All of a sudden, nothing works and I desperately need Payday Loans. The engineering office that I am still attached to by a thin piece of string has lost 3 projects in the past week. Someone up there leaned over and turned off the tap. So the little retainer they have been paying me is on its way to the horizon. My second job, writing for a casino flew out of sight with a spin of the roulette wheel last week.   Thank goodness my insurance company continues to take 7 short articles per week. My small portfolio in the stock exchange looks like it’s been through a shredder.

Losing jobs, several extra jobs just to get by.  Stock losses.  Does this sound like you and your friends?

The good news

There is a glimmer of good news. I have nothing to do with any of the above bad news. The good news is that I am the same person that I was a few months back when the phrase ‘sub prime mortgages’ came rumbling over the hills. I haven’t changed strategy; I write in the same style, I make sure that everything that leaves my creaky old computer is in perfect English.

The bad news

Basically, the news is all bad. I’m sure I saw a look in the new president’s eyes yesterday as he was being nailed to the dome of the Capitol. He was looking around to see if there was a way out. Or could it be that he really enjoys a challenge. He has one, all right. As for me, should I apply for Payday Loans now when I know I will need them more urgently next month, and the month after? Are daisy-chain or monthly Payday Loans available yet?

The worse news

The bad news doesn’t stop and clearly there is no bottom to this barrel. No one was surprised the see the U.S. stock exchanges go into free-fall on inauguration day. It simply behaved like it behaves every day.  Why did I think that a new president could pull a rabbit out of his hat in his first hour in office?

Anyone got a map?

Will a map and flashlight help us to see what’s coming? Is there anyone out there who can actually tell what’s in store for us? Should I give up writing as a means of making pocket money or should I go back to painting and try to become an old master? I’m sure I will get the ‘old’ part right eventually.

Who is responsible?

Who decided to move the goal-posts in the middle of my game anyway? Here I am, working hard, paying my taxes, my wife is supporting all the stores in town and both of us are looking forward to a long, happy and worry-free golden age with a good pension so we can continue to live in the manner we are accustomed to.

Someone stuck his foot in our path and changed the rules of the game. It’s just not fair, is it? Where’s the umpire? Playing in another league, I bet. Now about that Payday Loan we were discussing…

In honor of today’s inauguration of President Barack Obama, your payday loan source would like to review some of the high points of Mr. Obama’s upcoming economic plan. Some of the proposals you’ll see here are currently being addressed by the incoming President, while others have yet to be realized. As newsman Tom Brokaw reminded the nation and the world before Obama appeared before the expectant National Mall inauguration crowd, “There are no guarantees.” America’s economy is in need of significant repair, and President Obama will do all that he can to move the country in the right direction. However, significant reforms will take time.

Part I: Stagnant Wages and the Wrong Tax Cuts

Wages for American workers have not kept pace with the skyrocketing cost of living. In-state college education costs have grown by a staggering 35 percent over the past few years. Health care costs have also flown ahead of wage earnings, outgrowing earnings by four times over the past six years. And personal savings? Some might ask, “What’s that?” We are saving at a rate that is at its lowest since America’s Great Depression. Savings should come first, before leisure, before faxless payday loans and most certainly in a way that assures you are free of predatory fees (which most banks and credit unions cannot guarantee). The following chart appeared in a recent New York Times article, and it paints a picture that is indeed sobering:

Tax cuts for the rich instead of the middle class

While some economists argue this, most agree that tax cuts should benefit those who need the relief. Taxation should apply most logically to those in the highest income brackets, in order to achieve economic balance and give citizens real opportunities to succeed. However, tax cuts under former President George W. Bush benefited not those who needed relief, but those who earned over $1 million dollars per year. Bush’s largest tax cut was in fact 160 times greater than whatever the middle class received. The hard-working middle class bearing the brunt of taxes and having their right to payday loans being taken from them are both exceedingly unfair.

Truly, the numbers of the middle class are much larger than those in the upper income brackets, yet the tiniest percentage actually holds an overwhelming percentage of the world’s wealth. It is no different in America, which made the G.W. Bush tax cuts all the more puzzling. A study at the time found that “the effective tax rate for the top 1 percent of taxpayers dropped from 33 percent in 2001 to 26.7 percent this year, a decline of 19 percent. The middle 20 percent of taxpayers saw a decline of only four percent.”

