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Comments

1. #1
   On March 6th, 2009 at 2:00 pm, letget said:

   I would imagine this just the tip of the iceberg when all the facts come out on this horrible bailout.
   L

2. #2
   On March 6th, 2009 at 2:07 pm, Fuller said:

   The stock markets ate my retirement plans – I hocked the dog and two kids to pay off the house. I’m sure P-BO has a check in the mail.

   He won’t let me down. He say “he not there for heself but for all amerika peoples”.

3. #3
   On March 6th, 2009 at 2:07 pm, stillontheroad said:

   I have also heard form people I know that not only what Michelle just let us know but also, those that took out one, two and sometimes three equity loans may not have to pay those back. Think Kalifornia. Everything would be re-financed at the homes worth and the equity loans just allowed to be written off.

4. #4
   On March 6th, 2009 at 2:09 pm, Danceswithdachshunds said:

   I paid off my mortgage years ago so I guess I really should re-finance the house for whatever I can get to jump on the bailout bandwagon and then buy into the stock market when it hits 3000!

5. #5
   On March 6th, 2009 at 2:16 pm, Room 237 said:

   This pisses me off forthis reason. When I bought my house in 2003, my wife and I saw a nicer place, the top floor and loft of a condo. It was 2 blocks from Wrigley Field. About 2 years old, it had a deck from which you could see the lights of Wrigley. I could sit out there and listen to the game if I wanted to.

   BUT — it was a bit above our budget. And it would have increased our mortgage payments by too much. So we passed (and bought a house that 6 years later I cannot sell as I had to move for work just a month after the credit crunch hit).

   I was lucky and was able to rent out my house. Next time, screw it, I through prudence to the wind.

6. #6
   On March 6th, 2009 at 2:21 pm, WarTip said:

   All that money and absolutely no accountability and complete secrecy … nope, nothing to fear here right? We just have to truuuuuuuuuuuuuust them I suppose … but hey, who does not completely trust their representative form of government huh?

7. #7
   On March 6th, 2009 at 2:23 pm, jjmurphy said:

   As seems to be the case with any government program of late, the more we learn after the fact, the worse it actually is! The devil is on the details, and the devil is working overtime these days.

8. #8
   On March 6th, 2009 at 2:27 pm, Freddy said:

   I wonder how they can pretend there will be any controls on this program?

   Having handed Acorn a large war chest of cash in the ‘generational theft act’, these types of controls will surely be found to be ‘descriminatory’ to a hand picked judge, and that will be that!

9. #9
   On March 6th, 2009 at 2:38 pm, AlohaGuy said:

   Idiots.

10. #10
    On March 6th, 2009 at 2:42 pm, ITookTheRedPill said:

    This is what reparations and “spread the wealth around” look like.

11. #11
    On March 6th, 2009 at 2:43 pm, ITookTheRedPill said:

    The last anti-Communist Democratic President was JFK.

12. #12
    On March 6th, 2009 at 2:50 pm, Ed Mahmoud abu al-Kahoul said:

    LBJ favored socialistic policies at home, but opposed Soviet/Chinese communism.

    But people like my wife and I who purchased a home we knew we could afford will be punished by having to pay (or our childrne having to pay) for those who got in over their heads.

    If I’d known, we’d have taken out a second mortgage to finance a boat or a trip to Europe or a Benz or something.

13. #13
    On March 6th, 2009 at 2:52 pm, NJ-Aviator said:

    AlohaGuy said:

    Idiots.

    Simple… to the point.

    Pretty much sums it up.

14. #14
    On March 6th, 2009 at 3:06 pm, txvet2 said:

    Let’s see. I’m at 33.5% now, so I can go out and get myself about a 150k equity loan, then apply to get it written off. I’m rich!! And the kicker is, I still have the 150k equity! Hey, I think I see a great new home business……

15. #15
    On March 6th, 2009 at 3:22 pm, ITookTheRedPill said:

    On March 6th, 2009 at 2:50 pm, Ed Mahmoud abu al-Kahoul said:

    LBJ favored socialistic policies at home, but opposed Soviet/Chinese communism.

    I beg to differ.

    Vietnam wasn’t lost by our military in Vietnam, it was lost by the socialist/communist politicians in Washington, D.C.

    I think our military’s hands were tied on purpose by LBJ.

16. #16
    On March 6th, 2009 at 3:31 pm, ITookTheRedPill said:

    On March 6th, 2009 at 3:06 pm, txvet2 said:

    Let’s see. I’m at 33.5% now, so I can go out and get myself about a 150k equity loan, then apply to get it written off. I’m rich!! And the kicker is, I still have the 150k equity! Hey, I think I see a great new home business……

    How about people who have recently lost their jobs, and now have no income?

    Surely now their housing payment exceeds 31 percent of their gross monthly income.

    The more Obama tanks the economy, the more people become “eligible” for this bailout.

17. #17
    On March 6th, 2009 at 3:34 pm, Drews2Cents said:

    Dang. 14% Another subsidy I don’t qualify for.

