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Comments

1. #1
   On March 4th, 2009 at 1:01 pm, Jeff2161 said:

   Free Money…Get yer free money here…

2. #2
   On March 4th, 2009 at 1:03 pm, zorro said:

   Is there a line in there that gives “the state” an ownership stake in the property? I would be surprised if the socialist democraps didn’t slip something in.

3. #3
   On March 4th, 2009 at 1:09 pm, Weary Citizen said:

   I am an *ss for taking a mortgage I could afford and actually paying it.

   It is imperative that we continue to move with speed to help make housing more affordable and help arrest the damaging spiral in our housing markets,” Treasury Secretary Timothy Geithner said in a statement.

   WTF? How does propring up the market prices equate to more affordable housing? You get more affordable housing by allowing the market to set prices that are affordable given the average wages in an area. Lord, even an econ 101 student would know that. We have a bunch of econ illiterate buffoons running our gov’t.

4. #4
   On March 4th, 2009 at 1:10 pm, DBNinKY said:

   In a related matter, the Obama administration’s new cap-and-trade policy may have preemptively claimed its first victims in the mining industry and, of all places, in an area where it will hurt the most – eastern KY!

5. #5
   On March 4th, 2009 at 1:13 pm, Neptune said:

   That’s it! If these “citizens” can’t take responsibility for their mortgage decisions, then they lose the right to vote until such time that they do.

   Our war cry should be: “No Responsibility, No Vote!” (probably could be worded better…something more catchy if nothing else)

   And it shouldn’t just be limited to irresponsible mortgage borrowers either…anyone who “needs” government “help” should be considered fair game for the new “Vote Suspension” program.

6. #6
   On March 4th, 2009 at 1:19 pm, Khyris said:

   make housing more affordable and help arrest the damaging spiral in our housing markets

   Lower housing prices, and stop housing prices from lowering… THAT is some AMAZING double-think!

7. #7
   On March 4th, 2009 at 1:21 pm, okiedokie said:

   Hey, here’s an idea. Just refinance all those loans onto a 500 year note. That should drop the price and that way not even our KIDS will have to worry about them.

8. #8
   On March 4th, 2009 at 1:22 pm, On-my-soap-box said:

   So, I am a sucker for paying on both of my mortgages. The money will go to deadbeats and lawyers and not to people like me.

   I guess it is all part of the plan. Sink the country low as quickly as possible and when the market corrects itself, BHo will get the credit for Bush’s failed policies.

   UH-HUH

   I guess liberals can blame BHo’s $3 trillion budget on Bush too?

   Good lord, I hope there is a country left to govern when people stupid voters remover their heads from their rears and catch on how bad this really is.

9. #9
   On March 4th, 2009 at 1:27 pm, sims said:

   DBKinKy: Been wondering when the new admin’s promises to hurt the fossil fuel industry would hit the fan. Of course, the left has been gunning for the coal industry for a long time. If only they had more community organizers there to help them learn to protest against the oppression by the Greenies.

10. #10
    On March 4th, 2009 at 1:27 pm, DBNinKY said:

    Remind me again: Why does anyone pay their mortgage on time, anymore?

    No idea! If only we had been irresponsible and borrowed lavishly to build our dream house – five bedrooms, 3.5 baths, marble tile and counter-tops, etc. – and not the affordable but small three bedroom-single bath house we chose, then we’d be home-free/free-home right now, too; instead, we’re still trudging along, hoping and saving for our dream additions.

11. #11
    On March 4th, 2009 at 1:34 pm, okiedokie said:

    Hell, I’m trying to save money to replace my 36 yr old heating/cooling unit. I woulda thought that the damn greenies would have driven by and FORCED one on me by now. Guess I gotta cry and wet myself in front of the Messiah to get one.

12. #12
    On March 4th, 2009 at 1:35 pm, sonofdy said:

    Hey, here’s an idea. Just refinance all those loans onto a 500 year note. That should drop the price and that way not even our KIDS will have to worry about them.

    Interesting side note. ALOT of the private land in New Zealand is actualy on 1000 year leases from the crown.

    Now back to your regularly scheduled national bankruptcy.

