Presidential candidate Barack Obama, largely ignoring his Democratic rival for now, ridiculed likely Republican nominee John McCain on Wednesday for offering "not one single idea" to help hard-pressed homeowners facing foreclosure.
The Illinois senator touched on some themes he's likely to strike today at 9:15 a.m. ET in what his campaign bills as a major economic address, at New York's Cooper Union.
Tuesday, McCain warned that some proposals for government intervention in the housing crisis would rescue banks and borrowers who acted irresponsibly.
Campaigning in California on Wednesday, McCain told reporters "we may have to do more" to help homeowners. "But raise taxes as Sen. Obama wants to do, or some kind of massive bailout that is a needless expenditure of taxpayer dollars, is obviously something that I don't support," he said.
Ok Senator Obama, I'm listening. Tell me, why do I have to foot the bill for people who overextended themselves, didn't plan on losing their jobs when they bought their homes, or just simply are living above their means?
Why should I have to foot the bill on a "bailout" for companies that lent money to people who couldn't pay it back?
Why should I have to foot the bill for people to continue to live above their 
means?
Why are you continually talking about our debt, yet want to use tax payer money that could be used to pay down that debt to bail people out from bad financial decisions?
If you are going to bail people out of these bad financial situations, are you going to make my mortgage payment for me?
Are you going to bail me out if the stocks I've invested in lose money?
It's the same thing, the only difference is that people live in their financial mess they created.
Apartments were created for a reason. They are inexpensive places to live for people starting out in life, people who need to get back on their feet, crowded cities, or just simply the lazy.
If someone is living above their means, they need to sell their home and move into an apartment. It's as simple as that.
And what's worse is that this isn't even a Democrat/Republican argument. This is a "Why should I pay for you to live in a nicer home" issue.
Obama called for immediate relief for those affected by the housing crisis, revamping the regulatory framework and boosting the economy with an additional $30 billion stimulus package.
$30 billion dollars. That's $30 billion EXTRA dollars out of yours and my pocket. No where did Obama say "I'm going to cut $30 billion from the budget to help you", I could actually get behind a plan like that.
Obama said the U.S. economy was a success because it balanced free markets and regulation.
"Our free market was never meant to be a free license to take whatever you can get, however you can get it. That is why we have put in place rules of the road to make competition fair and open and honest," he said.
Precisely Mr. Obama! Everyone involved in the "mortgage crisis" broke these rules and now they are paying a price. Rules are in place for a reason and if you bail people out, then why bother to have the rules in the first place? You teach your children that, I assume, so the same thing should apply to adults.
Sorry guys, but I don't feel sorry for you because you bought a nicer home, in a nicer neighborhood, and drive a nicer car. I've lived in neighborhoods that had drug dealers and SWAT team raids because that was all I could afford at the time. So sell your place and stop whining.
Travis
2 comments:
Get you head out of your
a## and maybe you would see that record job losses to be the largest part of the problem that is causing people to lose their homes.
You are as bad as that idiot president when it comes to the housing crises. According to him this problem was caused by to many people buying homes.
What kind of an idiotic answer is that.
And you are the perfect poster child for the problems that we are currently facing.
Job loss shouldn't matter when you are buying a home. When my wife and I sat down to buy our home, we ran several scenarios, including job loss for one or both of us. The home was still affordable, so we went for it.
It has nothing to do with people buying homes, it has to do with people overextending themselves and buying homes they cannot afford.
The least you owe me is to actually READ what I wrote.
You still haven't told me why I should have to foot the bill for people who live above their means.
Normally, when this happens, people just shrug and say "well move". Now that it's happening to a bunch of people, everyone wants the government to get involved.
Sorry, you get no sympathy for me for buying a home you cannot afford.
Sell it and move into an apartment and chalk it up to a life lesson learned.
Travis
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