18. #18
    On March 6th, 2009 at 3:51 pm, Tazed and Confused said:

    How about people who have recently lost their jobs, and now have no income?

    Hey hey … this is great news for me. Since I’m now part of the New Economy, my household income has been radically cut… AND I QUALIFY !!!!

    Now I feel like a complete a$$, since I’ve been dipping into savings to pay down my principal in addition to my monthly mortgage payment…

    Ha… I’ll be calling my mortgage holder on Monday to arrange my new payment plan… Yipee… You SUCKAS guys will be paying my house off for me…. …

19. #19
    On March 6th, 2009 at 3:58 pm, shooter said:

    I’ll ask again…
    Would ACORN do anything differently than BHO if THEY were president of the US?

20. #20
    On March 6th, 2009 at 4:05 pm, Bogtrotter said:

    I am retired, on a fixed income, and have a home. Just about every year I have received a notice from the bank telling me my payment is going up, usually between 20 and 30 bucks, to cover increaes in the property tax. My assessment, is up as it runs a year or so behind reality. Do I expect help, no, and I would not take it if it was offered to me. Oh, and things being what they are I have the thought in the back of my mind that there is no way the county is going to lower my assessment in the future to reflect real local market value. They taketh, never giveth.

21. #21
    On March 6th, 2009 at 4:24 pm, 24Klady said:

    Wall Street and it’s current woes is not a loss of faith by investors – it’s lack of faith in the person residing at Pennsylvania Ave..

    I’ve thought for a number of years that if a person could not sell their home they could take out as many loans as they need to cash out total equity, and retire to another country – leaving the bank holding the worthless paper it is. Wish I’d taken my own advice!

    Lastly, has anyone besides me wondered how our elected critters intend to pay for all this wonderfullness with so many unemployed?

22. #22
    On March 6th, 2009 at 4:46 pm, tanksoldier said:

    The sad thing is that, as much as I opposed the bailout, I’m probably going to be eligible for it… and I’ll have to take it. I’m paying for it regardless so it seems stupid to pay into the scam and not get anything at all back out.

23. #23
    On March 6th, 2009 at 4:51 pm, Boomer said:

    Once again we get punished for buying a home well within our means!

    ΜΟΛΩΝ ΛΑΒE (mo-lone lah-veh) Translation: Come and take them!

24. #24
    On March 6th, 2009 at 5:06 pm, melancholybaby said:

    Like you, my wife and I spend more that 31% of our gross every month for the mortgage. We make the payment on time without problems. Our savings are being spent to send a child to college so I can eliminate them immediately. I watch with horror as the government prepares to steal my money to give it to people who are in my position. I also wonder if I’ll do what tanksoldier ahs said.

25. #25
    On March 6th, 2009 at 6:39 pm, plymouthacclaim said:

    What about suspending or repealing the property taxes?

    After all, the cities are getting “help” from the feds.

26. #26
    On March 6th, 2009 at 7:34 pm, RabbidSquirrel said:

    Since I dont pay for my college age childs living expenses, I saw that Obama has massively increased the Pell grants through the stimulus package. (funding for poor college students)

    I said to go get in line for as many social programs as possible and reclaim my tax dollars. (Pell grants, food stamps, whatever) Theres no need to rush through school like I did. Kick back and enjoy the ride until its time to become responsible.

    Instead of sending any direct emergency funds, I said we will use the government as our bank now. Its no time to be proud. Why should I pay for my kids, someone elses kids, illegals kids and everyone else kids overseas?

    Obama wants to tax me more, then Im gonna start gaming the system just like Im livin in NawLens too (new orleans) .

27. #27
    On March 6th, 2009 at 8:12 pm, Random-American said:

    With all the bailout bovine excrement, what exactly is the incentive for being responsible?

    I say again… YOUR mortgage is not MY problem.

28. #28
    On March 6th, 2009 at 11:48 pm, shimauma2 said:

    At the mortgage bank I work for, we just went over the “barry hussein” newly approved method of qualifying modifications for homeowners. We’re to manually lower the percentage debt to income ratio until the customer qualifies, rather than stick with previously appointed standards. As long as their mortgages are under $417K they can easily qualify.

    I love knowing I’m working in a vicious circle, collecting to get paid, getting paid to pay taxes, seeing my taxes go to the mortgages I’m collecting on, and so on and so forth.

29. #29
    On March 7th, 2009 at 1:06 am, GaMidnightRider said:

    President Urkel … That is a good one… ROFLMAO…

30. #30
    On March 7th, 2009 at 8:16 am, tarpon said:

    Free pies, free money, free houses.

    Who needs reparations, Obama will give the world’s money back to it’s rightful owner — We all know the poor, and colored earned it all. Just read Michelle Obama’s college thesis.

31. #31
    On March 8th, 2009 at 11:41 am, DannoJyd said:

    OMG! I’m elegible due to the current work slow down that occurs every year about this time.

    Disney Land, here I come!!!

    [Maybe]

32. #32
    On March 9th, 2009 at 9:11 am, danigon said:

    I saw where it was a ballon payment after 5 years??? is that true?