Thursday, February 19, 2009

Homeowner Bailout

http://www.naturalnews.com/News_000737_homeowners_bailout_foreclosure.html">Obama Announces Plan to Tax Honest Homeowners Who Paid Their Mortgages



Welcome to America, where nobody is allowed to lose anymore: Not Wall Street bankers, not homeowners, and not even schoolchildren playing a game of kickball. "Everybody's a winner!"Except that everybody isn't a winner. The hard-working, honest Americans who pay their taxes and live within their means are now being forced to pay up and bail out all the scoundrels, bankers and over-spenders who put themselves in financial jeopardy and now expect everybody else to cover their losses.I remember a day when people behind on their house payments actually had to sell their homes and move into something smaller that they could afford. Such sensible decisions are apparently no longer tolerated in America's new economy.The lesson in all this? It is now becoming obvious that the only way to get ahead in America is to fall way behind. Fall behind on your mortgage payments and your neighbors pay it for you. Fall behind on your derivative investments and the Treasury bails you out. Fall behind on automobile manufacturing and the government subsidizes your complacency with repeated multi-billion-dollar bailouts.

This is some pretty powerful stuff. Sure there are alot of people who need help but is it the governments place to step in and bail everyone out? It is obvious that too many Americans live above their means, and I don't think that this measure is going to change peoples spending habits and really help them get on their feet and become really financially stable.

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