"The government is promoting bad behavior," Santelli said of President Obama's $75 billion initiative to refinance mortgages."I have an idea," he said on the Chicago Mercantile Exchange floor."How about this, new President and new administration, why don't you put up a Web site to have people vote on the Internet ... to see if we really want to subsidize the losers' mortgages."Or would we like to at least buy cars and buy houses in foreclosure and give them to people who might have a chance to actually prosper down the road... reward people who could carry the water instead of drink the water."Santelli then turned to the traders."How many of you people want to pay for your neighbor's mortgage that has an extra bathroom and can't pay their bills?" he asked as boos filled the air."President Obama," Santelli continued. "Are you listening?""We're thinking of having a Chicago Tea Party in July," Santelli said.Santelli told the Daily News only a handful of the 700 e-mails he got were negative.About the tea party: "I was half-serious, but given the response, I think something is going to have to be done in a very serious way." http://www.nydailynews.com/money/2009/02/19/2009-02-19_the_case_against_the_mortgage_bailout_we.html
NYT editorial blames Bush but fails to mention how Bill Clinton started this mess in the mid-90s by relaxing loan criteria. Let's also finger former Fed Chairman Alan Greenspan...
"The anti-foreclosure plan announced by President Obama on Wednesday is a decisive break from the Bush administration’s disastrous protect-the-banks-but-not-the-homeowners policy. The president has promised that it will help as many as nine million American families refinance their mortgages or avoid foreclosure. That’s a good start, but given the dire state of the economy, we fear it still may not be enough. For two years, while house prices cratered and mortgage defaults soared, the Bush administration stubbornly refused to compel the mortgage industry to clean up the bad loans that had been made so recklessly; it even refused to give banks any incentives to do so. Some two million families lost their homes to foreclosure."
“I don’t want the folks who created the mess to do a lot of talking. I want them just to get out of the way so we can clean up the mess. I don’t mind cleaning up after them, but don’t do a lot of talking.”
~~ Barack Obama, at a rally for State Senator Creigh Deeds, Tysons Corner, Virginia, August 6, 2009
"....all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed."
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny. ~ Thomas Jefferson
Obama's Health Plan
...............You
2009 Town Hall Meetings
Democracy Break Down
Best Seller
"I happen to be a proponent of single-payer, universal health care coverage." Barack Obama 2003
DO YOU REALLY THINK HE'S CHANGED HIS MIND?
The President, Vice President, Speaker of the House and All Senators and Representatives should receive the same Health Plan they force on other Americans:
Sic 'em!!!
"We in America do not have government by the majority.
We have government by the majority who participate."
"Think as I think," said a man, "Or you are abominably wicked; You are a toad."
And after I had thought of it, I said, "I will, then, be a toad."
--Stephen Crane
Media Malpractice: How Obama Got Elected and Palin Was Targeted
Signs of the Time
"When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it."
--French economist, statesman and author Frederic Bastiat (1801-1850)
'There's no doubt that Lincoln held office during difficult times...But think of poor George Washington...He didn't have a previous administration to blame for his problems.'
I am an Anti-government Gunslinger, also known as a libertarian conservative. I believe in smaller government, states’ rights, gun rights, and that, as Reagan once said, “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’”
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