13. #13
    On March 4th, 2009 at 1:36 pm, sims said:

    We pay our mortgage on time because it is the right thing to do. We are indepedent because we want as little interference in our lives as possible. We work hard and do our duty because we are the ones who make the world work. All of these government institutions can fall into rubble but we will find a way to carry on because we have ourselves to rely on. People who must rely on others from cradle to grave will never know the confidence that comes from self reliance or understand the endless possibilities life holds for those who are willing to go out and meet it’s challenges.

14. #14
    On March 4th, 2009 at 1:36 pm, MBuck said:

    I have this image in my head of Bamo “giving away free money”, saying in his best Nicholson/Joker voice: Don’t worry about me; I’ll be alright.”

15. #15
    On March 4th, 2009 at 1:37 pm, Paul Revere said:

    Via Ace…Istahpundit is reporting Kramer from CNBC is interested in challeging Dodd for his Senate seat!

16. #16
    On March 4th, 2009 at 1:38 pm, Pasadena Phil said:

    Bloomberg today reported that 8 million mortgages are already in default and that about 25% of all residential mortgages are either already in default or on the brink.

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aTX3K2Tvs5cs&refer=home

    So much for bailing out 2 million of them. Like trying to prevent a flood with a teaspoon.

17. #17
    On March 4th, 2009 at 1:44 pm, Ilovemycountry said:

    What a classy woman – what would Jesus say?

    If it’s the Jesus she prays to he would say: throw the unemployed into the ocean.

18. #18
    On March 4th, 2009 at 1:44 pm, JusDreamin said:

    Well, there it is, up in smoke.

    I have been looking to buy a house, I’ve held off for soooo long because houses were simply too expensive. Now that prices have fallen ALMOST back to a reasonable amount, bobo screws me. You think the bank is going to cut me a good deal on interest while the threat of forced lowering of interest hangs over them? Not a chance. We are screwed. So much for being responsible.

19. #19
    On March 4th, 2009 at 1:49 pm, Neptune said:

    Not sure if my first response timed out but the kernel was this:

    If you can’t be responsible enough to make mortgage decisions without gov’t help, you aren’t responsible enough to vote.

20. #20
    On March 4th, 2009 at 1:53 pm, California Red said:

    Last year was good for us and we made a little extra money. The wife and I decided the best investment would be to make a few extra house payments. It was better than leaving it in the checking account to spend, or putting in a savings account with a sub 2% rate, and god forbid if we had put into the market. Anyhow, now I feel like a sucker because my responsibility is overlooked and irresponsibility is rewarded.

    To make matters worse, my wife and I had countless arguments about not keeping up with the Jones’s. I kept telling her they will get theirs in the end and we will be well positioned by doing the right thing.

21. #21
    On March 4th, 2009 at 1:55 pm, mijacat said:

    Why do I keep paying my mortgage on time?

    Because I sensibly did NOT tap out my equity, and therefore owe less than what the place is worth, even after it’s dropped 25%.

    Feel like I’m walking around with a bulls-eye on my back….

    Mew

22. #22
    On March 4th, 2009 at 2:02 pm, lottadawg said:

    Don’t worry Little Timmy Geith!

    Just calculate how much you saved when you finally paid your taxes, the amount the IRS did not penalize you and call it IMPUTED INCOME.

    See you too can qualify an affordable mortgage for working families.

23. #23
    On March 4th, 2009 at 2:09 pm, fighterDC said:

    California Red,

    I am in the same position. I put 90% of every bonus check I have earned for the last 3 years into my mortgage and continue to drive an 11 year old car despite the BMWs, Audis, Mercedes, etc in my area. Although I often felt like I wasn’t working hard enough or making enough money, I realize much of what was seeing was illusion.

    Unfortunately, those who enjoyed the excess for the last 5 to 10 years will be saved by us and so instead of witnessing the parable of the Ant and the Grasshopper, instead we will witness the prodigal son.

24. #24
    On March 4th, 2009 at 2:12 pm, RabbidSquirrel said:

    Remind me again: Why does anyone pay their mortgage on time, anymore?

    ::sigh:: Because some of us still have ethics

25. #25
    On March 4th, 2009 at 2:15 pm, TXGator said:

    we continue to move with speed to help make housing more affordable and help arrest the damaging spiral in our housing markets

    Compared to these guys, George Orwell was a piker. This has to be the funniest/scariest quote yet out of this administration.

