This just in from the AP: "More than half of all homeowners who had their loans modified to make the payments more affordable in the first half of the year are already in default again." Imagine that. This is exactly what any normal well adjusted intelligent human being would expect. Yet, somehow Uncle Sugar never saw it coming. And that's not the worst of it. They plan on rewarding the attendant bad behavior of mortgage holders by giving away more of your money.
One article had the audacity to print this "The main goal of the program is to get financial institutions to lend money more freely again, which would help revive the economy." Yeah…that makes a lot of sense to me. Let's "lend" (wink wink, nod nod) more tax payer money to those who can't or won't pay that money back. I mean, it's working already isn't it? This is insanity.
And now the Bush administration with the connivance of liberal democrats are poised to lend tax payer money to the auto industry. This is all under the auspices of saving jobs. Jobs for which employees are overpaid, CEO's are overpaid, and for a company infrastructure which has failed to remain competitive. I'm wondering, if the auto industry was ever going to get their act together, wouldn't they have done it already? So why or how is another taxpayer funded handout going to get them to fix their broken machine now? Here, I'll make a little prediction: This loan isn't going to fix anything. It's just going to prolong certain death. Just as the $700 billion bailout isn't fixing anything, but only prolonging the inevitable. The reason none of this is going to work is because bad choices (behavior) is largely behind it all. The money won' t change the behavior that led lenders into the shape they were in. It won't change the behavior of irresponsible mortgage holders and it won't change the behavior of the fat cats running the auto industry. It will merely enable these people to continue behaving in ways which harm themselves and others.
But even if these spending policies worked. Is it right to give away someone else's money without their consent, especially, when that money is being used to enable the bad choices of others? I don't think so. I think what our "representatives" are doing is morally wrong and I am outraged. You should be too.
Still, our fearless leaders press onward seemingly oblivious to the fact that the house is coming down all around them. They remain deaf to the cries of a majority of Americans who are begging them to, "Please, for the love of God, STOP!" Their stealing from public coffers so they can sink their teeth into private enterprise won't save them or us. What it will do is make things worse by enabling mediocrity at taxpayer expense. Yes, it's sick; it's obscene; it's immoral…and what's worse is that, practically speaking, those of us who are paying the tab are powerless to stop it.
Editor's Note: I wish to thank, MTW contributor and resident photoonist, T.R. Oglodad for whipping up the liberal Fudd graphic which accompanies this commentary.
What?! People got their mortgage payments adjusted? Why wasn’t mine? How do I get ticket to ride on the gravy train?! Man, that ain’t right!
Yeah, right…where have all the real mamby pamby liberals gone? The idea must be a myth or else they’d all be pissing and moaning about why responsible Americans like yourself aren’t on the dole. They’d be saying, “That ain’t fair!” They’d never say, “That ain’t right!” as you quipped, though…for a at least one reason: 1. If moral consciousness were a nutritional value, liberals would have the nutrient density of a pork rind.
As for their alleged values of fairness/equality, choice, etc., we know better don’t we? If choice were their highest value, they wouldn’t be condemning racists for being racist; they wouldn’t condemn criminals for choosing to commit crimes; they sure wouldn’t be barring me from speaking to women at the abortion clinic. If fairness were their highest value, then they would be the first to demand that all Americans get on the dole concerning their mortgages. They’d also demand that Uncle Sam bail out every single business on the verge of bankruptcy. None of this ever happens because all their talk of choice and fairness is a smoke screen for their government imposed radical individualism. Can you say “oxymoron”? Ever notice that smell any time you’re in the company of liberals spewing this noxious doctrine? It’s quintessence of their hyPOOcrisy.
Have a good one, Mr. O.
banning you from the abortion clinic ???? did she tell you there wasnt a chance she was having a little hanging chad.hahahahahahahahahahahahahahheheheheheheheheheheheheh make it stop im getting the hiccops
Oh, Ken, I wish you’d either (A)go back to school or (B) hire a proofreader. Make it stop, indeed.