Response to Mercury News Article by Patrick Buchanan – Sept. 13, 2009

September 19, 2009

Response to Mercury News Article by Patrick Buchanan – Sept. 13, 2009

Why does the Mercury News continue to print articles by Pat Buchanan a self proclaimed racist? On The Rachel Maddow Show, Buchanan insisted that “white people built America and deserve more”. In the Mercury News article on September 13, 2009 Buchanan states that America is more divided lately about everything. Multiculturalism and diversity is the reason he gives for the division in this country. He says that “the European-Christian core of the country that once defined us is shrinking, as Christianity fades, the birthrate falls and Third World immigration surges.” The old American heroes according to Buchanan like Columbus, Stonewall Jackson and Robert E. Lee are replaced by Dr. King and Cesar Chavez.

Well, Buchanan’s old America does not exist any more, thank God, so get over it. This country was built by all of us – black, white, red, brown, yellow; it is our multiculturalism and diversity that makes this country strong.

America is not divided because of our cultural diversity but because of ultra-conservatives, right wing nuts like Pat Buchanan who continue to fan the flames of racism in this country. Calling our President a fascist, thug, and Nazi shows how despicable these ultra conservatives have become. With freedom of speech comes responsibility. Pat Buchanan is not a responsible columnist and The Mercury News should not continue to give this idiot a forum to air his extreme views.

Carol - CFO

Important facts of dealing with bad credit

Financial need is one of the most important needs of daily life. Apart from few aspects of your day to day life most of them are some how impacted by bad credit rating. Your capability to find work, the rate of interest you pay for a loan can all depend on your credit rating. It is very much essential to maintain your finance smartly otherwise your life can be very unpleasant.

If it is known to you that you already have bad credit due to some problems in the past then receiving secured credit card is the best means of improving credit. A secured card is as good as exactly like a debit card which will help you get an upper credit limit. First of all you estimate your monthly investment, and then put that amount on the card in a monthly basis and then you can only spend that much.

In the present financial market, you can get offers from many specialized lenders who are offering consumers unsecured loans. They don't even care whether the consumers have bad credit or not. If you are among the bad credit consumers then you will be charged a higher APR as compared to a regular lender. So, be careful with these types of loans and always go through the fine print before wishing to get such type of loans.

It is not so difficult to improve your credit. You have to carefully watch the label of bad credit and always try to get a secured credit card which can help you in getting your rating up.

Financial education: The real solution of financial crisis

Financial illiteracy is now the main cause of the global financial crisis. From a recent survey it is found that 75% of adults don't know how much to save for retirement. Even half of them don't know about inflation and interest rate. On the other hand, credit card companies have been intentionally taking benefit of financial illiteracy by promoting credit card use. They also have been advertising the credit card use as sound financial planning.

Financial education is very much essential for the consumers to make wise options about their personal finances. They totally have let their problems on others. The main problem with this is that there is some financial planning which can't be learned without suffering from a financial failure. There are also some authorized features to financial management in contract basis with insurance companies and financial organizations which go over the head of most of the peoples.

So, educating consumers in money management is very much essential and it should be implemented in our school system. This education system shouldn't be done by banks or other financial organizations as they have the tendency to influence our children to become consumers of their systems and services without any knowledge of its disadvantages. This activity should be developed and implemented by independent financial experts who are not in sponsorship with any financial industries.

Realizing the financial problem is more important then the financial education. People should realize the utility of their money. These basic beliefs around money are 90% of the problem with deprived financial management. And financial education is the other 10%. So, we need to be teaching or children the right values and priorities first and then we should try for financial illiteracy problem. These basic values can only be taught in the family and other financial faith based organizations.