26. #26
    On March 4th, 2009 at 2:27 pm, sonofdy said:

    Ilovemycountry said: i hate people who don’t want to pay my bills for me.

27. #27
    On March 4th, 2009 at 2:37 pm, txvet2 said:

    On March 4th, 2009 at 2:12 pm, RabbidSquirrel said:

    Remind me again: Why does anyone pay their mortgage on time, anymore?

    ::sigh:: Because some of us still have ethics

    And some of us care about our credit ratings.

28. #28
    On March 4th, 2009 at 2:54 pm, corona said:

    ” … help make housing more affordable and help arrest the damaging spiral in our housing markets,” Treasury Secretary Timothy Geithner

    Can you say “blithering idiot?

    I knew you could.

29. #29
    On March 4th, 2009 at 2:59 pm, Pasadena Phil said:

    It’s called preventing the market from resolving the problem. That is the “stagnation” part of stagflation is all about. Money either flows or stagnates. It’s also the reason why command economies don’t work. All it creates is zombies, the living dead.

30. #30
    On March 4th, 2009 at 3:18 pm, Pasadena Phil said:

    Speaking of creating zombies, will we now be referring to the “EEK!!!onomy” while citing various DIE!!!chotomies”?

    Just askin’.

31. #31
    On March 4th, 2009 at 3:18 pm, tarpon said:

    Jeff2161 said:

    Free Money…Get yer free money here…

    Why work when the money is free — Concentrate on gaming the system, not productive work. that seems to be what the Acting President Obama wants as he attempts to payback those he sees responsible for the inequity of capitalism.

    Remember Rev Wright’s sermon as related by Obama in his book … ‘Dreams of My Father’ … Page 293 (paperback edition)

    Obama remembers a sermon by Rev. Jeremiah Wright:

    “… It is this world, a world where cruise ships throw away more food in a day than most residents of Port-a-Prince see in a year, where white folks’ greed runs a world in need, apartheid in one hemisphere, apathy in another hemisphere … That’s the world! On which hope sits.”

    And so it went, a meditation on a fallen world. While the boys next to me doodled on their church bulletin, Reverend Wright spoke of Sharpesville and Hiroshima, the callousness of policy makers in the White House and in the State House. …

    If you want more, might I suggest you read Michelle Obama’s thesis … hate filled, racist laced diatribe against the same people. And while you are at it, read up on Alyinski’s “rules for radicals”.

32. #32
    On March 4th, 2009 at 3:23 pm, sonofdy said:

    Can you say “blithering idiot?

    yes : Timothy Geithner

    I knew you could.

    Thanks. blushes…

33. #33
    On March 4th, 2009 at 3:27 pm, cheapseat said:

    so all we have to do is sign a contract on a piece of property we know we can’t afford. have that property become upside down due to market forces, and obie will take care of that contract and lower it to the point i can afford it. so i’m off to see the bentley dealer. it wil be upside down the instant i drive off the lot, and by the time i get home, it will blue book for 25% less than i signed the contract for. oh obie, could you please fix this for me.

34. #34
    On March 4th, 2009 at 4:12 pm, Gothguy said:

    I guess I should not have been paying my mortgage on time, and I guess I should not have refinanced it on my own.

    But then again, I live within my means.

35. #35
    On March 4th, 2009 at 4:39 pm, CrazyFool said:

    Unfortunately, those who enjoyed the excess for the last 5 to 10 years will be saved by us and so instead of witnessing the parable of the Ant and the Grasshopper, instead we will witness the prodigal son.

    Not even that. At least the good, hard-working Son got his inheritance in the end. In this case the Prodigal Son returns and father Obama goes ahead and give him _your_ inheritance too and then expects you to keep doing all the work while the Prodigal Son goes back out and parties…..

36. #36
    On March 4th, 2009 at 7:27 pm, shooter said:

    Remind me again: Why does anyone pay their mortgage on time, anymore?

    It’s painful but morals, ethics and honor are worth it in the long run.
    We can look in the mirror, those others.. will never care.

    This all really started when ‘they’ took God out of the schools.

37. #37
    On March 4th, 2009 at 9:50 pm, Random-American said:

    Keep spreadin the word!

    YOUR Mortgage is not MY problem!