President Obama Applies For Hope Now!
Okay – so not really. But seriously think about it. Here’s what it would look like. President Obama is sitting at the kitchen table at the White House, yes, the White House in Washington DC; this is, after all, his personal residence. He looks at his finances and immediately determines that he has to do something and soon. There is no way he can afford to continue paying his current mortgage and interest on his home, the White House.
So, he tries to call a mortgage broker, but this proves to be difficult as he can’t find a mortgage broker still in business. The president then decides to call his bank – the bank of China. He tells them that he needs to refinance his mortgage.
The bank says, “No problem Mr. President, your account is in good standing with us.”
The bank then orders an appraisal and comes to find out that the president’s primary residence, the White House, is now not worth what it was, in fact the White House has dropped in value by more than 30%, making the president’s current mortgage more than the value of the home. Join the crowd, I say.
The president then has to decide what to do and to make things worse he just realized that he had an adjustable rate mortgage with a pay option ARM and the mortgage is set to adjust in the next few months. No way will he be able to afford the new payment. So, he calls the bank again and asks for help.
The bank says, “Sorry Mr. President, there’s nothing we can do for you. I would suggest that you call and apply for the HOPE NOW program.”
But WAIT, the representative at the bank says, “I’m sorry Mr. President but you don’t qualify, you are current on your mortgage.”
The president then says, “Yes I know, I also have perfect credit.”
The bank representative replies, “Well, I am sorry there is nothing I can do for you, if you are 60 days late then we can give you a four percent fixed rate for 30 years, as well as lower your mortgage amount to 85% of the current value. But right now you are current on your mortgage. When will you be making your next payment?”
The president, now frustrated as every other American that owns a home today is, says, “You have to be kidding me, the only way to get help is to stop paying my mortgage so that I can qualify for help. That doesn’t make any sense! If I am going to be late then you can have this old White House, I don’t want it anymore…it’s just not worth it. I can do a deed in lieu of foreclosure and walk away. The Bank of China can foreclose and sell it to someone for 30 cents on the dollar while I am going to go buy the new White House next door for 30 cents on the dollar and start over. So, what if I have a ding on my credit, it’s a onetime issue and I can be done with it!”
This is only a parable, but in reality the majority of American home owners are facing this exact same situation. Why should I be a financially responsible home owner and pay my mortgage on time only so that my neighbor can stop paying on his/her home, live in it for the next year or so rent free and then walk away from it, only to have the bank take it back and sell it for 30 cents on the dollar? Or my neighbor just stops paying for 2 months and then applies for the HOPE NOW program, only to get a new re-forecasted mortgage for 85% of the current value, fixed for 30 years at four percent? This makes absolutely no sense. You can forget about any stimulus plans because if you don’t solve this problem quickly then the majority of home owners are going to just walk away from their home loans. This must be solved first. You solve this problem and you instantly put money in the pockets of American consumers. The consumer sentiment goes up and the economy gets real stimulus.
To examine this plan in greater detail, I invite you to read my blog at www.jamesdicksblog.com entitled I Need a Job – Not Stimulus. I have laid out a comprehensive plan on how we can get money flowing to consumers, as well as from consumers to business. All we have to do is do it. Like I always say, “If you always do what you have always done then you always get what you have always gotten.”
Happy Investing -
James Dicks
www.whoisJamesDicks.com -For more than a decade, James Dicks has been one of the nation’s leading educators on the subject of Real Estate, Stocks, Options, the Foreign Exchange Market and empowering investors to handle their own investments. James is living his dream by helping investors and businesses overcome the hurdles of reaching their financial goals. Millions of people have heard James’ message of diversification, money management and financial freedom and thousands have attended one of his many free workshops. Increasing investment knowledge is James’ goal and he strives to reach this goal by using a common sense approach that investors of all types can utilize on their road to financial freedom.
The Revelation Revelation
Now here we have the problem. What was it? I know it was interesting. I know it was a God type moment. I’m even sure the Holy Spirit was right there with me. I’m sure if I could remember the scripture I was reading I would be able to tell you the revelation but due to the lack of memory, probably due to my ever but slowly increasing age I have forgotten it.
