You might find it rather odd that I would say that it’s Election Day in July... tomorrow.........
We normally think of that occurring in November... on the 2nd Tuesday. But this year its different...This year Election Day is tomorrow...7/20/10.
This is the day that the Senate is supposed to vote on the Unemployment extension bill...
There will be more eyes focused on the Senate in Our nation’s Capital... in Washington DC...than anywhere else in the country...Tomorrow the Senate is under the looking glass... exposed and vulnerable.
Tomorrow the Senators, who oppose this bill, might as well pack their bags and hit the road.... if this doesn’t pass, maybe not tomorrow, but as soon as their incumbent seat becomes available.
They will be gone...for their failure to have the guts... to face the fact... that they failed the American Worker....and callously...and stubbornly and ..with malice....blamed the American worker for its failure to prioritize the issues that have crippled our country and blamed it on lazy American workers..who are unemployed and desperately need these funds to survive and feed their family...it borders on treason.. in the name of fiscal accounting.....and... its entirely possible that the damage has already been done...
The Republican senators.. who acted as a bloc...to filibuster all attempts to come to a decent solution...mocked the American worker by their inaction....and yet they want to retake their powerful seats and drive this country forward...Are they kidding?
Tomorrow is truth or consequences.....
Truth...because they must recognize that people, the American people come first, not political party...and consequences... are that they will be removed from their esteemed place in the Senate...one by one.
They never conceived that they were playing with fire. That’s how arrogant they have become.....and now on the fortnight of history...they could salvage their situation...or they will get burnt beyond recognition...
I have hope that they have the clarity... to come to their collective senses and for once ...do the right thing and extend the benefits.... and possibly... finally...feel connected to the collective sigh of relief that will emanate from every town... in every city.... by every family... and by every person... who has been under the extreme pressures that comes from a lack of money in this crazy world we live in.....rayray
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Wow... Yes... Imagine the magnitude regarding residential real estate..Thankfully, there is the instrument of Short Sale which in 2011, has become more mainstream. Banks agree to take less than the note due on the property & sellers get to move on without Deficiency Judgement,just a hit on the credit repository ratings . There is also Mortgage Modification, Obama's push to keep people in their homes. It's scary to think that the commercial foreclosures haven't fully hit yet...Many 5 yr balloon loans are coming due end of 2011-2012..It will be interesting to see if these tools are utilized in the commercial real estate realm....Banks want 20% down on residential, conventional loans. For commercial, 50% down. Looks like the pendulum has swung....Sharon Mezei, Baltimore MD
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