Wednesday, October 15, 2008
Rhetoric worth repeating again
(Hat tip to Doc, for dustin' this off just in time for the third and -- thanks be -- final debate betwixt Sen. Past and Sen. Future.)
Listen to the Republicans grass roots about individual mortgage bailout.
1. They don't want any of their neighbors who shouldn't have tried to afford those houses to be bailed out. It is not fair. Those people are responsible for their own actions.
2. Please help keep our own home values at their current levels. By buying up those mortgages in our neighborhoods at the mortgage's original full value with taxpayer's money.
Don't save the schluck in the home, he is guilty, but save the value of the mortgage on the home to keep my investment solvent. Keep my home value high by having the cost to do so spread among all of the taxpayers.
Privatize the profit socialize the cost.
Is that not what I am hearing?
How does that square with "Love thy neighbor as thyself"? Now that is good public policy.
Six of one ...
Just depends on where you start and where you want to get.