Elect
    FAYE Coffield,
    Independent
    Congresswoman, 4th District
    DeKalb, Gwinnett, Rockdale

                An Independent Voice, A Proven Leader
This Page Is Regularly Updated
Please Come Back
VOTE Nov. 4, 2008
If You Don't See My Name - Write In "Faye"
  • Over 150,000 U.S.
    Citizens lost their jobs
    in September 2008
    according to Speaker Nancy
    Pelosi on 3 October 2008.  
    This is one of the largest job
    losses in the past 10 years.  

  • 600.000 U.S. Citizens
    Have Lost Their Jobs
    This Year.  That is the
    almost twice the number of
    registered voters in the 4th
    District.  According to
    georgia.gov the population of
    DeKalb County is 660,000.  

  • 59,090 Georgians Filed
    First Time
    Unemployment Claims
    In August.  Up 72%
    From August 2007.  That
    is the population of many
    Georgia cities.  

  • 28,696 Metro Atlanta
    Residents Filed First
    Time Unemployment
    Claims.  Up 75% From
    August 2007.

  • One Ga. Simmons
    Mattress Plant Is
    Closing Resulting in
    Approximately 104 Job
    Lost                                   
    Atlanta Journal-Constitution   
    9.11.08

  • There are Estimates As
    Many As 6,000,000
    Jobs May Have Been
    Lost Due to NAFTA
    and/or Outsourcing to
    Foreign Countries.  In
    My Opinion NAFTA Has
    Had A Devastating
    Effect Worldwide On
    Workers.
Congressperson's Base Salary - $169,300+ Expenses
Average Worker Salary Less than $50,000
Faye's Income 2007 - Less than $50,000
That's Why She Understands and Always Will
So What Does FAYE Plan To Do About The Economy:
  • Develop economic programs that put citizens and small
    business owners first.  

    Housing:

    I will introduce legislation establishing procedures for homeowners who
    are in trouble because of changes to their original loans to do some of
    the following:
      
  • Require banks and mortgage lenders to keep loans at the
    qualifying rate if the homeowner was able to remain current at
    the previous rate and had the ability to stay current.  
  • Require banks and mortgage lenders holding government
    insured loans to negotiate with homeowners to keep them in
    their homes.  If such negotiations fail, the matter would go to
    an arbitrator before foreclosure.
  • Require that all foreclosures which include any part of a
    government insured loan be Court adjudicated foreclosures.
  • Revamp and expand the COPS and TEACHERS program
    which gave police officers and teachers a substantial discount
    on foreclosed homes.  I would expand this program to include
    first time buyers and other non-investors.  There would be a
    10 year non-sale provision with a 90% penalty on profits if
    owners sold within 10 years.

    Small Business Development:  
    Throughout the world, one of the fastest growing business categories
    is that of the micro-businesses.  Many of us call these cottage or
    basement businesses because they are typically conducted in the
    homes of their owners.  Many are often supplemental business
    ventures providing additional income for the "extras" of life.   I will work
    to obtain funding for the development of mirco-businesses in the 4th
    District.  

    I will also work to bring new businesses - small, medium and large - ro
    existing but abandon industrial areas within the 4th District.  This will
    also include working to get grants or other incentives for businesses
    that relocate to these areas.  

I will to work with the communities and business
community to determine what they believe is in their best
interests and those of the surrounding communities.
The "Bail Out" Is Wrong

       Even with its "changes" the "Bail Out" still places the interests of
Big Business over yours.  The is no clear statement as to what will and
will not be bought.  While this may sound minor let me give you this
example - We do not know at what price these bad assets will be
purchased.  We will also be taking over car loans.  So lets use two
examples.  A person has an SUV which they have stopped paying on
and the bank is about to take back.  The SUV value may have dropped
by 50%.  So is the government going to pay the loan amount or the
market value.  This is also true with houses.  Is the government only
going to buy homes which are occupied and facing foreclosure or will it
accept any bad mortgage.  Sadly there does not appear to be much to
stop CEOs from getting millions in salary in compensation.

       You make a bad major investment - Who bails you out.  If you are
like me, it is you.  I believe there are numerous other options besides
giving $700,000,000,000 to people who have already messed up a
major fortune.  The same people who just last year and the year before
bragged about giving out billions in bonuses.   A record for even Wall
Street.  Wall Street executives and CEOs have consistently been
among the highest paid in the world.   They were supposed to be
smart.  So I am sure they can come up with something better than
begging us, the taxpayers, to loan them money with no strings.  This
amounts to the relative who own a mansion, Rolls Royce, spent lavishly
and ignored you now coming to you for a virtual no strings loan.  What
would you do in that case?