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Rant Away!

(bumped up by Susan)

Holy Toledo, some folks are getting mighty hot under the collar about the “Stimulus” package, and some of the groups who feel entitled to that money. First up, we have Stuart Varney, an economist who worked for CNN, now Fox News, and his discussion with a representative of ACORN:



Yowzer! Mr. Varney is right, though. Why should those of us who are RESPONSIBLE about our mortgages end up “rewarding” people who AREN’T responsible by giving them $1,000 a year if they actually make their payments?? I don’t know about you, but I could sure use that toward my OWN mortgage payments (which I pay on time every time). Ironically, those of us who actually ARE responsible not only don’t get rewarded, but we get punished by having to supplement those who are not responsible. Funny, this isn’t how I was taught things were supposed to be…

Oh, but there is more on this whole issue of people being responsible or not with their mortgages. By now, you may have heard about the man who broke into his foreclosed house in Baltimore, supported by – wait for it – ACORN. Except they aren’t using that whole “breaking and entering” and “arrest” language, but “civil disobedience.” I am not kidding you. AND, it isn’t the fault of the people who got the mortgages and defaulted, but the BANKS for giving it to them in the first place. Never mind that ACORN demanded those subprime mortgages – that’s not the point!!!! Except that it is. Wow. Check out this interaction between Megyn Kelly and a spokesman for ACORN on this “civil disobedience”:

Oh, boy…That is how they are characterizing “civil disobedience” these days? Having people squat in foreclosed homes because they didn’t make their payments?? Holy cow. When I was in grad school, we engaged in a lot of civil disobedience, like sit-ins at places that built nuclear weapons, or against apartheid in South Africa. But this – supporting people in breaking into buildings, even encouraging it, as a way to “stick it to the man,” the same one they INSISTED provide the mortgage in the first place, is such incredibly flawed logic, it makes my head hurt.

And I sure can’t forget Rick Santelli, whose recent rant has created quite the buzz:

Uh, yeah! I should say, though, in the interest of fairness, that Jim Cramer, also of CNBC, disagrees with Santelli. SusanUnPC wrote a great post about it, “CNBC versus CNBC.” I reckon I am naturally inclined to support Mr. Santelli since they referred to him as a “Rabble Rouser.” What can I say?!?

Well, what I can say is that it seems more and more people are “mad as hell,” and they aren’t gonna take it anymore. And they are organizing now to make that point clear all across this land:

Amen to that. We must stand up for ourselves. It is quite clear our elected officials are not. When Nancy and Friends comes up with an ADDITIONAL $410 BILLION dollar package to add on top of the other gazillion dollars they have already passed. I might add, this one is just as full of pork and earmarks as the last one.

Yeah, that makes ME mad as hell. How about you?

  • Screw-The-DNC

    Well I for one have a pantry full of tea that I’m ready to donate to this party! We have got to do something to stop this train wreck of Obama-Pelosi-Reid!

    Just how fast do they think the US Mint can print new money?

  • cathnealon

    The law means nothing to ACORN–look who defended them in 1995, look whose offices (13) were raided last year by the FBI–this is BO’s SS and now they’ve got 2 billion from the stimulus package. And they said it couldn’t happen in the United States.

  • PamFlorida

    ACORN and it’s cronies couldn’t afford to influence elections, stage protests or “community organize” if Congress (read Dems) didn’t drop funding for them into legislation. Of course, ACORN is not mentioned by name, but the result is the same. It’s time we demand that Congress stop funding these groups who profess to help communities. Honest non-profits provide much needed communnity services, which is very different from “community organizing”.

  • Obama: Dubya II – Electric Boogaloo

    Can’t you see what’s coming down the pike? Holder’s rant on us being a nation of “cowards” shows that Obama is going to make a play for slavery reperations. Look at the Acorn lady on Fox, she really believe it’s an absolute right to take other’s (ie white people’s) money because they have it coming to them.

    When the race war starts I guess we’ll have to see who the cowards are. Whether if this is Obama’s intention or not, prepared for more shit to hit the fan.

  • Obama: Dubya II – Electric Boogaloo

    Demanding congress to reign in Acorn? You have a better chance of hoping that monkeys will fly out of my butt.

    What’s needed are counter Anti-Acorn protests. Obama wanted to get into people’s faces, well, we need to start getting into their’s.

  • http://www.rabblerouserruminations.blogspot.com/ Rabble Rouser Reverend Amy

    And that’s just it – they are STILL under investigation by the FBI, and are STILL getting our tax paying dollars. It is really quite shocking…

    Though being called cowards and racists by our Attorney General is pretty darn shocking, too.