I wonder how many revelations have been lost. I wonder what would have happened if Dakes had never put down a single note. What if Martin-Lloyd Jones never put pen to paper? What if Willmington never wrote a word. Let’s take it a little further. What if Paul didn’t put pen to parchment or Timothy never told a soul?
Revelation is meant to be shared. It is divine inspiration from God and is rarely meant for just you and me. So how should we do it?
The plan for sharing
Firstly, always have some form of recording medium where you get the revelations. If it’s in the toilet then keep a pen handy. There’s plenty of paper there. If it’s in bed at 3am then keep a pad and pencil handy. If it’s driving, have a small recorder nearby at all times. My wife has often scribbled or done diagrams on serviettes to communicate or remember principles she thinks of over a coffee.
The steps.
I guess we have to start somewhere. I have been tossing this around in my head for some time and procrastination has been an enemy. We need direction and a strategy. For me its a strategy that is still forming as I go. I suspect it involves the following.
An increase in prayer both alone and with others of similar ilk. (My wife will clap, praise and almost scream at this one as so far our combined prayer life has been restricted to say the least. (I know it’s a male thing but that doesn’t make it acceptable!)
A greater amount of “word” time. I suspect this has to be with others of similar heart and not just reading alone but also talking, discussing and coming to a consensus around a table, over a cuppa, face to face and heart to heart.
Taking time to meditate and write for your own benefit. Then …
Passing revelation and experience on to others. Sharing it around at places such as Inherentchurch.com.
This plan is probably not perfect but a start has to be made. I need a change! It cannot be a formula but likewise doing nothing will leave us where we are today. Will you join me? Will you make an effort? Are you ready to take the Inherent Church to the place it was in Acts? Walking, talking Jesus breathing, full on for God, Inherent Christians. People with an inbuilt, inseparable love of Christ that they are desperate to share Him with others. Now that really sounds like fun.
Kenn Bacon is a Director of the Inherent Church and Apostles-today. Founders of a number of ministries including Crossworks and Church in the park, Kenn and Lee have been ministers for over 15 years.
More Revelation 2 6 Articles
President Obama’s Video Message Causes Questions?
I, as many other supporters watched a video of President Obama speaking directly to Americans about the need for immediate action on the economy.
As a supporter of President Obama, I of course got the same email message as others have at http://my.barackobama.com/recoveryvideo.
It was as expected but one simple statement by Obama caused me great concern!
Obama said: As soon as this plan is signed into law, recovery.gov goes live, and you’ll be able to see precisely where your tax dollars are going, because this is your democracy, and as I said throughout the campaign, change never begins from the top down. It begins from the bottom up.
Now I love the ideal of Obama’s transparency promise to post the used of funds, but what I would like to see on his planned web site is our leaders who currently support the project and why, along with leaders who do not support and why? As well as those who have added pet projects to get their vote!
To me transparency is upfront and now, not after the project is approved! Why can we not have all the facts now?
We have all seen in the last few years such a misuse of our money one has to ask, what is being covered up now?
Our government has handed out billions to banks in an effort to boost their bottom lines and yet top executives of the same banks got over billion in combined salaries and benefits! Now considering the staggering fact that the amounts given to executives would have covered the bailout cost of 46 percent of the banks that received out tax dollars!
Let’s not forget the bailout package of 2008 that was sold to America under the guise of helping homeowners do to the mortgage crises. We all know that the homeowners where left out and big corporate got the hand out such as wall street, auto makers, banks and investment companies.
Auto makers also got billion assist the carmakers in the production of more environmentally friendly vehicles!
The sad fact is this is not the only issue of our governments misuse of tax payers money!
What are your thoughts? Share them now before it’s to late with your government leaders and most importantly with President Obama by going to http://www.whitehouse.gov/contact/, by calling 202-456-1111 with your comments, by faxing your comments at 202-456-2461 or you can even send a letter to The White House at 1600 Pennsylvania Avenue NW, Washington, DC 20500.
Ozark Mike
Ozark Mike has been in the freelance industry for nearly two decades now and has enjoyed the freedom and income it has provided. Ozark Mike has freelanced in many area’s such as marketing, , mystery shopping, surveys, finance, writing, training, consulting, web design, graphics design and traditional art. He has taken his wisdom & knowledge by creating a web site just for the freelance community called Extra Money Solutions. Visit http://www.extramoneysolutions.com
