Found the video of Santelli answering Gibbs on Kudlow Friday night. HT Gateway Pundit.More:Only 2% of mortgages in this country are non-performing--98% of us are playing by the rules--yet we are being demonized? and forced to subsidize this bad behavior?!!!, and the housing bill allows judges to rewrite contracts--undermining the rule of law--are we a banana republic? Michael Barone--HALF the underwater mortgages are in FOUR STATES (gee why is that?).Illinois is not one of them, though it is up there."The American people have a sense of entitlement that the government has to bail us out for making stupid mistakes," one man told the Daily News after reading about another man who, with a $555,000 mortgage on a salary of $80,000, wants government help. Another reader said of that indebted homeowner: "I'm going to be footing the bill for this. My taxes are going to be insane."
Life is not fair; we know that. But the bailouts are proving that life is even less fair when the government plays God with your money. It can be a soul-sapping experience.
Throwing good money after bad. And the Obama administration is going to come back for more $$$ when this doesn't work.
More: Another real job killer, pushing our heads underwater as we try to breathe--Obama's going to raise taxes on "the rich", which includes a lot of small businesses, the engine of job creation in our economy. God help us. Oh, and NOW he claims to be a fiscal conservative, after shoving this insanely wasteful porkulus package on us which our children will be paying for their entire lives.
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