on Thursday, February 19, 2009

In a post I wrote the other day about the economy, I originally used the phrase 'revolution is coming' before re-wording it as I thought the that phrase was a little too strong.

Dude. I should’ve left it in:

Rick Santelli on CNBC nails it here, while capturing the mood most of us Americans are feeling right now about President Obama’s plan to bail out those who aren’t keeping up on their mortgages, while making us who did it right the first time pay for it. My favorite quotes from this awesomely awesome rant of all rants:

“The government is promoting bad behavior… Let’s put up a website to have people vote [to see] if we wanna subsidize the losers’ mortgages... We need to reward the people carrying the water instead of those drinking the water. (Cheering in background on Chicago trading floor)… How many of you people want to pay for your neighbor’s mortgage? (Boos in background on trading floor.) President Obama, are you listening? How about we all stop paying our mortgages? It’s a moral hazard.”
Kids, the revolution has begun and a new tea party is on our horizon. It was only a matter of time before Americans started exercising their own voices of frustration on Obama’s welfare policies instead of letting the media dictate, whether accurately or not, their voices for them. Obama seems to think that all Americans are in love with him and his ultra-liberal welfare policies to help those too lazy to help themselves. But he seems to have already forgotten that 46% of us voted for the other guy.

Here are the facts: 93.7% of mortgages are paid on time and only 2% are in foreclosure as we speak. But now Obama wants to reward the 2% while shafting the rest of us who did it right the first time. Why should I, the guy who took on a mortgage he knew he could afford, have to pay the tab for a guy who, even though he knew the terms of his adjustable loan, still foolishly chose to bite off more than he could chew?

It’s becoming ever more apparent that Obama doesn’t care about the majority of us who do the right thing every morning. Instead he chooses to reward the slackers, the whiners, the complainers, and the outspoken minorities... and people are starting to get fed up with it. If he doesn’t start listening to our voices, and listening now, he may find many Americans storming Washington sooner than he thinks.