Gimme, gimme, gimme: More scenes from the anti-Obama entitlement backlash
So, a CNBC host is calling for a new “tea party” to protest Barack Obama’s out-of-control spendulus/entitlement culture? We’ve been doing it all week. Seattle, Denver, Mesa. Kansas this weekend. And more outbreaks to come. I’m posting a second round of photos from KFYI’s anti-porkulus protest in Arizona yesterday in opposition to Barack Obama’s visit to push his massive housing entitlement campaign. Thanks to La Mano at Sticker Patch for the pics. The revolt against the savior-based economy continues…
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Via CBSNews EconWatch, Obama’s massive mortgage entitlement plan gets panned:
President Obama’s
mortgage bailout announcement on Wednesday directs $75 billion in government funds to bail out certain borrowers who are behind on mortgage payments or “at risk” of falling behind.Although the president said that “it will not rescue the unscrupulous or irresponsible,” there’s no requirement that that U.S. Treasury deny bailouts to Americans who took outsize risks in hopes that their homes would continue to appreciate.
Which is why Obama’s announcement has drawn a howl of protest from renters and those people — yes, they exist — who bought cheaper, modest homes they could comfortably afford.
BuckNakedPolitics writes: “I have little sympathy in one sense with the moans of homeowners stuck with negative equity as a result of a gamble that the value of homes would always go up, up, up. One reason I’m living in an apartment is that I recognized that this myth was a myth.”
Conservative blogger Michelle Malkin describes it as a new “massive mortgage entitlement campaign.” Housing bubble blog Patrick.net dubbed it a “plan to reward debtors at the expense of savers.”
NewsRantsAndReviews says:”Obama has one word for those who didn’t get in over their heads during the recent housing boom and have paid their mortgages on time: Suckers!”
…A reader post at the New York Times says: “I should have lied about my income and refinanced in 2005 for the full ‘value’ of the loan with a low, low teaser rate. Than I should have used the cash for new appliances, vacations, flat screen TVs. Oh and I could have financed all of my son’s college instead of taking out all those loans.”
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Categories: fiscal stimulus,Subprime crisis
Weary Citizen:
I am so glad you read my second post!!
I know I don’t know any of you folks,
but I was crushed b/c I had a feeling you all didn’t know what I was really saying, and that’s my fault for not explaining it properly in the first place.
I forget you don’t “know” me like my blogger friends.
I will do better explaining myself if there is a “next time” … it taught me a lesson.
I am with all of you folks, and I am sick to death of moochers and people wanting hand outs… especially since we have always lived our life living within our means… we have never had credit card debt and have two ten yr old cars … we only owe on the mortgage on our home… we are pretty much tight wads… LOL
The past month w/ Obama in office has been the most miserable month.
Like my husband says,
Elections have consequences.
No worries. Don’t take things to heart so much. We have all made posts that didn’t exactly portray what we intended. The only thing you/we can do is restate it more clearly and move on. And if it is what you really believe then you have to stand up for that. I certianly don’t agree with everyone on this board and sometimes it gets ugly. But hey that is what makes it fun.
Meant to add, I really do hope everythgin works out for you. I could not imagine dealing with a child with serious health issues. It’s the double whammy of finacnial and emotional issues.
Frankly, I do beleive it is totally wrong for a family to be bankrupted due to health reasons. I generally am not in favor of gov’t intervention in anything, but the gov’t right now ensures illegal aliens and the “poor” are cared for at taxpayer expense. So how is it ok for them but not for the people who actually work and support these parasites?
WC
I feel EXACTLY as you do.