Chicago tea party

[Trigg]

I don't know if this has been posted before, but I thought it was humerus. They have a guy on the commodities floor getting a reaction on the proposed housing buyout.


http://www.cnbc.com/id/15840232?video=1039849853

[PostmodernProphet]

and the amazing thing was it was on cnbc......

[Trigg]

and the amazing thing was it was on cnbc......

My thoughts exactly.

Another amazing thing, if you listen closely, is they're talking about the fact that even if interrest rates are lowered to 2%........40% of the people STILL couldn't afford the houses they have.

[crin63]

They have a poll on CNBC as to would you join the Chicago Tea Party and the response is pretty good. Almost 47,000 votes and 89% would join.

This is good stuff.

http://www.cnbc.com/id/29283701

[-Cp]

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[Joe Steel]

I heard the guy on my local hate radio station.

What a whiner.

That guy should keep his mouth shut until he gets a brain.

[remie]

I heard the guy on my local hate radio station.

What a whiner.

That guy should keep his mouth shut until he gets a brain.

I didnt have to go to hate radio to see this, they played it on loony left tv last night on msnbc. The revolution is on.

By the way....what did he say that isnt true?

[red states rule]

I heard the guy on my local hate radio station.

What a whiner.

That guy should keep his mouth shut until he gets a brain.

Folks are mad because Obama is rewarding losers and punishing winners, just like most liberals want do.

The thought of handing out billions of dollars to the people who bought houses they could not afford is repugnant to all but the most brainwashed sheep.

When the hell did owning a home become a right in America?

[Joe Steel]

I didnt have to go to hate radio to see this, they played it on loony left tv last night on msnbc. The revolution is on.

By the way....what did he say that isnt true?

I don't know that any of it wasn't true. It isn't a matter of truth. It's a matter of what will serve the country. We can't have thousands of families thrown into the streets by foreclosure. Like it or not, the only way to stop that from happening is sheltering them from the consequences of their poor decsisons. It may be distasteful but it's better than the alternative.

[red states rule]

I don't know that any of it wasn't true. It wasn't a matter of truth. It's a matter of what will serve the country. We can't have thousands of families thrown into the streets. Like it or not, the only way to stop that from happening is sheltering them from the consequences of their poor decsisons. It may be distasteful but it's better than the alternative.

Loe, they will not be thriown out on the street. If they lose their home they will then bcome RENTERS

Which is what they should have been in the first place

[Joe Steel]

Folks are mad because Obama is rewarding losers and punishing winners, just like most liberals want do.

The thought of handing out billions of dollars to the people who bought houses they could not afford is repugnant to all but the most brainwashed sheep.

When the hell did owning a home become a right in America?

I don't see mortgage relief as a right to own a home. It's more like government money used to rebuild after a hurricane or flood.

[red states rule]

I don't see mortgage relief as a right to own a home. It's more like government money used to rebuild after a hurricane or flood.

My tax dollars should not go to people who made bad decisions. So they lose their home and have to rent

They start to rebuild their credit, and do as my parents did. Save money for a down payment when they buy a home

[glockmail]

I don't see mortgage relief as a right to own a home. It's more like government money used to rebuild after a hurricane or flood.

All three are bad policy:

• Encourages people to buy in balloon markets with a home that they can't afford;
• Encourages over-development in storm prone areas with homes that are too big, build too fast and without adequate Code enforcement;
• Encourages development in coastlines, river banks and estuaries, all areas better suited to wildlife habitat or agricultural resources.

[red states rule]

All three are bad policy:

• Encourages people to buy in balloon markets with a home that they can't afford;
• Encourages over-development in storm prone areas with homes that are too big, build too fast and without adequate Code enforcement;
• Encourages development in coastlines, river banks and estuaries, all areas better suited to wildlife habitat or agricultural resources.

People in this country don't see the ramifications of letting the goverment take care of them. Pretty soon they won't have any say so about anything.

I guess they like it that way since they keep putting their hand out for someone else to make their decisions for them, pay for their houses, etc. I guess they haven't realized yet that it comes at a price and that price could be the freedom to make those decisions.

I guess they think that all that stuff really is free.

[PostmodernProphet]

I don't see mortgage relief as a right to own a home. It's more like government money used to rebuild after a hurricane or flood.

okay, if you want to use that analogy.....how do you feel about rebuilding a home with government money for a guy who built his home in the middle of the Mississippi River?.......granted some folks who are foreclosed on were the result of CHANGED circumstances, but the bulk of the problem exists because people were given adjustable rate mortgages with payments that were at the top end of their ability to pay......the very first time the rates changed to market value they were incapable of paying the monthly payments.....how do you "rebuild" that?.......