Thousands rally against Obama and the Big Government

Thousands of unsatisfied Americans have gathered on friday to rally against Obama's healthcare proposal and the overall dissatisfaction with the big government. This has been the largest gathering against Obama since he took office in 2009. Mostly consisting of right-wing supporters, they all came down to show their anger and fueled frustration against the countries' commander in chief despite the rainy weather in Washington. The issues which they rallied for, were not only healthcare, but also about thorough support for gun rights, lowering overall taxes for the middle and upper class and minimizing the power of the big government. The man in charge of the protest was shockingly a former House Republican leader Dick Armey. He was behind the scenes of the whole chaos, but stood firm shouting "Liar!" in the same spot where Obama took oath of office in the beginning of the year. The crowd along with Dick shouted many profane remarks towards the president, and claimed the policies which Obama implemented were in violation of what the Founding Fathers intended it to be. Tens of thousands protesters called Obama the "parasite of chief" and linked him to Hitler, referencing his dominant leadership.

Although not everybody was focusing on disapproval of Obama, others were protesting against about the government as a whole, focusing on issues such as promoting better gun right, national deficit and disapproving illegal immigrants living in U.S.

As far as democrats and other left-wing supporters, they stayed silent on saturday, but few counter-demonstrators showed up during the rally to protest against the protest. The left-wing supporters came to attend to protest against the misinformation which al these opponents came to fight against. Stating that most of the comments and remarks are very biased and misinforming.

Even though this seems to be heavily focused on frustration about the current political policies and the health care reform, many opponents call the administration as "socialism". But many commented that such frustration and disapproval came out not recently but has been building up for years already.

Geithner states that economy is slowly regaining health

Almost a year has passed since the bailout plan has been passed by president Obama, and advisers along with Timothy Geithner say banking system have regained enough financial assistance to slowly remove the government's backstops. Geithner says that banks and corporation are now relying less on governments bailout assistance and guarantee programs. Treasury expected the banks and many other financial institutions to already start replaying the additional $50 billion which they have borrowed in beginning of the year. Fortunately $70 billion has already been repaid by the financial institutions in the upcoming year. President Obama will fly to wall street to deliver a major speech about the financial crisis. This speech which will take place in 9/14 will mark the anniversary of collapse of the giant investment institution, the Lehman Brothers.

The Federal Deposit Insurance Corporation will temporary discontinue making new "temporary liquidity guarantees" at the end of October. Reduce the volume of liquidity guarantees and PPIC will begin buying again the toxic assets from banks in the upcoming month, although the portion of purchase will be a lot smaller.

Geithner has warned the public that the economy is still remaining weak and warned that stopping all the bailout programs too quickly would cause a disaster. He predicted the unemployment to still keep rising, reaching its peak at 10% , which is a lot higher that it was during the 80's. But it will begin to decline slowly and regain strength during next year. The council agreed along with the Treasury and stated that over 600,000 jobs have been saved and created due to financial assistance from the government.

6 New Rules when buying your first Home

Our government is dealing with a chaotic recession in present time, so while the prices are jumpy and unpredictable, here's some tips for first-time buyers:

1)Put down only 20% , so that you owe less than what the actual value of the house, this way if the prices unexpectedly begin to fall you have less of a chance of owing more than your home. And most of all, sign up for a fixed-rate mortgage, this way the monthly bill will remain stable even during the unpredictable price jumps.

2) Make sure to consider your income, don't just rush and buy a huge house which you might have troubles paying later in the years to come. First time home buyers usually make right predictions when buying their future homes. But the reason why many got in troubles with this financial crisis, was because many borrowed loans which they could not afford paying later on. This got many in trouble and many had no choice but to foreclose their properties. Income overconfidence screwed up many first-time home buyers and has been the primary cause of recession.

3) Forth come the unknown, put yourself in the situation where either your spouse or yourself must take leave of absence from work, if any unpredictable occasion must arise. Either if you expect a child or become sick, calculate the costs of mortgage and if you would be able to pay off monthly payments without any stress.

4)Make sure to map out your expenses, when purchasing your new home. Realize that close t 4& of your home's value will go towards remodeling the unit. Map out your expenses and see if that's even a possibility with the addition of monthly mortgage payments. These costs of extra 4% may be higher if you chose to purchase the unit in severe weather area, where damages and remodeling happen often.

5)Buy a house you know you will AFFORD or cheaper. Make sure to buy a house that you covet but don't settle for anything in between. Some people have their heart set for a home, but later on they back out and settle for the next best thing, but many advisors say that is the worst decision to make, because it dries out all your expenses.

6) Not everybody should oblige to these rules, but when worst come to worst fall back to the eight-hour test. Meaning you should be sleeping worry-less without thinking about paying off your next mortgage bill. But if your loan for your first home is keeping you up at night, then you should definitely re-think about buying and stick to renting for the time being.