I was recently baffled by the outbreak of support for a Rick Santelli rant. You can find it on Thoughts Aloud, or The Intellectual Redneck. In this case, Santelli got a bunch of Wall Street investors to boo people with an extra bathroom for being the cause and recipient of government bailouts. He suggested we all go have Chicago tea party in July in protest. And do what? Should we all go to Chicago and not pay our mortgage? It seems all you have to do to impress conservatives these days is get so worked up with mock outrage that the cameraman needs a spittle guard. The biggest problem I have with Republicans of late is their willingness to start running with torches and pitchforks without deciding first what their goals are. Going along with them is like hunting with Dick Cheney.
I was ready to let the matter drop until I saw this response by Jon Stewart over at The Osterley Times, as well as politickybitch. I would have loved to see Santelli on the show, but he apparently didn’t have as much to talk about as he thought he did. Stewart goes on at length to show how CNBC analysts are almost as bad as FOX News analysts. Please, if you care about your money, don’t listen to these analysts; they clearly have a conflict of interest.
The outrage is that people who have been working very hard and tightening their belts to PAY their mortgages are now having to bail out people who have failed to pay their mortgages. Considering that much of this is due to the Congressional Black Caucus, Barney Frank, Chris Dodd and others who demanded that banks give loans to poor people who couldn’t afford them, with the promise that they would be backed by the full faith and credit of our government, ………….see where I’m going with this?? We have legitimate beefs about a government that rewards BAD BEHAVIOR at the expense of those who are struggling to get their mortgages paid. If you would take the time to investigate………..sigh………but you won’t, will you?
As someone who pays a mortgage I see it all too well. I haven’t published my post on the subject yet, but I did comment on the matter a month or so ago here on The Osterley Times:
Your partisanship leaves you blind to the bipartisan causes of the crisis. Your own party has been in charge for eight years. Don’t pretend they were unwilling spectators. Bush aggressively expanded what Clinton started.
My post was in no way in support of a mortgage bailout. If the banker bailouts had been given to the poor, they wouldn’t be called the poor. They are obviously still poor, and it isn’t because they blew their trillion dollar bailout on crack, it is because they didn’t get a trillion dollar bailout. Don’t let these guys fool you with the bait and switch.