government would do something about the outsourcing of American jobs, and the illegal immigration problem, Americans would have jobs to pay their bills. It is a travesty to say that illegals do the jobs Americans won't do. What a crock! That is just a lie being told to Americans, so that we will feel better about the inaction of government to regulate corporations; a lie told to increase profits for the haves, and perpetuated by government officials who have a vested interest in corporate profits. I for one, would take a factory job if it were offered to me. I'd take a job doing just about anything (legal) if it were offered to me.

So let's place the blame where it belongs. Place it on a government that allows corporations to send jobs across the sea, and refuses to secure our borders from illegal immigration. Predatory lenders are responsible too, but again, the government deregulated their industry, paving the way for them to practice predatory lending in the first place.

Bring American jobs back home, and secure our borders to keep Americans at work and reduce crime. Deport illegals and do not let them return. We do not need more criminals in this country; every person who enters this country illegally is a criminal. We need jobs! If the government wants to help Main Street, then they need to invest in Main Street, not Wall Street. It is said that Americans represent the best work force in the world. So, give us work! Why are you sending it elsewhere?

Copyright © 2008
The Trii-Zine Ezine
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About the Author:
Trina L.C. Sonnenberg
Publisher - The Trii-Zine Ezine - Your Trusted Source for Internet Business and Marketing Information. EST 2001. ISSN# 1555-2276


Author of: My Journey A Lifetime of Verse, ISBN: 978-0-61516405-2
Co-Owner: Internet Marketing Mavens
http://internetmarketing-mavens.com
Keywords: housing crisis, economy, government, jobs