Obama has come out with his new foreclosure plan today and you can read more about it here. It seems that whatever he does doesn't work and there is no reason to believe this will be any different.
Until the economy is turned around (and he certainly is not doing it), how is this problem really going to be solved? No amount of government help is going to dig these people out of the housing nightmare they find themselves in.
Many of these more than 15 million homeowners that can't afford their mortgages don't have jobs or have no way to continue to pay their monthly minimum. The price of their homes has plummeted and now they owe more on their homes than they are worth.
We need jobs (and lots of them) and to get the economy going again so that people are willing to start spending. Until home prices start to go up and people start to get good jobs again, no Obama forclosure plan or Obama stimulus grants are going to do the trick. These things that Obama proposes are only temporary band aids and they don't solve the problem.
We have seen and it looks like we will continue to see Obama throw more and more money at every problem he faces. How long can this continue to go on? Until we are all bankrupt and China or Japan owns every industry in our country?
The new Obama home forclosure plan is more of the same old stuff that never addresses the real problem. Just like their new health care plan that doesn't address anything that really needs fixing like tort reform to prevent doctors from always getting sued.
Showing posts with label obama stimulus rebate. Show all posts
Showing posts with label obama stimulus rebate. Show all posts
EMAIL SCAMS FOR OBAMA GOVERNMENT GRANTS
This is a problem that is not as prevalent as it was 6 months ago but it is still around. The Obama government grants scammers had to be addressed by the FTC and they forbid the use of the Presidents picture or likeness in association with any federal grants advertisements.
Most of these ads have been removed but there are still grant companies that are trying to fool people and they can be doing it through email. I have gotten several of these stimulus grants emails trying to convince me that grant money was waiting for me and all I had to do was click through and sign up.
As previously mentioned, government grants are free and you shouldn't have pay money to apply for them. However, since grants are confusing and the application process can be tedious, many companies are there to "help" you get your grant. You are usually prompted to sign up for a "free" grant kit that costs $1.95 for shipping or some other small amount that seems reasonable. Sometimes there may not be a kit involved and you have to pay a small fee to get into the membership site to look around.
The scam or dishonesty comes in because after you give your credit card, you will be charged additional fees of $49.95, $79.95 or higher after the short 3 day or 7 day trial period is over. This information can never be found in a visible place but is only found after clicking a very small "terms & conditions" link which takes you to another page with a lot of legal mumbo jumbo.
Most people never click the terms and conditions link and have no idea that they are giving their credit card which can be charged a much higher amount several days later. This is exactly what the grant companies are counting on: that 9 out of 10 people will forget to cancel and then they can charge them the bigger charges.
Is this technically a scam? Because the information is there, these goverment grant advertisements are probably legal but they are very shady for sure. You can now find these ads in emails that are regularly sent to millions of people. Out of those millions, you know that hundreds of financially desperate people are being fooled into signing up. So, beware what you click on in your email and be careful when you give your credit card information out. Even though you think you are signing up for just a $1.95 shipping charge, the fine print may tell you that you are authorizing much bigger charges down the line!
Most of these ads have been removed but there are still grant companies that are trying to fool people and they can be doing it through email. I have gotten several of these stimulus grants emails trying to convince me that grant money was waiting for me and all I had to do was click through and sign up.
As previously mentioned, government grants are free and you shouldn't have pay money to apply for them. However, since grants are confusing and the application process can be tedious, many companies are there to "help" you get your grant. You are usually prompted to sign up for a "free" grant kit that costs $1.95 for shipping or some other small amount that seems reasonable. Sometimes there may not be a kit involved and you have to pay a small fee to get into the membership site to look around.
The scam or dishonesty comes in because after you give your credit card, you will be charged additional fees of $49.95, $79.95 or higher after the short 3 day or 7 day trial period is over. This information can never be found in a visible place but is only found after clicking a very small "terms & conditions" link which takes you to another page with a lot of legal mumbo jumbo.
Most people never click the terms and conditions link and have no idea that they are giving their credit card which can be charged a much higher amount several days later. This is exactly what the grant companies are counting on: that 9 out of 10 people will forget to cancel and then they can charge them the bigger charges.
Is this technically a scam? Because the information is there, these goverment grant advertisements are probably legal but they are very shady for sure. You can now find these ads in emails that are regularly sent to millions of people. Out of those millions, you know that hundreds of financially desperate people are being fooled into signing up. So, beware what you click on in your email and be careful when you give your credit card information out. Even though you think you are signing up for just a $1.95 shipping charge, the fine print may tell you that you are authorizing much bigger charges down the line!
WILL THERE BE A 2010 STIMULUS REBATE FROM OBAMA?
If you are looking to get a 2010 stimulus rebate or check from President Obama and the government, you should know that it is unlikely that you will get one. Everyone still remembers the stimulus check they got from Bush and wonders why they aren't getting one from Obama.
The Obama stimulus act was huge (787 billion dollars) but none of that was put aside for checks to be sent to people. Bush sent out checks to get people to spend money and get the economy going. He could do that because unemployment was still reasonably low, especially compared with today.
In 2010, there will still be 10% unemployment and companies are not hiring. There is a job crisis in this country and Obama is sending all the stimulus rebate grants and money to businesses, state governments, and local governments.
There will be no checks going out in the mail to people and instead there will be some tax credits they can take advantage of. These tax credits are not much consolation though to people who need money and need it now. If you are one of those saying "I need a job now" or "I need money now", the tax breaks aren't going to help you put food on the table.
2010 stimulus rebate checks may not be in the mail next year so it is time to buckle your belt and stretch the dollars you do have. Get out and keep looking for a job if you don't have one because Obama and his administration have their own problems they are trying to figure out how to solve.
The Obama stimulus act was huge (787 billion dollars) but none of that was put aside for checks to be sent to people. Bush sent out checks to get people to spend money and get the economy going. He could do that because unemployment was still reasonably low, especially compared with today.
In 2010, there will still be 10% unemployment and companies are not hiring. There is a job crisis in this country and Obama is sending all the stimulus rebate grants and money to businesses, state governments, and local governments.
There will be no checks going out in the mail to people and instead there will be some tax credits they can take advantage of. These tax credits are not much consolation though to people who need money and need it now. If you are one of those saying "I need a job now" or "I need money now", the tax breaks aren't going to help you put food on the table.
2010 stimulus rebate checks may not be in the mail next year so it is time to buckle your belt and stretch the dollars you do have. Get out and keep looking for a job if you don't have one because Obama and his administration have their own problems they are trying to figure out how to solve.
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