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Government Mortgage Bailout Plan Will Not Help Economy

For the past few days, I’ve been really thinking about whether or not the government bailout of $700 billion dollars would really help to stimulate the economy. Right now, while we are in the middle of a presidential election, both candidates are shouting from the rooftops that they have the answer to our economic crisis.

They have their own proposals or plans concerning the government mortgage bailout and what they would do to bring a little comfort to this situation. But in my opinion, both plans would not be able to bring comfort or stability to the poor economical situation that we are in. This is why I honestly believe that we need to focus on ourselves and determine ways for us to free ourselves from the major hits that may occur in this recession economy. We need to secure our own financial future and what better time to do it then now.

It is “Time Out!” for us to continue putting our future in the government’s hands. The government will just continue taking more and more money from our pocket. Knowing this, we must make the resolve to consistently add more and more income to our bank accounts. This mortgage bailout will just rape us of more money during the next few years.

Let me explain why.

On Wednesday, McCain made a new pitch where he is pushing for the government to pay $300 billion in order to buy distressed mortgages from the banks. This plan is suppose to reduce the mortgage loan, thus causing these homeowners or mortgage borrowers to keep their homes.

The problem with this plan is that most of these loans are sliced and diced into complex mortgage securities that are held by different investors all over the world, thus making this bailout plan hard to initiate. There is not one single investor, but there are dozens and even hundreds of investors for every single loan out there. So it will really take some time to do this.

Also, the plan is a complete and total bailout for those who were primarily responsible for this subprime mortgage crises. As a matter of fact, it rewards them! To make matters worse, we, the taxpayers lose out on more money. Doesn’t this sound so odd and strange? Those responsible get off scott free while our paychecks are penalized?

This is why I firmly believe that we need to stop putting our trust in the government to make good decisions for our nation and begin to take our own life in our hands. No entity has a clear solution to the chaotic and turbulent situation that we are in. This is why we need to take some action and build financial security for ourselves. We need to look into alternate forms of generating income so that we can create a safe haven for ourselves and our family.

I refuse to give the government too much control over my life! Whatever happens in this economy within the next few years, won’t drastically hurt me because of where I am today, and where I will be 2 to 3 years from now…more wealthier and more happier.

I already mapped out a strategic plan for securing my financial future and you can read about it in a new report called the Rat Race Annihilation. In that report, I was vigorously interviewed by the author to determine a way for us all to make some great income starting now.

I was really hesitant on revealing all of my secret wealth building information. But due to where our economy is right now, I felt compelled to share as much valuable information as I can to help anyone escape the rat race and secure financial security by the beginning of next year.

So take my word of advice, start working for yourself for now on!

[tags]mortgage bailout, economic times, make money, making money online, financial freedom, financial future, mortgage backed securities, government, rat race[/tags]