    Frankly, we shouldn’t be subjected to either one…

  • Ferd Berfle

    They can get theirs after reparations are made for the ones who made it possible for them to get their reparations in the first place-the Union soldiers. Their ancestors should be in first line for reparations.

    Better yet, let’s just move along. This is really quite absurd.

  • rw

    It is possible that a good social outcome results from the economic meltdown: that Americans stop watching entertainment TV/stupid Hollywood features, that they stop getting knocked down at drinking holes, that they stop listening to devolution music, etc. and start getting serious about their lives and get involved in issues that directly affect their well being and their fellow citizens.

    A friend in the art world once told that the wealthy have loopholes, the poor have government programs and the middle class pays for both. This is the incentive that this system has in having a large middle class. The top and the bottom eco. sectors are whores of the system, ethics and the implication of ethics is for the middle class.

  • Doc99

    Obama, Pelosi and Reid want to party like it’s 1929!
    Props to Prince.

  • Docelder

    The top and the bottom eco. sectors are whores of the system

    That is rather well put. The top and the bottom have all the representation as well. The middle has no effective representation whatsoever and is just driven to either of the two existing parties mainly out of fear of the other. What it is… we are being herded, back and forth, in and out, much like cattle… or more aptly sheep.

  • Wisewoman

    Yes ACORN is in Obama’s pocket. Obama is telling everyone to kiss his A** believing that no one can do a thing about it. The blame for the economic melt down has been laid completely and squarely on the repubs with absolutely no responsibility for Obama or the Dems. My research shows that the one person in the country who bears the most responsibility for the economic mortgage disaster and resulting Wall Street debacle is Obama along with his democratic cohorts. The country elected the same crooks that got us into this mess. WAKE UP AMERICA, THE DEMS BARE MUCH OF THE BLAME FOR THIS ECONOMIC FIASCO.

    1. 1994>> Through Acorn’s community and legal actions, Sen Obama & other attorneys sued Citibank Federal Savings Bank in Chicago in federal court charging racial discrimination in housing lending (Link 1 below).
    2. 1998>> They won the case, bank entered into a consent decree to lend money for housing to less qualified buyers with insufficient collateral. Obama’s is listed as the 10th name as attorney on page 3.
    3. 1999>> Clinton administration entered into other consent decrees with other banks. Eventually Fannie Mae (FM) and Freddie Mac (FM) backed these mortgages helping to cause the economic melt down.
    4. Through his action and inaction, Sen Obama bares a heavy responsibility for the stock market losses impacting 401ks, retirement, and other income.
    Links Provided:
    Link 1: Legal document showing discrimination case, outcome, and attorneys of record. Find Obama’s name on page 3.

    http://clearinghouse.wustl.edu/detail.php?id=10112&search=source|general;caseCat|FH;orderby|caseName;

    Link 2 Shows Obama’s early and continuing involvement with ACORN

    http://www.audacityofhypocrisy.com/2008/10/09/barack-obamas-involvement-with-acorn-unearthed-missing-articles-recovered/

    The greatest of all US scandals is how Dems helped to destroy the financial system with a socialist housing scheme and looting the GSEs for political money and got away with it by solely blaming the Repubs.

  • Sassy

    I gotta say that the greedy little buggers are going after this money like the mob shoppers on the Friday after Thanksgiving!
    The dems here in our state legislature are daring the republicans to expect any of the funds in their districts.
    During the Mayors’ conference in D.C. they said they would be demanding that the governors funnel the money to “metro” areas.
    You know what? About half of this country deserves a very hard lesson!

  • Chris

    There is no mortgage outrage other than a few right-wing media buffoons and NQbots.

    No easy answer to fix the mortgage problem. Whatever is proposed will be critized. Easy thing would to do nothing, but that will not help get the economy out of this downward spiral.

    If you buyback the underwater mortgages you will be critized that you are bailing out the banks. If you try and help homeowners to stay in their houses you will be critized, as these wing-nuts do. If you do nothing then the economy will continue to spiral down.

    You choose what to do?

  • socalannie

    Very interesting post, Rev Amy. Loved the Arlo Guthrie part.

  • betty

    I agree, and not only does the middle class have no effective representation – the two parties are actively against us.

    As long as they can get to our earning before we can (payroll deductions)they don’t care they will just flip us the bird.

