Offer streamline loans (reduced doc) to the 91% that pay on time and the other 9% that are behind must fully qualify.  That allows more disposable income for consumerism, which is 67% of our GDP. There is nothing to be afraid of, if the owners are upside down, let the foreclosures happen. In California in the 1990s, we had the worst real estate market since the depression and the free market took care of it then, and will take care of it now. In the 1990s S & L crisis, 2000 banks failed and new healthy ones took their place. That's what should be happening now. Instead, the banking system is shrinking to a few big bloated nonperformers who can't even handle a garden hose. 

 TEA PARTY – APRIL 15, 2009 – FLY THE AMERICAN FLAG UPSIDE DOWN

Dear American Taxpayer;

On September 17, 1796; in his farewell speech to Congress, our founding father, President George Washington, warned that party politics would ruin our country.

On April 15, 2009; I am asking all Americans to fly the American flag upside down as a protest to the partisan politics, wasteful government spending, and the tax increases that will cripple our economy, bankrupt our people, and jeopardize the solvency and security of our great nation.

Our elected officials are asking the American people to be responsible citizens as well as consumers and live within our means. By our action, we the people; are asking our elected officials to do the same. The politicians don’t seem to care about the burden they are placing on us, our parents, our grandparents, our children, our grandchildren, our great grandchildren, and the unborn. 

The politicians have divided us and they have conquered us. Whether you are a Republican, a Democrat, a Libertarian or an independent, we all need to come together as Americans. It doesn’t matter if you are rich or poor; the government’s actions will impact your standard of living and shape your future. This simple action is a sign of American solidarity. We need to take our country back from special interest, earmarks, pork and partisan politics. Let us give the power back to ‘we the people’.

This action is not sponsored by any political organization. This is a grass roots effort which began by myself, a lone ‘no party’ American. Change happens with the actions of the individual and you can make a difference.   

For the States that are bankrupt, I also urge the people of those States to fly your State flag upside down.

Please consider this request and forward this request to all concerned Americans.

Together, we the people can make our great country, great again. 

All the best to you, your family, and the United States of America.

Respectfully Requested,

John R. Aube’

 Calling People Out

Both President Obama and his Press Secretary Gibbs are making mistakes by calling out the media. President Obama calls out Rush and Sean and now Gibbs thinks he can take on Santelli and Cramer. Santelli knows more about the financial world than Gibbs will ever know. Yet, Gibbs is dumb enough to call Santelli out.  The administration would have been better off to let the Santelli rant die down naturally. Instead Gibb's reply allows Santelli to keep his rant going. Gibbs showed up to a gun fight with a water pistol full of knowledge. The Obama camp had nothing to gain with the Gibbs rebuttal. 

Calling people out is a statement by the Obama administration. The statement is that if you don’t agree with us, you should be silenced.   Isn’t that what happens in Russia and China. Doesn’t anyone remember Nazi Germany?  I guess Obama forgot that 47 million people didn’t vote for him. Next, is he going to call out 47 million people?

In his farewell address to Congress, George Washington said that party politics would ruin our nation. Both the DEMS and the GOP practice partisan politics while they bankrupt our great nation with frivolous spending. The citizens of the U.S. are tired of having their futures taxed. It is time for a 21st century Tea Party. Give the power back to the people. Let's take our great nation back. Stop partisan politics by rejecting your party affiliation. If we became a 'no party' nation, politicians couldn't promote class warfare. Let's get rid of the circus and the circus animals. No more donkeys! No more elephants! We, the people, want our country back. The only control we, the people have; is our vote. The vote is the power that power that trumps the agenda of the circus. Tell the circus animals to leave town. Let’s rebuild our great nation with a silent revolution. The revolution only requires a simple voter registration filing to ‘no party’. No war. No lives lost. Just a simple, silent, revolution that says, we the people; are mad as hell, and we aren’t going to take it anymore! We, the people, have a Tea Party to go to. It is tea time in America! 

Tears In The Tea

It is called a crisis from excess. It is a crisis born from irresponsible credit expansion and irresponsible spending which fueled unsustainable consumerism and an economic bubble. Trillions of wealth has been destroyed around the world. Trillions lost in bad loans. Trillions lost in the world stock markets. Trillions lost in retirement accounts. Trillions lost in real estate values. And now that the bubble has burst, we are left with a bankrupt economy.

The government has doled out trillions of taxpayer dollars in several stimulus packages. Uncle Sam has spent billions investing in banks, investment firms, insurance companies, the GSEs and the car companies. The government spent half a trillion dollars for a penny stock return. 

Is Change Here? 

We just passed a 787 billion dollar program to ‘save’ or ‘create’ jobs. How do you measure a ‘saved’ job? And now there is a 400+ billion dollar health care bill on the table. How is spending more money going to get us out of a crisis created by irresponsible spending? Does Obama pork have a better favor than Bush pork?

The taxpayers have the burden of debt servicing the government’s actions, and we Americans have already lost our equity in our homes, our retirement accounts, our stock portfolios, and now we are losing our jobs. Many Americans have lost all their wealth. Does the President understand that the government has ‘maxed out’ their American taxpayer credit card? Doesn’t he realize that there are Tea Parties are beginning around the country?

Is the President out of touch with the average American? The President has set the ‘magic line in the sand’ for defining a rich American at $250,000. Is the President introducing class warfare? Does the President understand a $250,000 gross correlates to a $155,000 net?  Does the President understand the cost of a mortgage, insurance, taxes, transportation, health care, education and food for the average American family? 

Many say that we are a product of our upbringing. Is the President comparing the American standard of living with that of Kenya? Does the President’s life experience correlate to the needs of the average American family?  Is the Kenyan standard of living, the new “middle class” standard for America? 

Does the President understand that we are in bankruptcy? Is he trying to move us from reorganization to full blown liquidation? 

We have nothing left to give you Mr. President.  We lost our wealth. We lost our homes, our jobs and our retirement accounts. All we have left is spent blood, sweat and a lot of tears.

However, Mr. President, we do have one thing we that can give you, would you like a cup of tea?

Best Regards to all my fellow American taxpayers and their families.

John R. Aube’