From the Ordinary Citizen

To all of you out there who may read this...
I'm just another ordinary citizen of these United States.
I voted for President Regan and President Clinton.
I did not vote for either of the Bush presidencies.
I believe this election is a critical juncture for the future of our country.

If we look at the recent past you can see some similarities that have occurred between Republican administrations, just to mention one...
1.) During the Regan administration Savings and Loans failed all over the country.
2.) Now during the Bush administration banks and mortgage loan companies are failing.

In both cases the corporate organizations behind the failures were bailed out by the Federal Government. This was after the republican administration current at that time had gotten Congress to relax Federal regulations on S&Ls. When the S&Ls became unregulated they began making risky loans which eventually led to their failure. Yet the corporate managers responsible took to their multi-million dollar "Golden Parachutes" and left depositors holding the bag for the bad loans made. The Federal Government then used taxpayer money to bail out the S&Ls, while most of the managers responsible for the debacle got away wealthy at depositor and taxpayer expense. Only a very few were ever prosecuted.

Now we have a similar situation, banks and mortgage companies have been making "high risk" loans. Another republican administration has failed and watched it happen. This time loan failures are so extreme that Fannie Mae and Freddie Mac must also be bailed out before they fail, which has the potential to bring down the entire economy.

Now, I've received a letter, like I believe many of you have, from my mortgage company stating they are removing my home equity line of credit. They used a computer program called the AVM to determine the value of my home can no longer support my equity credit line. In my case it simply isn't true but I'm under the blanket they have thrown over everyone. In the letter it states that if I want my equity line reinstated I must to have one of their approved appraisers verify the value of my property at my expense, about $350.00.

When does it end?
The assault on the the middle class by republican administrations is terrifying.

What does make our economy run?
Tax-breaks given the wealthiest 1% intended for investing to make them wealthier?
Is it the middle class buying goods and services needed for their daily lives?

I know it is our middle class, destroy them and our economy will fail.

Let me propose a scenario. Take $1,000,000.00 give it to one wealthy individual and tell him aid the auto industry. He probably would go out and buy a very high-end Mercedes or a Lexus. Spread the same one million over 20 middle class individuals and tell them to do the same. They would most likely buy a Chevy or a Ford.

Simplistic yes, but I ask you, which use of one million is better for the United States of America?