  • tango

    I also loved how the mortgage crisis bill would not apply to those with mortgages over $400,000. I guess because people who could initially afford a home like that must not be susceptible to economic hardtimes. So what if the person might have had a great salary and bought a home that wasn’t by any means out of step with his income and expenses at the time and maybe has since lost a job and can’t make his mortgage payments. Too bad, you’re rich, no help for you. Reminds me of the soup nazi – “very good, very good. No help for you! Come back in a year!”

    http://www.youtube.com/watch?v=YJyGJQx2Fgk&feature=related

    Also, this mornings Houston Chronicle had a story about giving tax payer money to low income people so they could pay off some bills, increase their FICO scores and get a mortgage. That way they could then buy homes in “disadvantaged Houston neighborhoods” so to revitalize them. They also can’t earn more than 80% of Houstons median income. Due to the uproar, the idea has since been shelved because the idea that taxpayers should pay off an individuals debt has not been happily received.

    http://www.chron.com/disp/story.mpl/front/6277344.html

  • Linda C.

    I just think of the 8 thousand people who were laid off in one small town in Ohio when DHL closed up. Are they now the losers too? Are they irresponsible people? The lazy good for nothings.

  • beebop

    No. What’s needed is an organization like ACORN that can take them on head to head.

  • FLDemFem

    If they want reparations they should ask the British and the Spanish, since they were ones who started the slave trade in the Americas. And they should also look up the descendants of the thousands free blacks in the South who owned slaves. They should be paying up too. They should pay double, for enslaving their own people. FYI, the percentage of whites who owned slaves was 4.06%, the percentage of free blacks who owned slaves was 28%. Let Obummer explain that one away.

  • cc

    did president select say his ancestors owned slaves? well, pony up the money barack…time to pay your fair share.

  • Sassy

    When will it sink in that the stimulus package is a massive debt?
    A debt so large that it could take this country down!
    The very people who could not afford the homes they moved into are clamoring for more hand-outs!
    At some point in time, this money will have to be repaid…betcha won’t see hide nor hair of them then!

  • http://noquarterusa No-nonsense-Nancy

    I’m struggling every month to pay my mortgage and I live in a modest home. I didn’t over extend myself and I have a safe and responsible loan. I just don’t see how I can or should help pay someone else’s mortgage if they over extended themselves. They can’t put all the blame on the banks. If you can’t afford to stay in a house then you need to go somewhere else. It’s pretty simple, really.

  • Ferd Berfle

    That’s for sure. We had 8 years of the redistribution of wealth upwards now to be followed by the redistribution of wealth downwards. The starting point in both instances is with the middle class. I’m just sick of it. However, our being here means we aren’t being herded–only the ignorant, the intellectually lazy, and the Kool-Aide addled are.

    The ones who see through this charade are bystanders to a horrific accident that never seems to end.

  • Ferd Berfle

    Perhaps WALNUT:
    We Are Living Never Under Tyranny

  • d2d

    I appreciate the point you are making, however I don’t believe this is the point of RRRAmy’s post.

    Many home buyers purchased homes they simply could not afford period. They overestimated their salaries and other assets to secure a bank loan. The banks looked the other way and gave these individuals loans. Both, IMHO, are at fault, but why should the taxpayer bail them out? Why is this ok?

    The point I believe you are trying to make is that there are those homeowners who through no fault of their own are unable to pay their mortgages i.e., laid off DHL employees. These are individuals that likely purchased a home within their means and made their payments on time, but now may be unable to continue making said payments.

    If my assessment is correct then I’d say you are comparing apples to oranges, and missed the point of her post.

    There are those folks who have a credit history of making their payments on time vs those who have a credit history who were never able to make their payments let alone making them on time. The latter should not have been given a loan in the first place. If we the taxpayer are going to bail out anyone it is those who have made the effort to live within there means and made good on their bank loans.

  • I’m a Linda too

    Oh yes, a student of ACORN she was. Change the subject and make any claim you want. Too bad she didn’t try the “they are taking care of the elderly in between working 3 jobs and volunteering at their church and have paid every bill, but are being thrown out of their homes.” claim lmao

    But, the man beat her. And I love how he called out their tactics.

  • Linda C.

    The mortgage crisis that started in subprimes and all of those “undeserving” has gone way beyond that now. I am not comparing apples to oranges. However, the oranges are simply dismissed as not existing. The oranges do exist and they are going to be overtaking the apples in the bushel. Also what is not being mentioned is the systemic fraud perpetrated upon people by banks and mortgage brokers.

    The Congresswoman from Toledo is encouraging people to squat in their house until the various agencies can produce the original loan papers. In many cases, the loan has been divided and sold so many times that no one can find the original paperwork for the loan anymore.

    People can be irate at Bernie Maddoff’s Ponzi scheme. However, from my standpoint, the mortgage industry and unregulated security trading is the largest Ponzi scheme going.

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