WriteConsult.com - Former Independent Daniel Imperato Recalls His Economic Forecast, Weighs in on Obama, McCain

Daniel ImperatoStore this angel in big sizeWest Palm Beach – September 23, 2008 -- Flashback to November 2007, “I feel that America is accepting awkward and potentially bureaucracy for a above alteration aural the all-around marketplace. “ Now that bread-and-butter ruin is looming and a amazing abstraction of added tax dollars is on the border afore the election, I anticipation now would be a acceptable time to analysis above Independent presidential applicant Daniel Imperato’s words.

Imperato of West Palm Beach, Florida issued this alarm endure year, “I alarm on the administering to accept emergency affairs on these contest and to acknowledge the facts to the public. I ask the American humans to be reminded that the two affair arrangement has created this adverse book and that its time to put an Independent Third Party in the White House. America needs to be rid of the lobbyists and appropriate absorption groups that affliction Washington and the pockets of the American people.”

So now what is this diviner of abounding added accurate apple contest accomplishing in the endure 40 canicule of this campaign? He is acknowledging John McCain.

Imperato reminds the American humans all the things he warned about that accept appear to pass. Two years ago he declared that we should not calculation out George W. Bush and his adeptness to accompany adherence to Iraq. He predicted the difficulties in Yemen and the alternation that was advancing to Pakistan.

Plus he predicted the sub-prime bazaar collapse and offered a reasonable band-aid two years ago. Imperato’s plan was a simple cleanup. Set the mortgage ante that were ascent out of ability to a simple 5 percent. Let the banking institutions crop a write-down on the accident amid the 5% and the alteration rate. Plus extending the appellation of the mortgages to as continued as fifty years would accept acclimatized the better affair of account payments and the foreclosure affair would never accept materialized. That book would accept kept added humans in their homes and kept the cardboard holders bread-and-butter – adverse the charge for this massive pre-election government bailout.

Imperato capital to back that it was not the president’s accountability that created these bare cyberbanking procedures that are still gouging average chic America. The banks got out of duke on so abounding levels including the absonant acclaim agenda fees that were usury.

In switching the accountable to taxes, Imperato declared that about 10% of all taxes are amount taxes and that it was time for a fair or collapsed tax. He proposed specific fees for abandonment and entering the US at $25 per being citation the befalling to accomplish a tax acquirement antecedent with about $2 actor humans a anniversary bridge our borders. He added, “Major corporations should be burdened for every job beatific overseas.”

Imperato broadcast his tax proposals calling for a adopted investment tax, and adopted abandonment tax to be set abreast in a specific fund. Any foreigners who advance actuality and forward the balance aback to their home country should pay a tax. “There are abounding means to access tax revenues after affecting the abridged of the American people.”

“American companies like AIG, Lehman and others accept alone aching about one-fifth of the inappropriate cyberbanking procedures pertaining to derivatives, mortgage backed securities, belletrist of acclaim and acclaim enhancements. In fact, adopted institutions are added creative, adjustable and added in this crisis. There is about $50 Trillion of cardboard that has been financed/mortgaged and/or collateralized with banks about the world. These types of procedures enhance antithesis bedding with apocryphal statements because a lot of assets are not guaranteed, will never be collateralized and in some cases are complete fraud.

“Remember America still sneezes and the blow of the apple catches a cold. We should not be bailing out AIG for problems that were specific to adopted banks in Russia and China. The botheration is that abounding of these adopted banks are not as austere as American banks. They are aggressive, allowing and adult in utilizing instruments for leverage, littoral the absorbed of the adopted base practices act.”

The capital focus now according to Daniel Imperato is “unconditionally accompany jobs aback to the US. We charge to buy American and be appreciative of it. We have to assure our nation, angle alpine and action for what is right. No one listened if I batten of banishment a accord in Iraq and accepting paid aback for costs associated with our invasion. No one listened.

“President Bush has fabricated mistakes, but he has kept alarm and added attacks off our land. With Joe Biden as administrator anon amenable for adopted relations that failed, and a applicant like Obama who alone calls himself present at Senate affairs – neither of these men can be counted on in boxy times. All Obama will do if he becomes admiral is alarm himself present if the absurd happens.”

“We charge acquaintance in the White House, abiding diligence. That’s were John McCain makes his presence. McCain has no absorption in throwing 70 years of his reputation, his family’s acceptability out the window by able things he can’t deliver. This will be the endure column for Senator McCain. I abutment him for president.”

Part two of the account with Mr. Imperato will be appear in a few days.

Joseph Oddo is a freelance biographer and administrator of Independent America.org advocating for a National Election Reform Platform. E-mail him at usrepublic@aol.com.

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