The laundry list against the cuts, continued:

• The top 20 percent of incomes (averaging $182,700 a year) saw their federal taxes decline from 65.3 percent in 2001 to 63.5 percent
• Middle-class incomes bore a greater tax burden; those averaging $75,600 jumped from 18.5 percent in 2001 to 19.5 percent the following year

Phil Singer, spokesman for former Democratic Presidential candidate John Kerry, said at the time that

George W. Bush keeps trying to mislead Americans into thinking we’re turning the corner, but truth is that he is turning his back on middle-class families. The Bush policies are exacerbating the squeeze that working families have been feeling for the last four years.

How does President Obama plan to fix this?

It will be rather difficult to spur employers to increase salaries significantly at this stage in America’s economic recovery (which is part of why payday loans have come to fill a necessary role), so the most logical courses are strategic (not sweeping) tax relief and stimulus packages (the latter of which is already underway). According to the Obama/Biden “Plan for America” Web site, they will achieve these economic ends in this way:

• A “windfall profits tax” will provide a $1,000 energy rebate, because the rising cost of fuels – for our homes, vehicles and commerce engines – has been a major problem. President Obama will increase taxes on oil company profits to give American families this rebate
• A further economic jump start will include a $25 billion “State Growth Fund” that will fill the gap and prevent there from being cuts to health, education, housing and heating assistance, or unfortunate increases in property tax, tolls or fees. Infrastructure, school repair and protecting jobs are central to this growth fund

• 150 million workers, via the “Making Work Pay” tax credit, will receive up to $500 per person, or $1,000 per working family. Obama estimates this will eliminate income taxes for 10 million Americans
• Seniors making under $50,000 will no longer have to pay income tax. President Obama claims this will affect seven million seniors in America and save them an average of $1,400 per year
• In order to simplify tax filings, Obama will require the IRS to produce pre-filled tax forms based upon bank and employer information. By doing so, all consumers will have to do is verify and sign the forms, then return them. Experts estimate this will save up to 200 million total hours of work and up to $2 billion in tax preparer fees. Moreover, it will save consumers from investing in ridiculously expensive tax return loans

President Obama has his work cut out for him when it comes to righting the ship of the United States economy. Your payday loan source will be keeping a close, hopeful eye on how the President deals with these issues, with a particular eye for preserving the financial freedom and well-being of the consumer. When you choose a payday loan, you exercise your right to choose the best possible source for short-term emergency cash. It’s your choice. For more on President Obama’s economic plan for the American consumer, click here.

You know, of course, that I am the undercover director of operations. My normal everyday working dress is blue jeans and grubby tee-shirt and there is no way I can turn up at the Capitol in my working clothes. I won’t make it through the outer security circle, let alone to my seat in the third row. I spend little time inside the U.S., my job taking me to some strange places.

The swearing in ceremony

The oath will be administered by the Chief Justice on the steps of the Capitol building. Following this, President Obama will deliver his inaugural address and will gaze into the distance as he sets out his vision for America and his goals for the nation.

Security checkpoints will open for the swearing in ceremony from 8 a.m. Ticketed guests should arrive by 9 a.m. So the latest time I have to get the new clothes is at 8 a.m. If the clothes aren’t in my hands by then, I will not be able to attend. If I am not counted among the guests, I will probably be the subject of the first inquiry on the new president’s agenda. So please, do your best to get the payday loan money to me by Monday evening at the latest.

The swearing-in traditionally takes place at noon. As the clock strikes the hour, President Obama will raise his right hand and say the time honored words: “I do solemnly swear…”

Why it’s important for me to attend.

As I said I am the undercover director of operations. As such, I am in constant touch with the undercover directors from most countries in the world. We meet regularly and it is we that plan the hundreds of undercover operations that are going on at any given time. All the other directors will be present at the ceremony and they will all want to come up to me and shake my hand as the host undercover director.

The clothes

I thought that a medium weight black suit with a white silk shirt would look well on me. I like a semi-cutaway collar on the shirt and perhaps a wild Thai silk tie in a dark maroon would complete the ensemble. Shiny black shoes, of course.

My Payday check comes to about $45,000 but I know the Payday Loan will not be close to that amount. I also do not expect to be spending that amount on the clothes.

The All American Ball

I am thinking about attending the All American Ball. I have a ticket ‘on hold’, meaning I can take it up until Thursday. The ticket cost me $895 and if I take my wife I am in for $1,790, quite a sum of money. Perhaps I should leave out the ball. I don’t want to put too much pressure on that payday loan – it has to be paid back sometime, right?