• Tips gratefully accepted here. Thanks!:

  • Recent Comments

    riverdaughter on The Fool
    Propertius on The Fool
    Ivory Bill Woodpecke… on The Fool
    riverdaughter on The Fool
    Propertius on Once they’re in, you can’t vot…
    Propertius on Once they’re in, you can’t vot…
    Propertius on The Fool
    riverdaughter on Once they’re in, you can’t vot…
    riverdaughter on Once they’re in, you can’t vot…
    Propertius on “Pet Peeves”
    Ga6thDem on Once they’re in, you can’t vot…
    Propertius on Once they’re in, you can’t vot…
    Beata on Once they’re in, you can’t vot…
    Beata on “Pet Peeves”
    Beata on “Pet Peeves”
  • Categories


  • Tags

    abortion Add new tag Afghanistan Al Franken Anglachel Atrios bankers Barack Obama Bernie Sanders big pharma Bill Clinton cocktails Conflucians Say Dailykos Democratic Party Democrats Digby DNC Donald Trump Donna Brazile Economy Elizabeth Warren feminism Florida Fox News General Glenn Beck Glenn Greenwald Goldman Sachs health care Health Care Reform Hillary Clinton Howard Dean John Edwards John McCain Jon Corzine Karl Rove Matt Taibbi Media medicare Michelle Obama Michigan misogyny Mitt Romney Morning Edition Morning News Links Nancy Pelosi New Jersey news NO WE WON'T Obama Obamacare OccupyWallStreet occupy wall street Open thread Paul Krugman Politics Presidential Election 2008 PUMA racism Republicans research Sarah Palin sexism Single Payer snark Social Security Supreme Court Terry Gross Texas Tim Geithner unemployment Wall Street WikiLeaks women
  • Archives

  • History

    October 2022
    S M T W T F S
     1
    2345678
    9101112131415
    16171819202122
    23242526272829
    3031  
  • RSS Paul Krugman: Conscience of a Liberal

    • An error has occurred; the feed is probably down. Try again later.
  • The Confluence

    The Confluence

  • RSS Suburban Guerrilla

  • RSS Ian Welsh

    • Open Thread
      Use to discuss topics unrelated to recent posts. No Covid or Ukraine related discussion. Facebook Twitter WhatsApp LinkedIn
  • Top Posts

What About the Renters?

Oh no they dit-nt. This morning FOX News reported that another bank took the TARP handout and partied on us. Did we have fun yet? Reportedly, the bank had the appreciation event planned long ago, so in other words, how could they call the wedding off, despite that the in-laws didn’t have the money? They’d just borrow it from us. But it’s okay they say, because the party money came from the operating fund. Turns out the report came from TMZ, God save me.

A bank that received $1.6 billion in bailout money just spent a fortune last week in L.A. hosting a series of lavish parties and concerts with famous singers … and TMZ cameras caught it all.

Northern Trust, a Chicago-based bank, sponsored the Northern Trust Open at the Riviera Country Club in L.A. We’re told Northern Trust paid millions to sponsor the PGA event which ended Sunday, but what happened off the golf course is even more shocking.

I was raised in WLA and Santa Monica, CA, and I can tell ya The top places were booked for this junket: The Beverly Wilshire Hotel, Loew’s Santa Monica, The Ritz Carleton. Events included performances by Chicago for $100,000, rental of the Santa Monica Airport hanger for a dinner followed by a performance by Earth, Wind, and Fire. Plus chauffeuring everyone everywhere. Sigh. Oh, and I almost forgot, Sheryl Crowe did a concert at the House of Blues, which was rented for $50,000. Yay, we’re supporting the arts.

It seems to me that the fiddling at others’—OUR—expense while our country burns is a moral failure. What is going on?

Me. I’m personally in dire straits. It was about this time during the seventies that I went underground, moved to the country, and lived like a third world peasant. I actually know how to do that.

Subsequent to that and prior to this, I rented then owned a home and sold it while the market was still good, but turning the corner. I lived there for thirteen years as a single mom then empty nester—I owned it for eight years. It was a lot of work and responsibility to have the American dream.

When I started, I knew nothing about real estate, property, property taxes, loans, mortgages, refinancing, house maintenance and systems, nor the city and county systems that supported mine—but it was all on me, and I learned. I was well aware of what I was getting into, because I had to read it to sign and asked questions. I became aware of the fudging that was going on by the loan officer after he quoted what the previous one had written. And yes, I went along. Was it right? No. But I was stuck. I had borrowed against my home to do maintenance and emergency system repairs and replacement, and also train in a new career. When I saw a few For Sale signs begin to creep up in my area, where for years there had been none, I decided to sell, despite multiple advisers saying that housing was not a bubble fixing to burst.

Although my place was beautiful, gave me, my family, and friends many happy memories, and I planted and grew absolutely beautiful perennial gardens, which were beloved and painful to leave, I’m happy to rent. Right now I prefer it—to be able to focus on my work and writing.

But what about all the people who rent? Renters are people, too. Who’s talking about them/us and what happens after they lose their jobs or can’t find work. Or the self-employed? They don’t get unemployment benefits. How many Americans are in that boat? Or in the boat whose benefits ran out long ago?

Now that I rent again, how come I can’t get help to pay my landlord? I don’t think I should, but why can some segments of society get help and not others? If I can’t pay my rent next month, I can’t get a waiver for a year or an adjustment on the amount. I can’t not pay from one month to the next, yet people who can’t pay their mortgage can, and they are rewarded. Because they hold the property, I know. And the whole domino thing, I know. In the end, we all need shelter, food, and clothing at the least.

After this admission, it’s with moral certitude that I do my coaching, writing, and healing work, with the knowledge that it’s helping to save and enhance the lives of others. It’s the light work I must do in a time of moral decline and an abundance of fear.

It is The Fear that is helping to propel things in a downward spiral, which is what Bill Clinton meant last week, when he suggested that Obama needs to convey that there’s a light at the end of the tunnel. That’s what Bill did as Prez: he, not Obama, was the original man from Hope. But Bill’s schtick worked, because his actions and the mood he conveyed matched it. He buoyed people’s hopes, as opposed to Obama’s chastising Americans after he staged multiple gigantic events for a year while picking our pockets, and now picking them again and again, and those of our kids and grandkids. This is different than Bush?

It is imperative for entrepreneurs, creatives, and real light workers (haters, bite me) who offer a compassionate, helpful, truthful, empowering solution to anything to re-up. It’s time to use the technology that I learned for the cause to disseminate my professional message, which is about living healthfully and powerfully. Although my passion for real Democracy trumped my professional efforts during the past year, once again I’m reminded that my professional is political. As usual following a spiritual or an ethical path is not the easy road, but it is the only one in the end, underneath it all. Doing so, hoping once again, against all “hope”—that I don’t become Queen of the Road in the process.